B.Tech IV Year II Semester (R18)
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The students will have knowledge on estimation and valuation of mineral deposits.
They will possess about project appraisal, finance and accounting.
Introduction: Mineral industry and its role in national economy; world and national mineral resources; Mining - A unique investment environment; special risk factors in mine investment and evaluation; national mineral policy.
Ore Reserve Estimation: Methods of sampling, sampling frequency; analysis of sampling data, estimation of reserves, introduction to geo-statistica l methods, classification of reserves.
Mine Valuation: Time value of money; annuity; redemption of capital, net present value; depletion allowance; depreciation; inflation; escalation; rates of return; Hoskold’s Two rate method; capital and operating cost including wages, incentives, material, etc.; assets; liabilities; cash flows and discounted cash flow; profitability index – their implications in mine economic evaluation.
Project Appraisal: Methods of project evaluation – pay back, annual value, benefit/cost ratio, ERR and IRR, etc., evaluation of exploratory mining areas and operating mines; mine project financing, its risks and constraints; mine taxation; critical impact of depreciation, depletion, type of funding, reserves, life, etc. on mine profitability.
Finance and accounting: Sources of mine funds – shares, debentures, fixed deposit, sinking fund, capital gearing, P & L account, balance sheet, typical case studies of mine feasibility. Cost estimation of individual mining operations and overall mining cost, cost control methods.
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