Unit 1 Introduction

5 lecture hours

• Economic importance of the mineral industry
• mining economy
• risky nature of the mining industry
• State and the mining industry
• national mineral policy

Unit 2 Mineral resource

8 lecture hours

• classification and estimation
• Mineral inventory: concept
• characteristic features
• composition and economic significance
• estimation of life index
• Mineral consumption and substitution
• market survey and demand analysis
• Conservation of mineral resource: scope and limitations

Unit 3 Loss of mineral in mining

• Classification and incorporation of losses
• coefficient of completeness of mineral extraction
• dilution and recovery

Unit 4 Mine Sampling

6 lecture hours

• purpose and scope
• sampling methods and computations
• Selection of sampling procedure
• Size and Spacing of samples
• Sample preparation
• Errors in sampling

Unit 5 Cost of mining

5 lecture hours

• Capital and operating costs
• factors affecting operating cost
• methods of estimating future costs
• standard cost and forecast
• budget and budgetary control

Unit 6 Mine finance

4 lecture hours

• Capital –its importance
• various forms and formation
• mine accountancy and book keeping

Unit 7 Mine examination and valuation

• Examination and valuation of mines/mineral properties
• Different methods and their application
• amortisation and redemption of capital
• Hoskold’s and modern concepts
• Present value computation
• Reports on valuation

Unit 8 Mine Taxation

• Meaning of taxation
• Objectives of taxation
• Principles of mines taxation
• Mining taxation structure
• Mineral sector taxation methods
• Rationale for mining specific taxation
• Mineral taxation in India and Abroad. 5 Subject Code: 3172210 w.e.f