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- Title
IMPORTANCE OF THE COSTS IN EVALUATING THE MINING PROJECTS.
- Authors
MANGU, SORIN-IULIU
- Abstract
From the perspective of the use of production factors, mining projects are projects with long-term capital investments. Irrespective of the concrete form of financing, the sources of funding or the timing of the resource consumption, or the profits generated, the evaluation of these projects always requires consideration of the remuneration of the capital invested. Mining projects can target the development of new perimeters or the continuation of the work of some businesses in operation. Even if each of these situations presents particularities in terms of evaluation, the importance of the cost issue involved is common. For the needs of the economic and financial evaluation, the realization and subsequent functioning of a mining project can be translated into a series of cash flows, in which distinct (in terms of content, moment of production and significance) are output flows, resource consumption, expressed as costs.
- Subjects
COST control; MINES &; mineral resources; MINERAL industries; INVESTMENTS; CAPITAL investments
- Publication
Annals of the University of Petrosani Mining Engineering, 2018, Vol 19, p14
- ISSN
1454-9174
- Publication type
Article