Mineral Economics Mining 5th Sem Syllabus for VTU BE 2017 Scheme (Professional Elective-I)

Mineral Economics detail syllabus for Mining Engineering (Mining), 2017 scheme is taken from VTU official website and presented for VTU students. The course code (17MN551), and for exam duration, Teaching Hr/week, Practical Hr/week, Total Marks, internal marks, theory marks, duration and credits do visit complete sem subjects post given below.

For all other mining 5th sem syllabus for be 2017 scheme vtu you can visit Mining 5th Sem syllabus for BE 2017 Scheme VTU Subjects. For all other Professional Elective-I subjects do refer to Professional Elective-I. The detail syllabus for mineral economics is as follows.

Course Objectives:

This course will enable students to:

1. Gain knowledge on role of mineral industry in national economy, national mineral policy, financial management and cost accounting applicable to mining industry.
2. Comprehend sampling, classification of ore reserves and resources.
3. Learn various methods of ore reserve estimation and mine valuation.
4. Evaluate the economic feasibility of a mining project.

Module 1
For complete syllabus and results, class timetable and more pls download iStudy. Its a light weight, easy to use, no images, no pdfs platform to make students life easier.

Module 2

Sampling: Definition, purpose, scope, common methods of sampling, types of samples, errors in sampling. Estimation of reserves: Classification of reserves, tenor, grade. Preparation of assay plans, various methods of ore reserve estimation and problems on ore reserves

Module 3

Mine Valuation -1 : Factors affecting mine valuation, life of mine, redemption of capital, project assessment by D.C.F., net present value methods, Hoskold’s two rate formula. Mine valuation – 2: mining fixed costs, operating costs, feasibility study, project evaluation, depreciation, problems on mine valuation and depreciation.

Module 4
For complete syllabus and results, class timetable and more pls download iStudy. Its a light weight, easy to use, no images, no pdfs platform to make students life easier.

Module 5

Cost Accounting: Introduction, need for cost accounting, elements of cost, overheads, allocation of over heads, breakeven analysis. Budget and Budgetary control: Definition of budget, Principle of budget and budgetary control, types of budgets.

Course Outcomes:

At the end of the course students will have:

1. An overall knowledge of mineral industry and related policy issues, basics of financial and cost accounting aspects.
2. An ability to select proper sampling method and to classify the ore reserve and resources.
3. An ability to compute ore reserve and value of a mining project.
4. An ability to evaluate the economic feasibility of a mining project given the geological, mining and financial parameters.

Text Books:

1. Mineral and Mine Economics by R.T. Deshmukh, Myra Publications, Nagpur, 1986.
2. Mineral Economics by N.L.Sharma and Sinha, Oxford and IBH, 1992.

Reference Books:

1. Mineral Economics by Truscot, John Wiley and Sons, Inc, 1987.
2. Mining Geology by Arogyaswamy. R.N.P. 4th edition, Oxford and IBH, 1992.
3. Prospecting for Atomic Minerals by Knoerr, A.W. and Lutgetn. GP. Oxford and IBH, 1992.
4. Industrial Management O.P. Khanna, DhanpatRai and Sons, 1999.

For detail syllabus of all other subjects of BE Mining, 2017 regulation do visit Mining 5th Sem syllabus for 2017 Regulation.

Dont forget to download iStudy for latest syllabus and results, class timetable and more.