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Management of Mineral Resources: Creating Value in the Mining Businessby Juan Camus
Synopses & Reviews
Mining, as one of the world’s earliest industrial activities, continues to yield minerals and resources both valuable and fundamental to civilization. Yet the industry that produces such riches is not as lucrative as it may seem. It is one endeavor to discover a mineral deposit, and quite another to mine it profitably.
The industry’s strategy for coping with low profitability has focused primarily on controlling production costs. Despite mechanization, automation, and other technical improvements, the aggregate profitability of mining still falls far short of that realized by most other industries. What appears to be lacking, contends author Juan Camus, is not additional technical knowledge, but rather sound management practices that utilitize the existing knowledge base more productively. Management of Mineral Resources aims to raise the level of mining profitability through better management—the process of generating plans and supervising their implementation.
This book is concerned with the analysis of some of the internal, controllable factors that influence mining production effectiveness. It combines the best thinking in mining and management so that practitioners can devise a concrete strategy for generating maximum shareholder value. Ideas in both of these areas have rapidly evolved in recent years, and this insightful text presents an authoritative review of the current state of the art.
A mass of published material exists, yet it is widely scattered—much of it in technical papers—and therefore not readily accessible. The thought-provoking material in this book has been selected, summarized, and presented by the author in a form that preserves the perspective of its relative importance.
Book News Annotation:
Camus, corporate manager of planning and development at a mining company, proposes better mining management as a key to improving profitability and productivity. His approach is systematic, and he challenges some outmoded paradigms and rules of thumb. In early chapters he defines management and outlines the particulars of mining management. In later chapters he examines the economics of finite, nonrenewable resources and looks at how mining methods and processes interweave with organizational factors in an industry ripe for management overhaul.
Annotation c. Book News, Inc., Portland, OR (booknews.com)
The focus of this book is on the analysis of some of the internal, controllable factors that influence mining production effectiveness. The book puts forward a systematic approach for conducting the mining business, which challenges the many paradigms that have been used in mining throughout the years.
This book is concerned with the analysis of some of the internal, controllable factors that influence mining production effectiveness. It combines the best thinking in mining and management so that practitioners can devise a concrete strategy for generating maximum shareholder value.
Includes bibliographical references (p. 99-101) and index.
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