GTU Study
KHUDKIBOOK
MINE ECONOMICS
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DI05022071
Code: DI05022071
Credits: 4
Semester 5
CSE
Mine Economics
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Follow on Instagram for UpdatesMine Economics Syllabus — Unit-wise Content
The official GTU curriculum for Mine Economics (subject code DI05022071) as prescribed for CSE · Semester 5 divides the course into 5 units, covering 60 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 (DI05022071)Unit 1 Introduction of India’s Mineral Wealth
- 1.1 Definition of mineral and mineral deposit
- Characteristics of mineral resources
- Difference between mineral resource and reserve
- Factors affecting mineral wealth of a country
- Brief idea of mineral policy in India. 1.2 Classification of Minerals: Based on Composition
- Based on Utility
- Atomic and minor minerals (Basic Concept) 1.3 Role of Minerals in National Economy: Mineral Resources of India
- Contribution of Minerals to Industrial Development
- Minerals and Foreign Trade
- Sustainable Use and Conservation of Minerals
- Government Policies and Mineral Development
- Future Scope of Mineral Resources. 1.4 Conservation and Sustainable Utilization of Minerals: 1.4.1 Need for mineral conservation
- Causes of mineral wastage in mines. 1.4.2 Methods of conservation: Scientific mining
- Utilization of low- grade ores
- Recycling and reuse
- Substitution of minerals. 1.5 Overview of National Mineral Policy
Unit 2 Mineral Reserves Estimation Method
- 2.1 Concept of economic feasibility in reserves 2.2 Role of various grades in economic valuation of reserves: Pit head grade
- Milling grade
- Run off mine grade
- Program Name: Diploma Engineering Level: Diploma Branch: Mining Engineering Subject Code: DI05022071 Subject Name: Mine Economics 2.3 Classification of Reserves: Need for reserve classification
- Meaning and Reliability of Proved (Measured) reserves
- Probable (Indicated) reserve
- Possible (Inferred) reserves. 2.4 Factors Affecting Reserve Estimation: Geological Factors
- Sampling Accuracy
- Grade of Ore, Economic Factors
- Cut-off Grade
- Environmental and Legal Factors
Unit 3 Materials Management in Mining
- 3.1 Introduction to Materials Management in Mining: Definition and concept of materials management
- Objectives and Importance of materials management in mining operations. 3.2 Functions of Materials Management: Purchasing and procurement
- Receiving and inspection of materials
- Storage and preservation
- Issue and distribution of materials. 3.3 Cost Control through Materials Management: Reduction of material wastage
- Efficient use of materials
- Impact on mine profitability. 3.4 Role of Materials Management in Mine Economics: Cost reduction in mining operations
- Efficient utilization of resources
- Contribution to overall mine productivity and profitability. 3.5 Problems and Challenges in Materials Management in Mines: Delay in supply of materials
- Overstocking and understocking
- Transportation and storage issues
Unit 4 Rare Earth Minerals in Economy
- 4.1 Economic importance of Rare Earth Minerals (REM) in term of availability
- Valuation and specific needs. 4.2 Economic Importance of Rare Earth Minerals: Role in modern industries and advanced technology
- Importance in electronics
- renewable energy and communication systems
- Contribution to industrial and economic development. 4.3 Rare Earth Mineral Resources in India: Reserve availability in India
- Role of government organizations in exploration and development
- Contribution to India’s mineral economy. 4.4 Environmental Issues in Rare Earth Mining: Environmental impact of rare earth mining
- Waste management and radiation issues
- Sustainable mining practices
- Program Name: Diploma Engineering Level: Diploma Branch: Mining Engineering Subject Code: DI05022071 Subject Name: Mine Economics 4.5 Government Policies and Development Initiatives: Mineral policies related to rare earth elements
- Role of public sector organizations in India
- Efforts to reduce dependency on imports
Unit 5 Valuation of Mining Property
- 5.1 Valuation of Mining Property: Meaning of mine valuation
- Purpose and importance of mine valuation
- Basic concept of economic evaluation of mines
- Discounted Cash Flow (DCF) methods: (Basic Concept) of Net Present Value (NPV) and Internal Rate of Return (IRR) (Basic Concept) 5.2 Steps for Valuation and Cost Estimation: Steps involved in mine valuation
- Data required for valuation 5.3 Factors considered in mine valuation. 5.4 Risk factors associated with mine valuation: Geological
- Technical and Economic Risks. 5.5 Depreciation: Meaning and concept
- Importance of depreciation in mining equipment and assets
- causes of depreciation
- Methods of calculating depreciation: Straight Line Method
- Reducing Balance Method. 5.6 Simple numerical examples
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