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Mining Economics and Strategy,Used
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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 costeffective 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 reallife studies.The differences between economic decisionmakinga forwardlooking taskand the reporting of results via accounting methodsa backwardlooking activityare reviewed. Capital and decisionmaking 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 riskreduction 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.
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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.