Application Of Engineering Economics Methods To Decision Making In Mineral Processing

Mineral processing options and technical innovations should be financially assessed. Indeed technical feasibility alone does not offer an adequate process selection criterion. An appraisal by the use of engineering economics principles leads to a more efficient evaluation and selection of feasible mineral processing solutions. Financial consequences of different options synthesised by profitability indices allow better decision making. Selected examples derived from real world problems are used to illustrate the potential of engineering-economics methods applied to mineral processing.