Principles of Mining: Valuation, Organization and Administration

Valuation of Mineral Resources

This is the central and most extensively explored theme, addressing the critical challenge of accurately determining the economic worth of a mining property. Hoover meticulously details scientific methodologies like systematic sampling and chemical assaying, recognizing the inherent speculative nature of mineral deposits while advocating for rigorous, data-driven assessment to mitigate financial risk and ensure sound investment. He positions proper valuation as the foundational cornerstone for any successful and sustainable mining enterprise.

Organizational Structure and Efficiency

Hoover provides a meticulous blueprint for optimal organizational frameworks within mining operations, ranging from smaller ventures to large corporate structures. This theme explores the crucial importance of the division of labor, clear lines of authority, and the defined roles of various departments (e.g., engineering, finance, personnel, operations) in ensuring smooth, safe, and efficient operation. It reflects the burgeoning industrial ethos of the early 20th century, where principles of scientific management and hierarchical control were gaining significant traction across industries.