DBPapers
DOI: 10.5593/sgem2012/s03.v1003

A NEW MODEL FOR EVALUATING THE MINING PROJECTS FROM THE EMPLOYMENT POINT OF VIEW

F. BUSE, N. BUD, G. FLORIN BUSE
Wednesday 1 August 2012 by Libadmin2012

References: 12th International Multidisciplinary Scientific GeoConference, www.sgem.org, SGEM2012 Conference Proceedings/ ISSN 1314-2704, June 17-23, 2012, Vol. 1, 425 - 432 pp

ABSTRACT

Novelty of the approach is, first, the proposal to assess the value of a mining project in
aggregate income criteria as defined by Keynes. For this you have to do research and
application efforts to shift costs to the concepts and structures presented in a previous
chapter that would be a basis for defining a new cost structure that allows calculation of
aggregate income. A second issue that requires a different way to evaluate a mining
project is to express quantities in two units (money and labor) and the "final production"
mining unit as the quantity of labor employed. To apply concepts and reasoning in
evaluating mining projects Keynes tried to clarify the features of mining projects on the
start and end of a mining project and the project life. Without those details is not
possible to apply proper reasoning for decisions on short and long term costs and
revenue projections as defined during the project life.

Keywords: aggregate venue, mining project, cost projection