IDEAS home Printed from
   My bibliography  Save this article

Optimization of mining by application of the equality principle


  • Stenis, Jan
  • Hogland, William


This paper shows how the equality principle can be applied to traditional mining activities as a theoretical economic basis for "environmentally friendly" waste management of natural resources. A cost structure is proposed to generally improve the exploitation of the natural resources and save energy due to the promotion of corporate economic incentives to a more cost-effective waste management related to these resources. The methodology proposed is based on the cost-benefit analysis concept. It employs the previously introduced equality principle and the model for Efficient Use of Resources for Optimal Production Economy (EUROPE) featuring shadow prices so as to optimize the mining slope and the ore-concentration when utilizing the resources of the rock and provide management with a one digit indicator of the performance of a certain mining activity to get in just once glance an instant comprehension of their mine's overall performance. This approach simultaneously improves the profitability, the technology used and the environment. A case study presents the practical application of the proposed theory on a Swedish copper mine. It is concluded that the presented methodology improves the exploitation of natural resources in mainly technological, economical and environmental terms. The methods that are developed are regarded as being suitable information support tools for decision-making in waste management and optimization of the exploitation of natural resources in the corporate and public context.

Suggested Citation

  • Stenis, Jan & Hogland, William, 2011. "Optimization of mining by application of the equality principle," Resources Policy, Elsevier, vol. 36(3), pages 285-292, September.
  • Handle: RePEc:eee:jrpoli:v:36:y:2011:i:3:p:285-292

    Download full text from publisher

    File URL:
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    1. Zephyr, 2010. "The city," City, Taylor & Francis Journals, vol. 14(1-2), pages 154-155, February.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:36:y:2011:i:3:p:285-292. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.