A Financial Analysis and Policy Simulation Model for Coal Mining Developments

CIM Bulletin, Vol. 74, No. 827, 1981
FRANK C. BASHAM and PHILIPPE MONIER, Mineral Economics Division, Ministry of Energy, Mines and Petroleum Resources Victoria, British Columbia
Abstract This paper outlines the scope and applications of 'COALMOD', the British Columbia Ministry of Energy, Mines and Petroleum Resources' computerized financial simulation model for coal mining developments. After a description of the computer system and language of implementation, the logic and scope of current model sub-routines are presented. This is followed by a presentation of examples on the current applications of the model to public policy evaluation, including benefit-cost analysis, fiscal analysis and evaluation of the effects of public infrastructure investments made in support of mining projects.
Keywords: Economic simulation, Computer modelling, Taxation, Policy, Financial analysis, Investment analysis, Coal mining, British Columbia.
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