MINE423 : Mine Economics

Department

Department of Mining Engineering

Academic Program

Bachelor in Mining Engineering

Type

Compulsory

Credits

03

Prerequisite

GE127MinE323

Overview

General introduction: Minerals contributions to economic development, economic minerals, resources, reserves, new supplies, research demands, consumption, recycling and depletion, ore reserve estimation and grades; mineral sales prices projection and NSR , concept of time value of money, interest rate, inflation, and cost indices, estimating cost of mine development and ore production operation, and smelter schedule, cash flow construction, time diagram, tax structure, and project viability, spreadsheet computer applications, introduction to sensitivity and statistical analysis and review initial feasibility reports