#113 – Mine Planning & Equipment Economics - Part 1

Perspective #113 — Economics of Mine Planning and Equipment Selection — Part 1

Written by Dr. Ian Runge | Founder, Runge Ltd

Ian Runge looks at marginal costs, and suggests that some of our investment choices for startup of new mines might be incorrect – if we apply simple pit optimization criteria, the “optimum” production rates derived from these models may be too high.

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#114 — Economics of Mine Planning and Equipment Selection — Part 2

In this final part he continues the example of why “optimum” production rates for new mine developments derived from simple discounted cash flow analysis may be wrong … i.e., too high.

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