Mine Economics

Teacher

Arun Kumar Sahoo

Category

Core Courses

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Course Name : Mine Economics

Code(Credit) :CUTM1113(2-0-0)

Course Objectives

  • Exposure to National Mineral policy, pricing Exports and imports.
  • Fundamental principles of Mine economics
  • Estimation of reserves, classification of reserves, tenor, grade etc..
  • Mine Valuation, factors affecting mine evaluation.

Learning Outcomes

  • Knowledge on National Mineral Policy and economic modeling..
  • Importance and relevance of Sampling in mineral Industry..
  • Estimation of mine reserves and mine life cycle.
  • Analyse the mine valuation and process.

Course Syllabus


MODULE I
Introduction
Role of mining and mineral industry in national economy, special features of mineral industry, essential and strategic minerals of India and their economic significance.

MODULE II
National Mineral Policy
Appraisal of Mineral Resources, Pricing policy, Exports and Imports, taxation and subsidies, conservation of Minerals.

MODULE III
Time Value of Money
Value at constant point, discontinued cash flow analysis, discount factors (risk and uncertainty), inflation.

MODULE IV
Capital and Operating Cost
Machine Life and Operating Cost first principal cost modelling.

Module V
Cost Effective Mining Scheme
Systematic planning process and economic data at each phase of Mining cycle.

Reference Books
1 - Mine and Mineral Economics -Subash C.Ray, Indra N Sinha.

Session Plan

Session 1

LECTURE:
Role of mining and mineral industry in national economy, special features of mineral industry
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Session 2

LECTURE:
essential and strategic minerals of India and their economic significance.
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Session 3

LECTURE:
essential and strategic minerals of India and their economic significance.

Session 4

LECTURE:
Appraisal of Mineral Resources, Pricing policy, Exports and Imports
WEB LINKS:

Session 5

LECTURE:
LAppraisal of Mineral Resources, Pricing policy, Exports and Imports
WEB LINKS:

Session 6

LECTURE:
taxation and subsidies, conservation of Minerals.
WEB LINKS:

Session 7

LECTURE:
taxation and subsidies, conservation of Minerals.

WEB LINKS:

Session 8

LECTURE:
Value at constant point, discontinued cash flow analysis
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Session 9

LECTURE:
Value at constant point, discontinued cash flow analysis
WEB LINKS:

Session 10

LECTURE:
discount factors (risk and uncertainty), inflation
WEB LINKS:

Session 11

LECTURE:
discount factors (risk and uncertainty), inflation

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Session 12

LECTURE:
Machine Life and Operating Cost first principal cost modelling
WEB LINKS:

Session 13

LECTURE:
Machine Life and Operating Cost first principal cost modelling
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Session 14

LECTURE:
Machine Life and Operating Cost first principal cost modelling
WEB LINKS:

Session 15

LECTURE:
Systematic planning process and economic data at each phase of Mining cycle.
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Session 16

LECTURE:
Systematic planning process and economic data at each phase of Mining cycle.
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Session 17

LECTURE:
Systematic planning process and economic data at each phase of Mining cycle.
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Session 18

LECTURE:
Systematic planning process and economic data at each phase of Mining cycle.

WEB LINKS:

Session 19

LECTURE:
Systematic planning process and economic data at each phase of Mining cycle.
WEB LINKS:

Session 20

LECTURE:
Systematic planning process and economic data at each phase of Mining cycle.
WEB LINKS:

Session 21

LECTURE:
Systematic planning process and economic data at each phase of Mining cycle.
WEB LINKS:

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