SME publication covers mineral deposit evaluations

By |  May 25, 2017

The Society for Mining, Metallurgy & Exploration (SME) launched its newest publication, “Risk Management in Evaluating Mineral Deposits,” which offers a suite of tools to help determine whether investing in a mining project makes sense for your company.

According to SME, the publication is authored by Jean-Michel Rendu, a mining professional with a strong background in technical and financial studies, risk assessment and statistics.

Rendu offers a comprehensive guide to determine when to invest, when to demand a plan that reduces the risks and increases the chance of a positive outcome, and when to walk away.

The book covers a number of topics, including mining as a business, what may have gone wrong, the definition and public reporting of mineral assets, life-of-mine cycle and risk factors, risk assessment using Monte Carlo simulation, evaluating multistage projects, risk tolerance and utility function, and project utility and the triple bottom.

SME is a professional society whose members represent all professions serving the mining, minerals and underground construction industries in more than 100 countries.

Order the book here.

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About the Author:

Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.

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