Many money-making schemes involve several businessmen seated at a table during lunch talking about potential investments until one of them exclaims about one with a very high ROI after doing the calculations on a napkin. While much more intricate formulas exist to help calculate the rate of return on investments accurately, ROI is lauded and still widely used due to its simplicity and broad usage as a quick-and-dirty method.
The metric can be applied to anything from stocks, real estate, employees, to even a sheep farm anything that has a cost with the potential to derive gains from can have an ROI assigned to it. Before any serious investment opportunities are even considered, ROI is a solid base from which to go forth. In finance, Return on Investment, usually abbreviated as ROI, is a common, widespread metric used to evaluate the forecasted profitability on different investments.
The programs must include information about the mining operation and set out operational controls to achieve appropriate mine completion outcomes to support the rehabilitation of land affected by mining operations. Tenement holders are required to operate mining operations in accordance with an approved operational program. The Act provides a mechanism to ensure there are sufficient funds set aside to meet these potential liabilities in the form of financial assurance. The Department for Energy and Mining (DEM) is responsible for ensuring financial liabilities from unrehabilitated mining activities do not become the responsibility of the people of South Australia. Under the Mining Act 1971 (the Act) the holder of a mining tenement is responsible for the rehabilitation of land disturbed by mining operations.