Faculty of Mining and Geology

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ECTS Course Overview



Description of individual course units

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  • Level of Course Unit
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Course Unit CodeCourse Unit TitleNumber of ECTS Credits Allocated
541-0262/01Mineral Economics4 ECTS credits
Type of Course UnitChoice-compulsory
Level of Course UnitSecond Cycle
Year of StudyFourth Year
Semester when the Course Unit is deliveredSummer Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
SIV41prof. Ing. Martin Sivek, CSc.
JIR07Ing. Jakub Jirásek, Ph.D.
Learning Outcomes of the Course Unit
Goal of the subject is to provide knowledge to the university student, so he/she will
be able to understand given points at issue good enough to analyse its content, to
realise synthesis of the acquired information and its evaluation. This sciential base
allow student to compare results of the synthesis, propose modifications and
solve the problems of the mineral economics.
Recommended Optional Programme Components
Common optional components are not offered, students of special interest can participate in departmental activities or can arrange consulting hours with lecturer.
Course Contents
Introduction to mineral economics and the structure of the mineral economics.
2 Exploitation of the mineral deposits and mineral economics, fundamentals legislation of the exploitation of the minetral deposits.
3 Goals and strategy of the exploitation of the mineral deposits, forms of the economic assessment mineral deposits.
4 Derivation of a economicallly mineable reserves of the mineral deposits.
5 Analysis and investment assessment.
6 Investment analysis and exploitation of the minerál deposits.
7 Basic characteristic and goals of the pricing mining company property.
8 Estimation of the mining company yield value, value of the reserves in the mineral deposit, results of the pricing mining company yield value and their interpretation.
9 Mineral markets and their participants and organization.
10 Mineral pricing and influences on supply of the raw materials.
11 Fundamental principles of the mineral policy.
12 International organizations and the mineral policy.
Recommended or Required Reading
Required Reading:
Gocht, W.R.-Zantop, H.-Eggert, R.G.: International Mineral Economics. New
York, Berlin, Heidelberg, Spring - Verlag, 1988, 271 p.
Sivek, M.: Ekonomika nerostných surovin. Ostrava: VŠB – Technická univerzita, 2007. 206 s. + CD-ROM.
Gocht, W.R.-Zantop, H.-Eggert, R.G.: International Mineral Economics. New
York, Berlin, Heidelberg, Spring - Verlag, 1988, 271 p.
Recommended Reading:
Runge I.C.: Mining Economics and Strategy. Society for Mining, Metallurgy, and
Exploration Inc., 1998.
Karpíšek J.: Oceňování báňských podniků a ložisek nerostů. Vys. Škola
ekonomická Praha, Praha 2002.
Runge I.C.: Mining Economics and Strategy. Society for Mining, Metallurgy, and Exploration Inc., 1998.
Planned learning activities and teaching methods
Lectures, Tutorials
Assesment methods and criteria
Tasks are not Defined
Work placement(s)
Course does not contain work placement.

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