B.Tech IV Year I Semester (R16)
To familiarize the student with economic issues related to mining
industry such as mine valuation, mine accounts, application of geo-statistical techniques, assaying, estimation of ore reserves, preparation assay plants etc.
Any industry’ economics depends largely on profit besides other
parameters, and mining is no exception. Details of the course enable the student to understand various issues related to finance /Accounts starting from project planning stage presentation of account, balance sheet etc as outcome of the course
The Mineral Industry: Economic characteristics of the mineral industry in India and world , the place of minerals in the national and international economy.
Brief survey of India’s mineral resources in the world setting with special reference to its need and deficiencies.
Mining companies and mine Accounts: Structure, formation and capitalization, principles of book keeping as applied to the mining industry presentation of accounts, balance sheets and profit and loss accounts, Depreciation DCF, IRR. Mine Valuation: Mineral reserves mining reserve and profit examination and report on mines.
Mineral property planning valuation of mines, Mine properties, mine investments. Project planning and project evaluation. Sampling: Principles of sampling off prospect sampling methods classification and description, statistical and geo statistical techniques in mine sampling, sampling and grading of coal.
Assaying: Five methods of assaying for gold and silver cupellation Scarification, etc. wet assaying, theory, principle methods of wet assaying of copper aluminum, lead, zinc, Iron Manganese and Chromium ores. Insitu assay. Preparation of Assay Plans: Longitudinal section, calculation or ore reserve.
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