The Business of Mining: A brief non-technical exposition of the principles involved in the profitable operation of mines

"The Business of Mining" by Arthur J. Hoskin is a non-technical exposition on mining principles written in the early 20th century. The book aims to demystify the mining industry by providing insights into the processes, challenges, and economic factors involved in profitable mining operations. The author lends his expertise as a mining engineer, educator, and member of professional societies to establish mining as a legitimate business venture rather than a mere speculative endeavor. The opening of the work introduces the reader to the complexities of the mining industry, outlining the common misconceptions and issues faced by both investors and operators. Hoskin highlights the allure and potential pitfalls of mining as a business, emphasizing the importance of informed decision-making based on knowledge and experience. He discusses the definitions of key terms such as "mine" and "mining," differentiating between profitable operations and mere prospects. The author's aim is to encourage readers to pursue mining ventures with the same diligence and caution they would apply to any other business, setting the tone for the discussions that will follow in the subsequent chapters.