Authors: Maria Belarmina Diaz Aguado, Celestino Gonzalez Nicieza
Addresses: School of Mines, University of Oviedo, Independencia, 13. 33004 Oviedo, Spain. ' School of Mines, University of Oviedo, Independencia, 13. 33004 Oviedo, Spain
Abstract: This paper describes a new experimental index (the Project Evaluation Index (PEI)), defined to evaluate mining projects. The methodology is based on the use of cash flow charts to calculate the net values of investment projects. The proposal is to apply this methodology not only to economic aspects but also to the social situation, in addition to environmental and associated risks, and creating the corresponding flowcharts. These flowcharts thus express the difference between units of two kinds: the positive contribution of a certain project and the units that a project would subtract when being carried out.
Keywords: mining projects; environmental assessment; sustainable development; social value; sustainability; project evaluation; cash flow charts; net value.
International Journal of Environment and Pollution, 2008 Vol.33 No.2/3, pp.336 - 359
Published online: 11 Jul 2008 *Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article