Sustainable growth and valuation of mineral reserves
The annual change in the value of an in-ground mineral is equal to the increase or decrease of inventories ("reserves"), multiplied by the market value of a reserve unit. The limited shrinking resource base does not exist. Its inter-generational optimizing is a phantom problem. If there is...
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| Format: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/50217 |
| _version_ | 1811073029084545024 |
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| author | Adelman, Morris Albert |
| author2 | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
| author_facet | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Adelman, Morris Albert |
| author_sort | Adelman, Morris Albert |
| collection | MIT |
| description | The annual change in the value of an in-ground mineral is equal to the increase or decrease of inventories ("reserves"), multiplied by the market value of a reserve unit. The limited shrinking resource base does not exist. Its inter-generational optimizing is a phantom problem. If there is any "Hotelling rent" it is captured by the reserve market value, which is created by investment in knowledge (exploration) and in productive facilities (development). There are problems of concepts and data. But examples for recent years suggest that mineral value changes are small. |
| first_indexed | 2024-09-23T09:27:29Z |
| format | Working Paper |
| id | mit-1721.1/50217 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T09:27:29Z |
| publishDate | 2009 |
| publisher | MIT Center for Energy and Environmental Policy Research |
| record_format | dspace |
| spelling | mit-1721.1/502172019-04-11T05:55:46Z Sustainable growth and valuation of mineral reserves Adelman, Morris Albert Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. The annual change in the value of an in-ground mineral is equal to the increase or decrease of inventories ("reserves"), multiplied by the market value of a reserve unit. The limited shrinking resource base does not exist. Its inter-generational optimizing is a phantom problem. If there is any "Hotelling rent" it is captured by the reserve market value, which is created by investment in knowledge (exploration) and in productive facilities (development). There are problems of concepts and data. But examples for recent years suggest that mineral value changes are small. 2009-12-16T00:01:23Z 2009-12-16T00:01:23Z 1994 Working Paper 94010 http://hdl.handle.net/1721.1/50217 35721420 MIT-CEEPR (Series) ; 94-010WP. 30 p application/pdf MIT Center for Energy and Environmental Policy Research |
| spellingShingle | Adelman, Morris Albert Sustainable growth and valuation of mineral reserves |
| title | Sustainable growth and valuation of mineral reserves |
| title_full | Sustainable growth and valuation of mineral reserves |
| title_fullStr | Sustainable growth and valuation of mineral reserves |
| title_full_unstemmed | Sustainable growth and valuation of mineral reserves |
| title_short | Sustainable growth and valuation of mineral reserves |
| title_sort | sustainable growth and valuation of mineral reserves |
| url | http://hdl.handle.net/1721.1/50217 |
| work_keys_str_mv | AT adelmanmorrisalbert sustainablegrowthandvaluationofmineralreserves |