Risk Management in Evaluating Mineral Deposits

by Jean-Michel Rendu (Author)

Don't invest in a mining project until you've read Risk Management in Evaluating Mineral Deposits.

Mining is not for the fainthearted. Yes, the rewards are enormous. But so are the risks–and consequences–of failure. Risk Management in Evaluating Mineral Deposits walks you through the many-faceted risk evaluation you need to conduct before you invest your hard-earned dollars.

Written by a mining professional with a strong background in technical and financial studies, risk assessment, and statistics, this book provides a detailed suite of tools so you can determine whether investing in a mining project makes sense for you. Looking at a host of issues–the composition of the ore deposit, the management's previous record, the quality of the information at hand, and your own risk-tolerance comfort level, to name a few–author Jean-Michel Rendu provides a comprehensive guide to determine when to invest with high confidence, when to demand a plan that reduces the risks and increases the chances of a positive outcome, and when to just walk away.

This book will have relevance for many years. Unlike others, Rendu factors in not just financial but environmental and social aspects to evaluate the triple bottom line. He shows you why your project needs a different evaluator for each of these three legs and how to combine their evaluations to make one decision. As more and more government agencies and communities insist on these types of metrics, this focus will help keep you up-to-date in a rapidly changing world and increase the possibility that your investment will generate profits even in this complex, uncertain, and time-constrained industry.

About the Author
Jean-Michel (J-M) Rendu is an independent consultant supplying services to the international mining industry. J-M retired from Newmont Mining Corporation in 2001 as vice president of resources and mine planning with worldwide responsibility for corporate and mine-site mining engineering activities, and for estimation and reporting of resources and reserves. Before joining Newmont, J-M was an associate consultant with Golder Associates; an assistant professor with the University of Wisconsin-Madison; head of operations research with Anglovaal, Johannesburg, South Africa; and systems analyst with Kennecott Copper Corporation.

J-M graduated from École des Mines de Saint-Étienne in 1966 and obtained M.S. and Eng.Sc.D. degrees from Columbia University in the City of New York. He authored more than 50 technical papers on deposit modeling, mine engineering, estimation of resources and reserves, and U.S. and international regulatory requirements for public reporting. He is the author of An Introduction to Geostatistical Methods of Mineral Evaluation, published by the South African Institute of Mining and Metallurgy in 1978 (second edition, 1981) and An Introduction to Cut-off Grade Estimation, published by SME in 2008 (second edition, 2014).



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