Mine and Mineral Economics (2182201)   Old Code : 182201

Syllabus

Sr. Topics Teaching Hours Module Weightage
1
Introduction:
Economic importance of the mineral industry; mining economy, risky nature of the mining industry, State and the mining industry; national mineral policy. Royalty, taxes and duties; imports and exports.
6
12 %
2
Evaluation of Mineral Deposits:
Mineral resource concept, classification and estimation. Conservation of mineral resource scope and limitations. Standard controlling factors, calculation of tonnage factors and mineable ore limitations, Ore classification
7
15 %
3
Loss of mineral in mining:
Classification and incorporation of losses; coefficient of completeness of mineral extraction; dilution and recovery.
8
16 %
4
Cost of mining
Capital and operating costs; factors affecting operating cost; methods of estimating future costs; standard cost and forecast; budget and budgetary control.
8
16 %
5
Mine Sampling:
Theory of sampling, method of sampling employed in different cases, precaution to be taken; Reduction, Calculation of overage reef values and widths; average stopping values and width and average milling values and widths; estimation of average-tonnages and value in mine-percentage sorted, percentage recovered, sampling procedure and precaution of sampling alluvial deposits and dumps, estimation of reserves.
12
26 %
6
Mine Valuation
Different methods and their application; depreciation and amortisation and redemption of capital; Life of mine; its present value, Reports on valuation
7
15 %