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...