I own a Mine - what now?

mining_icon

Some basics on mining (and oil wells) 

  • Mines are worth real $ money - their products are among the scarcest and highest value materials in Virtonomics
  • Access to mines opens up strategic options for your corporate development:  Which products depend on e.g. Polymetallic Ore?
    >> Analytics  >> Reference >> Products  >> Polymetallic Ore 
  • Put focus to…
    • produce the best quality possible from your mines and their products, which requires to...
    • build the most mining qualification possible per each piece of resource extracted, as this restricts the
    • use of the highest possible technology for extraction.

    • from Tech level 8 on the game starts to change for base quality 1 mines, due to increased output quality.

  • Best quality possible:  see Wiki table max. quality of mining products according to a) technology and b) base quality of the mine.
  • Build mining qualification:  don't run your mine at <100% efficiency ! 
  • Highest possible technology:  check the "recommended qualification" in your mine's "Technology" section. The values are equally valid for Technology licenses.

mining_technology_screenshot


  • Some resources are offered in q1.0 quality and unlimited quantity via an "independent supplier" - which keeps q1.0 prices low:  e.g.  coal, iron ore, crude oil, and some others.
    • this is your safe bet for uninterrupted supply of factory inputs
  • Some products and qualities are scarcer than others. E.g. low quality crude oil usually is more available than other natural resources without "independent supply". 
    • Rule-of-thumb: valuation can show discretionary jumps in valuation, when trading natural resources of quality >1.0
  • When exporting mining products, carefully study export/import custom duties, and respective minimum applicable prices ("IP" - indicative price). See the "Customs Duties" page of each country. 
    • Example Nigeria: In Virtonomics it has been following a low-tax low-customs tradition - with the important exception of crude oil and fuel exports.

In summary, anything involved in mining tends to be scarce, valuable, and strategic: products, qualification, technology. 

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