The Economics of Mining
The Economics of Mining
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In our eReader you can find the full English version of the book. Read The Economics of Mining Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Economics of Mining
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The autocrat, seated in his office chair at some financial center, in his endeavor to direct the operation of some score or more mines, often attaches undue importance to mere items of cost (which are seldom strictly comparable for any two mines) and 344 THE ECONOMICS OF MINING pays little if any attention to the practical mining ability of those in charge of the operations. Should not the ability to discover ore, or even not to lose it, when discovered, rank fully as high as mere cost of produ...c- tion? The most elaborate cost system ever devised will never successfully displace mining skill acquired by years of close, intelligent observation and experience in actual mining work. I have known mines where the cost of producing and milling or marketing a ton' of ore was steadily lowered by one expedient or another; but somehow, before the total cost reached a minus quantity profits vanished, the stockholders kicked, or something else happened, a strike, like as not, and the mine was eventually leased, with results entirely satis- factory to the stockholders.
What to read after The Economics of Mining?
You can find similar books in the "Read Also" column, or choose other free books by T a Thomas Arthur Rickard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The autocrat, seated in his office chair at some financial center, in his endeavor to direct the operation of some score or more mines, often attaches undue importance to mere items of cost (which are seldom strictly comparable for any two mines) and 344 THE ECONOMICS OF MINING pays little if any attention to the practical mining ability of those in charge of the operations. Should not the ability to discover ore, or even not to lose it, when discovered, rank fully as high as mere cost of produ...c- tion? The most elaborate cost system ever devised will never successfully displace mining skill acquired by years of close, intelligent observation and experience in actual mining work. I have known mines where the cost of producing and milling or marketing a ton' of ore was steadily lowered by one expedient or another; but somehow, before the total cost reached a minus quantity profits vanished, the stockholders kicked, or something else happened, a strike, like as not, and the mine was eventually leased, with results entirely satis- factory to the stockholders.
What to read after The Economics of Mining?
You can find similar books in the "Read Also" column, or choose other free books by T a Thomas Arthur Rickard to read onlineMoreLess
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