POSSIBILITIES FOR USING THE EFFECTS METHOD IN MINING PROJECTS ASSESSMENT

• Main Authors: SORIN-IULIU MANGU, ILIE RĂSCOLEAN
• Format: Article
• Language: English
• Published: University of Petrosani 2013-10-01
• Series: Annals of the University of Petrosani: Economics
• Subjects: mining projects; macroeconomic assessment; effects method
• Online Access: http://www.upet.ro/annals/economics/pdf/2013/part1/Mangu-Rascolean-1.pdf

Some distinctive essential aspects, characterizing most mining projects - the high level of investment effort, the major impact upon turning to good account of a significant part of the national wealth (the useful mineral deposits), the extremely limited character of the state’s available resources (the only one to finance such projects) - have transferred the problem of their financial evaluation from a microeconomic level to a macroeconomic one. A macroeconomic assessment supposes an identification and quantification of all effects taken by two fundamental alternatives - “with” or “without” a project, at a social and economical scale. On this assertion there could be determined the added value corresponding to each way, the alternative having the highest added value will be considered feasible.