Pamukkale University Journal of Engineering Sciences (Jan 1997)

THE EVALUATION AND SELECTION OF INVESTMENT PROJECTS IN MINING

  • Tibet CEBESOY,
  • Mustafa GÖZEN

Journal volume & issue
Vol. 3, no. 1
pp. 267 – 275

Abstract

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For both short and long term mine planning, the evaluation of alternative investment projects and the selection of most feasible one among alternative projects, are important studies, which should be carefully managed. Although, to a significant extent, it may be advantegeous that there are a number of investment evaluation techniques for studies. However, the different results provided by these techniques cause optimum decisions a difficult task to be made. In this paper, net present value and internal rate of return methods are examined and with an illustrative example, the results obtained from both techniques are critically interpreted.

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