This book will help 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.Example 7.1 tabulates how this calculation is undertaken. Example 7.1: A dozer that operates for 4, 000 hours per year and has an expected life of 20, 000 hours has an initial capital cost of $1 million. What is the hourly ownership cost, anbsp;...
|Title||:||Mining Economics and Strategy|
|Author||:||Ian Charles Runge|
|Publisher||:||SME - 1998-01|