Mining Economics and Strategy
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...
Capital and Uncertainty
A study of capital, analyzing capital investment choice as a process. It is a non-mathematical text, modernizing and adding to the existing thought in this area, with insights from game theory, rational choice under uncertainty and new institutional economics. Dr Runge also draws upon 25 years of experience in setting out a practical exposition of the risk/return trade-off and how major capital investment decisions are made within firms. Topics covered include: the nature of capital investment...