A NEW MODEL FOR EVALUATING THE MINING PROJECTS FROM THE EMPLOYMENT POINT OF VIEW

Novelty of the approach is, first, the proposal to assess the value of a mining project in aggregate income criteria as defined by Keynes. For this you have to do research and application efforts to shift costs to the concepts and structures presented in a previous chapter that would be a basis for defining a new cost structure that allows calculation of aggregate income. A second issue that requires a different way to evaluate a mining project is to express quantities in two units (money and labor) and the "final production" mining unit as the quantity of labor employed. To apply concepts and reasoning in evaluating mining projects Keynes tried to clarify the features of mining projects on the start and end of a mining project and the project life. Without those details is not possible to apply proper reasoning for decisions on short and long term costs and revenue projections as defined during the project life.