Modern Management in the Global Mining Industry

Print version record.

Intro; MODERN MANAGEMENT IN THE GLOBAL MINING INDUSTRY; MODERN MANAGEMENT IN THE GLOBAL MINING INDUSTRY; Contents; List of Figures; List of Tables; About the Authors; Foreword; Acknowledgements; Chapter 1: Introduction; Mining in Perspective; Steel-related Minerals; Power-intensive Industries; Hard Rock Mining; Fertilizer Building Blocks; Identifying the Core Issues; Chapter 2: Commodity Price Forecasting; Theoretical Background; Forecasting the Demand Curve; Forecasting the Supply Curve; Short-term Price Forecasting; Long-term Price Forecasting; Chapter 3: Recycling

Chapter 4: The Marketing of CommoditiesMarketing Commodities, Quasi-commodities and Products; The Supply Chain; Scope of Marketing Activities; The Organisation of the Marketing Function; The Global Structure of Commodity Prices; Essential Exposure for the Renaissance Man; Appendix: The Pricing and Trading of Base Metal Concentrates; The Pricing of Concentrates; Payments and Deductions; Treatment and Refining Charges; Chapter 5: The Role of Commodity Exchanges in Pricing; Types of Commodity Exchanges; Why Commodity Exchanges Succeed or Fail; Price Reporting Services

The Functions of Commodity ExchangesFutures, Forward Prices and Forecasts; The Mechanics of LME Transactions in Physical Metal; Issues with the Warehousing Business Model; Chapter 6: Price Risk Management; Why Manage Price Risk?; Producers; Intermediaries; Consumers; Key Elements in Price Risk Management; How Hedging Works; Programme Design and Implementation; Trading and Hedging of Concentrates; A Long-term Process; Chapter 7 : Shareholder Value; The Shareholder Value Revolution; Value-based Management; Sustainable Competitive Advantage

Why the Cost Culture Fails to Deliver Shareholder ValueMoving to a Value Culture; Chapter 8 : Measuring Mine Production Costs; Who Is Interested in Costs and Why?; The VBC Nomenclature; Raw Material Costs; Conversion Costs; Site Costs; Realisation Costs; Business Costs; Other Costs; Corporate Costs; Capital Costs; Economic Costs; Costing Mines with Significant By-products or Co-products; VBC and Traditional Accounting; Relationship of VBC to Traditional Cost Ranking Concepts; Chapter 9 : Performance Improvement and Capital Productivity; Pushing Accountability Down the Organisation

Basic Principles of Capital ProductivityBottleneck Management Potential; Machine Productivity; Capital Reduction Potential; Network Efficiency Potential; Six Sigma; Benchmarking; Conclusions; Chapter 10: Risk and the Cost of Capital; Project Risk; The Capital Asset Pricing Model; Cost of Equity; Return on Equity; Beta Coefficients; The Cost of Debt; Tax Rates; The Overall WACC; The Effective Cost of Finance for New Projects; Royalties; Conclusion: Risk and Return Off Broadway; Chapter 11: The Mining Cycle; Value and the Mine Development Cycle; Junior Mining Companies; Reserves and Resources

The Gateway System

This book brings together perspectives from economics, specifically minerals economics, to the management of global mining companies. It covers volatile price forecasting, cost analysis, investment decisions, and the social, environmental, and developmental impacts of mining.

Includes bibliographical references and index.

eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - Worldwide