Mine & Mineral Economics
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Follow on Instagram for UpdatesMine & Mineral Economics Syllabus — Unit-wise Content
The official GTU curriculum for Mine & Mineral Economics (subject code 2182201) as prescribed for Mining · Semester 8 divides the course into 6 units, covering 35 listed topics. The unit-wise breakdown below is read from the GTU syllabus document for this subject code, so you can check what the course actually covers before deciding which papers to attempt.
Download the official syllabus PDF (2182201)Unit 1 Introduction
- Economic importance of the mineral industry
- mining economy
- risky nature of the mining industry
- State and the mining industry
- national mineral policy
- taxes and duties
- imports and exports
Unit 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
Unit 3 Loss of mineral in mining
- Classification and incorporation of losses
- coefficient of completeness of mineral extraction
- dilution and recovery
Unit 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
Unit 5 Mine Sampling
- Theory of sampling
- method of sampling employed in different cases
- precaution to be taken
- 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
Unit 6 Mine Valuation
- Different methods and their application
- depreciation and amortisation and redemption of capital
- Life of mine
- its present value
- Reports on valuation
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