New Mining Projects ù Expectations and Outcomes

When preparing an appraisal, valuation or feasibility study for a new mining project it is difficult to imagine the technical, economic, social and environmental context that the project will occupy in ten or 15 years time. This paper is about our ability to foresee the future, the choices available now in matching the project to that future context, and about the flexibility that exists in adapting the project to a changing environment. The author draws upon his experience of project reviews, valuations and feasibility studies in the mid to late 1980s in Australia and New Zealand to explore how the project context has changed since key decisions were made and what this tells us about decisions made today for future projects.