Mineral economics 320

Modulekode PME 320
Kwalifikasie Undergraduate
Fakulteit Faculty of Engineering, Built Environment and Information Technology

The objective is for the student to understand fundamental economic theory pertaining to the mineral and mining industry and its overall effects on the broader South African economy.  The student will be able to interpret and understand company annual results.  The student should be able to understand and apply the SAMREC/SAMVAL code during the evaluation and classification of resources and reserves.  The student should understand the effect of supply and demand pertaining to the mineral and mining industry (micro and macro economic factors).  To understand the unique aspects related to marketing of minerals with reference to the cyclic nature of the industry.  Apply economic and engineering reasoning to specific problems in the minerals and mining industry so as to analyse and interpret the opportunities and threats facing this industry.  To understand and apply the fundamentals of technical mine valuation, including mineral rights, prospecting methods, sampling, mass and mineral content of ore as well as management and control factors.  The latter include controlling and managing of widths, stoping width versus tramming and milling width, ore dilution, mine call factor and cut-off grade.

Modulekrediete 16.00
Prerequisites No prerequisites.
Contact time 4 lectures per week, 1 tutorial per week
Language of tuition Module is presented in English
Department Mining Engineering
Period of presentation Semester 2

Die inligting wat hier verskyn, is onderhewig aan verandering en kan na die publikasie van hierdie inligting gewysig word.. Die Algemene Regulasies (G Regulasies) is op alle fakulteite van die Universiteit van Pretoria van toepassing. Dit word vereis dat elke student volkome vertroud met hierdie regulasies sowel as met die inligting vervat in die Algemene Reëls sal wees. Onkunde betrefffende hierdie regulasies en reels sal nie as ‘n verskoning by oortreding daarvan aangebied kan word nie.

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