Mining Economics and Strategy

Ian C. Runge

ISBN 10: 0873351657 / ISBN 13: 9780873351652

Verlag: Society for Mining, Metallurgy, and Exploration, US, 1998

Beschreibung

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.

Bestandsnummer des Verkäufers LU-9780873351652

Bibliografische Details

• Titel: Mining Economics and Strategy
• Verlag: Society for Mining, Metallurgy, and Exploration, US
• Erscheinungsjahr: 1998
• Sprache: Englisch
• ISBN-10: 0873351657
• ISBN-13: 9780873351652
• Einband: Paperback
• Zustand: New

Über diesen Titel

Inhaltsangabe

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.

Über die Autorin bzw. den Autor

Charlotte y Peter Fiell son dos autoridades en historia, teoría y crítica del diseño y han escrito más de sesenta libros sobre la materia, muchos de los cuales se han convertido en éxitos de ventas. También han impartido conferencias y cursos como profesores invitados, han comisariado exposiciones y asesorado a fabricantes, museos, salas de subastas y grandes coleccionistas privados de todo el mundo. Los Fiell han escrito numerosos libros para TASCHEN, entre los que se incluyen 1000 Chairs, Diseño del siglo XX, El diseño industrial de la A a la Z, Scandinavian Design y Diseño del siglo XXI.