Possibilities for Using the Effects Method in Mining Projects Assessment

Sorin-Iuliu Mangu () and Ilie Răscolean ()
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Sorin-Iuliu Mangu: University of Petrosani, Romania
Ilie Răscolean: University of Petrosani, Romania

Annals of the University of Petrosani, Economics, 2013, vol. 13, issue 1, 165-172

Abstract: Some distinctive essential aspects, characterizing most mining projects - the high level of investment effort, the major impact upon turning to good account of a significant part of the national wealth (the useful mineral deposits), the extremely limited character of the state’s available resources (the only one to finance such projects) - have transferred the problem of their financial evaluation from a microeconomic level to a macroeconomic one. A macroeconomic assessment supposes an identification and quantification of all effects taken by two fundamental alternatives - “with” or “without” a project, at a social and economical scale. On this assertion there could be determined the added value corresponding to each way, the alternative having the highest added value will be considered feasible.

Keywords: mining projects; macroeconomic assessment; effects method (search for similar items in EconPapers)
JEL-codes: D24 (search for similar items in EconPapers)
Date: 2013
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