Business of Mining: The Mining Business, Uncertainty, Project Variables and Risk, Royalty Agreements

The Business of Mining is a set of three Focus books that provide a comprehensive appraisal of the analytical tools available for assessing the economic viability of prospective mines. The first volume covers an overview of the mining business, project variables and risk, royalty agreements, pricing and contract systems, and accounting standards and practises. The books are written for undergraduate applied geologists, mining engineers, and extractive metallurgists, as well as practicing mining professionals and consultant geologists, mining engineers, or primary metallurgists.

Format: Hardback
Length: 68 pages
Publication date: 20 December 2018
Publisher: Taylor & Francis Ltd

The comprehensive set of three Focus books, The Business of Mining, offers readers a holistic and comprehensive evaluation of the analytical tools available for assessing the economic viability of prospective mines. Each volume in this series focuses on a specific aspect of the mining industry, providing a deep dive into its intricacies.

In the first volume, readers are introduced to the fundamental aspects of the mining business, encompassing its historical background, regulatory framework, and the various stages involved in mine development and operation. The book then delves into an in-depth analysis of project variables and risk, exploring the factors that can impact the success or failure of a mining project. This includes examining geological conditions, resource estimates, market dynamics, and the political and economic environment.

The second volume focuses on the royalty agreements, pricing, and contract systems that govern the mining industry. It provides a detailed explanation of the various types of royalty agreements, including net smelter returns, production-based royalties, and hybrid models. The book also discusses the factors that influence royalty rates, such as the commodity price, mine life, and the jurisdiction in which the mine is located. Additionally, it explores the challenges associated with pricing and contract negotiations, such as risk allocation, dispute resolution, and the protection of intellectual property.

The third and final volume in the series addresses accounting standards and practices for the minerals industry. It provides a comprehensive guide to the financial reporting and accounting requirements applicable to mining companies, including International Financial Reporting Standards (IFRS) and other local accounting standards. The book covers topics such as asset valuation, depreciation, revenue recognition, and the measurement of mineral reserves. It also discusses the ethical and sustainability considerations that are increasingly important in the mining industry, such as environmental, social, and governance (ESG) reporting and responsible mining practices.

The books were written primarily for undergraduate applied geologists, mining engineers, and extractive metallurgists, as well as those pursuing course-based postgraduate programs in mineral economics. However, the complete series will also be an extremely valuable reference text for practicing mining professionals, consultant geologists, mining engineers, or primary metallurgists.

The Business of Mining offers a comprehensive and insightful perspective on the mining industry, providing valuable insights and tools for professionals and students alike. Whether you are a seasoned mining executive or a aspiring student, these books are a must-read for anyone interested in understanding the complexities and challenges of the mining business.

Weight: 212g
Dimension: 144 x 224 x 5 (mm)
ISBN-13: 9781138299689