Abstract
Since mining activities depend on natural conditions, there are more risks in mining investment projects than other industrial projects. Therefore, in order to ensure that the mineral resources are used efficiently, a risk assessment is required before the implementation of any mining project. The decision to invest in a mining project is usually made on the basis of classical method; however, the use of the assumed parameters in these methods can give erroneous evaluation results. The main purpose of this study is to examine the risk level of mining investment projects, based on the Monte Carlo method. To evaluate the risks of the projects on probability basis, a new program named UnRisk has been developed in DELPHI.
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