|
|
| MDM7114 | Economic Analysis and Market. in Mining | 3+0+0 | ECTS:7.5 | | Year / Semester | Fall Semester | | Level of Course | Third Cycle | | Status | Elective | | Department | DEPARTMENT of MINING ENGINEERING | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Prof. Dr. Ali Osman YILMAZ | | Co-Lecturer | None | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | The aim of the course: evaluation of mineral deposits, economic life of a mine and optimum determination of annual production. Investment costs, production cost, methods of marketing in mining, premiums and penalties. |
| Programme Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | PO - 1 : | formulate and solve time value of money problems | 3,4 | 1 | | PO - 2 : | determine and obtain data to solve mineral economic problems using appropriate techniques | 3,4 | 1 | | PO - 3 : | evaluate multiple alternatives the optimum one | 3,4 | 1 | | PO - 4 : | understand the importance of making appropriate economic decisions | 3,4 | 1 | | PO - 5 : | recognize the importance of mineral economic decisions in a global and societal context | 3,4 | 1 | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), PO : Learning Outcome | | |
| Evaluation of mineral deposits. Estimates of ore tonnage from boreholes. Criteria of opening a mine and risk analysis. Economic life of a mine and optimum determination of annual production. Investment costs. Depreciation. Production costs. Efficiencies and productivity. Methods of marketing in mining. Policies in mineral marketing. Methods of sampling. Premiums and penalties. |
| |
| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Introduction | | | Week 2 | Metal prices | | | Week 3 | Calculation of Volume and Tonnage of Ore Deposit | | | Week 4 | Weighting and Grade Determination | | | Week 5 | Dealing with Data for Mult-Element Deposits | | | Week 6 | Calculation of the Net Smeltin Return | | | Week 7 | Calculation of the cost data | | | Week 8 | Mid-term exam | | | Week 9 | Additional Economic Planning Methods | | | Week 10 | Economic evaluation | | | Week 11 | Economic evaluation | | | Week 12 | Sensitivity analysis | | | Week 13 | Midterm 2 | | | Week 14 | Comparision of Deposits | | | Week 15 | Calculation of Growth rates | | | Week 16 | End-of-term exam | | | |
| 1 | Wellmer, F.W.1989, Economic Evaluations in Exploration, Springen-Verlag, ISBN 978 3-540-50924-0 Heidelberg, Berlin | | | 2 | Wellmer, F.W., Dalheimer, M., Wagner, M.,2008, Economic Evaluations in Exploration, Second Edition, ISBN 978-3-540-50924-0 | | | |
| 1 | Gentry, D. W. and T. J. O'neil, 1984; Mine Investment Analysis, SME Publishing | | | 2 | Köse, H.; Kahraman, B., 1992; Maden İşletme Ekonomisi, Dokuz Eylül Üniversitesi, Mühendislik Fakültesi Yayınları, No 223, İzmir | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 8 | | 2 | 30 | | In-term studies (second mid-term exam) | 13 | | 2 | 20 | | End-of-term exam | 16 | | 2 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 5 | 14 | 70 | | Arasınav için hazırlık | 4 | 8 | 32 | | Arasınav | 2 | 7 | 14 | | Kısa sınav | 1 | 8 | 8 | | Dönem sonu sınavı için hazırlık | 4 | 6 | 24 | | Dönem sonu sınavı | 2 | 5 | 10 | | Total work load | | | 200 |
|