Project cost overruns: Implications for public disclosure.

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There is a long history of cost overruns in mining. By some estimates, average cost overruns for mining projects range from 20 to 60%. This is, particularly, interesting when you think of the fact that most of our rules governing … Continue reading

What are the factors that drive community support for mining projects?

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In this era where corporate social responsibility and sustainability programs are essential aspects of mine management and planning, community engagement is essential for mine management throughout the mine’s life cycle. One of our goals during community engagement is to understand … Continue reading

Bull/Bear Markets and Mine Plans

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This week, I read several articles on gold’s bear run on the markets (you can find my favorite here). Several news outlets noted that gold dipped below $1,500/oz., which takes it below 20% of its peak price (the official definition … Continue reading

Conflicts between IRR and NPV criteria: Why the conflicts aren’t always real

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My involvement with the SME/NSSGA Student Design Competition has made me aware how often engineers (in this case mining engineering students) obtain, what appears to be, conflicting decisions based on net present value (NPV) and internal rate of return (IRR) … Continue reading