By Juan P. Camus
The mining industry's procedure for dealing with low profitability has concentrated totally on controlling construction expenses. regardless of mechanization, automation, and different technical advancements, the combination profitability of mining nonetheless falls a long way in need of that discovered by way of such a lot different industries. writer Juan Camus contends that what's required isn't extra technical wisdom, yet particularly sound administration practices that make the most of the prevailing wisdom base extra productively. administration of Mineral assets explores mining managementthe strategy of producing plans and supervising their implement. Read more...
content material: Preliminaries; Contents; bankruptcy 1 creation; bankruptcy 2 the idea that OF administration; bankruptcy three THE ECONOMICS OF MINING; bankruptcy four THE MINING method; bankruptcy five ORGANIZATIONAL layout; bankruptcy 6 demanding situations TO THE MINING undefined; REFERENCES; INDEX; in regards to the AUTHOR.
summary: The mining industry's method for dealing with low profitability has targeted totally on controlling construction expenditures. regardless of mechanization, automation, and different technical advancements, the mixture profitability of mining nonetheless falls a ways wanting that discovered via so much different industries. writer Juan Camus contends that what's required isn't really extra technical wisdom, yet relatively sound administration practices that make the most of the prevailing wisdom base extra productively. administration of Mineral assets explores mining managementthe technique of producing plans and supervising their enforce
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Additional info for Management of Mineral Resources : Creating Value in the Mining Business
Energy, exchange rate, and labor). However, in reality, market conditions change over time and the same deposit can have different values, depending on the time at which the evaluation is performed. Under this condition, the hill of the preceding analogy is actually in continuous movement so reaching the top and maximizing the present value becomes a much more complicated task. At any place on the hill and regardless of the route already covered, each upward step should be carefully evaluated—what could have been the highest slope at a certain time might have moved because of changes in market variables.
A great deal of fruitless dispute about the true 23 © 2002 by the Society for Mining, Metallurgy, and Exploration. All rights reserved. Electronic edition published 2009. 24 Management of Mineral Resources costs of objects stems from a failure to recognize that only actions have costs, and that actions can entail different costs depending on people and their circumstances. A glass of water, for instance, may have no cost for a person living in a modern Canadian city, but may be priceless if the same person is lost in the desert.
30 Management of Mineral Resources recovered as different cutoff grades are applied to the resource. Later, Kenneth Lane (1964) reformulated these seminal works and strongly emphasized not only the economics of the mineral resource but also to the whole mining process, including the size of the installations. Lane also introduced some practicalities to make the elaborate theory more applicable. Later, Mike Blackwell (1971) successfully employed these ideas in the planning and development of a large-scale project in Bougainville, Papua New Guinea.