ABSTRACT
Mining companies face numerous challenges in managing commodity price and environmental uncertainties.
We develop a framework to incorporate environmental, social, and fiscal uncertainties into the mineral investment decision-making process.
We develop new valuation techniques that promote sustainable and responsible mining with little or no impact to the environment.
We apply the real options analytical method to the valuation of three hypothetical mine projects under scenarios in Ghana, Tanzania, and South Africa.
The valuation model we have developed enhances the strategic planning and investment decision-making processes of mining companies in Africa.
