ABSTRACT
An inventory of undeveloped mineral areas shows possibilities for future development, but it is an oversimplification to say that any single factor controls actual investment and production. Mineral deposits in the United States are currently of lower grade in comparison with foreign deposits being developed or those developed historically within the United States. High grade ore deposits and low production costs allow maximum profit potential and serve as a lure attracting US corporations into the foreign arena. Many mining companies have long term contracts to supply mineral commodities to another company or are part of an integrated corporation that mines the raw materials and sells finished products. Government mineral ownership in foreign countries might mean development decisions will not always be based on a profit motive. Four major problems exist: uncertainty of the host country's political stability and orientation, potential governmental interference with management, changes in existing law, and payment of required development costs.
