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Mining Economics and Strategy Paperback – Feb 1998

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Product details

  • Paperback: 316 pages
  • Publisher: Society for Mining, Metallurgy, and Exploration (Feb. 1998)
  • Language: English
  • ISBN-10: 0873351657
  • ISBN-13: 978-0873351652
  • Product Dimensions: 27.7 x 21.3 x 1.5 cm
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 560,830 in Books (See Top 100 in Books)

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Product Description


Economic skill is an essential partner to technical skill in every step of the mining process. This book will help 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. The text also covers discounted cash flow techniques, the application of DCF techniques in an operating mine environment, the differences between economic decision-making - a forward-looking activity - and the reporting of results via accounting methods - a backward-looking activity - as well as capital and decision-making procedures associated with capital investments in a risk environment.

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Most Helpful Customer Reviews

Format: Paperback Verified Purchase
This book will give you most practical rathen than theory. It explains the simple definition related with the real fact in the field.
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Most Helpful Customer Reviews on Amazon.com (beta)

Amazon.com: 4 reviews
13 of 13 people found the following review helpful
Concise, Comprehensive and Understandable 22 Dec. 2000
By A Customer - Published on Amazon.com
Format: Paperback
If you're unfamiliar with economics in general, but are in the mining industry, I would recommend this book to you. Not only is Mining Economics and Strategy easy to understand, it incorporates helpful examples, methods and programs to support the text.
The book is not limited to mining engineers either. Examples and all information can be understood and utilised in all economical situations - i.e. anywhere money is involved.
As a mineral processing engineer this book was recommended by a mining engineer and I was pleasantly suprised with the detail and presentation of the book
3 of 3 people found the following review helpful
Very practical approach with many excellent example evaluations 1 May 2011
By A 30 year Mining Engineer - Published on Amazon.com
Format: Paperback
Runge's approach to this topic is the most practical of all the experts in this field. He provides many good examples with which you can model your own evaluation to most mining situations. He also offers a two day course, which also provides you with the book. His major competition is Frank Stermole, whose book is much more theoretical and harder to put into actual practice. I would recommend Ian Runge's book for those who need to get a good grasp on the subject in short order. Very well written, by a recognized PhD specializing in the topic.
Best text I know on the subject. 5 April 2015
By Fibonacci - Published on Amazon.com
Format: Paperback Verified Purchase
This is a beautiful text written by somebody who not only deeply understands the structure/texture of the technical and commercial challenges inherent in mining projects, but who also explains them in a brilliantly succinct fashion. A very practical yet easy-to-read book.
0 of 1 people found the following review helpful
Livros 1 Jan. 2013
By Leonardo Dias da Silva Mendes - Published on Amazon.com
Format: Paperback
Produto muito bom! Chegou certo, sem nenhum problema. Aconselho a compra. Ok k k k k k k k k
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