Mining Economics and Strategy

Mining Economics and Strategy

eBook - 2009
Rate this:
Book News
Presents a cost-effective mining scheme, including the economics of information and the procedures for rational evaluation of mining projects under uncertainty. The author covers costs, time value of money, ownership costs and capital costs, operating costs, investment decisions, an operating mine case study, at-risk discounted cash flow analysis, and mining strategy. Appends tables of values for use in calculations of functions described in the main text of the book. Annotation c. by Book News, Inc., Portland, Or.

Society for Mining Metallurgy
Economic skill is an essential partner to technical skill in every step of the mining process. An economic "mindset" begins before the first drill hole. This new book will help you effectively direct mining operations through the use of innovative economic strategies.

The text covers what is meant by a cost-effective mining scheme, the economics of information, and the procedures for rational evaluation of uncertain projects. It defines "ore" from an economic perspective and covers the influence of scheduling on ore reserves.

Discounted cash flow techniques, the most widely used evaluation technique for investment decision making, is covered in detail. The assumption of the use of spreadsheets is unique to this book. The application of DCF techniques in an operating mine environment is given expanded coverage and examples are drawn from real-life studies.

The differences between economic decision-making--a forward-looking task--and the reporting of results via accounting methods--a backward-looking activity are reviewed. Capital and decision-making procedures associated with capital investments in a risk environment are given extensive coverage. Case studies for capital investment in an operating mine are included. Comprehensive examples investigate "value" from a risk-reduction perspective and from an "expected return on investment" perspective.

This book offers solutions to the problem that many mining projects fail to achieve expectations because of their inability to adapt to change. A new technique is explained that allows calculation of capital that is "at risk" from capital that is not at risk. This promises significant advances in the way that investments are made and capital is valued in the industry.

The book concludes with a brief review of the historical setting and knowledge difficulties in any mining-related investment, and how these issues might also influence the success of investments in the future.

Publisher: Littleton, CO : Society for Mining, Metallurgy, and Exploration, 2009
ISBN: 9780873352888
0873352882
Characteristics: 1 online resource (xix, 295 pages) : illustrations

Opinion

From the critics


Community Activity

Comment

Add a Comment

There are no comments for this title yet.

Age Suitability

Add Age Suitability

There are no age suitabilities for this title yet.

Summary

Add a Summary

There are no summaries for this title yet.

Notices

Add Notices

There are no notices for this title yet.

Quotes

Add a Quote

There are no quotes for this title yet.

Explore Further

Recommendations

Subject Headings

  Loading...

Find it at WPL

  Loading...
[]
[]
To Top