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Valuation of mineral deposits

Type of study Follow-up Master
Language of instruction Czech
Code 545-0188/01
Abbreviation OLNS
Course title Valuation of mineral deposits
Credits 5
Coordinating department Department of Economics and Control Systems
Course coordinator Ing. Markéta Laštůvková, Ph.D.

Subject syllabus

1. Fundamentals of mining and geological legislation
2. The complete production cycle in mining and its operational and investment financing
3. Legislative framework of property valuation in the Czech Republic
4. Valuation of property in the mining industry, valuation principles
5. Basic terminology in the valuation of deposits and mining companies
6. System concept of valued deposit and mining company
7. International Valuation Standards IVSC 2000
8. Methodology of valuation of deposit and property of mining company
9. Principles of determining the value of a mining company
10. Yield methods, calculation of free cash flow - FCFE method
11. Approaches to determining the discount rate and capitalization rate for real estate
12. Analytical relations for determining the value of deposit reserves
13. Syllabus of expert opinion on the valuation of the deposit and the value of the mining company's property, case study of mining company valuation - list of initial documents

E-learning

For communication beyond in-person lectures and exercises, the Moodle learning management system (lms.vsb.cz) is used. This platform facilitates communication not only between the instructor and students but also among students themselves.

Literature

BORA, Petr, Michal Vaněk a Kateřina Špakovská. RISK PREMIUM AND COST OF CAPITAL: APPLICATION IN MINING INDUSTRY. Košice: Technická univerzita v Košiciach, 2015, 76 s. ISBN 978-80-553-2261-2.
KOLLER, T., GOEDHART, M., WESSELS, D. Valuation: Measuring and Managing the Value of Companies. 7th edition. John Wiley & Sons, 2020. ISBN: 978-1-1196-1088-5 .
SINHA, Naresh Kumar a N. L. SHARMA. Mineral economics. Fourth edition. New Delhi: OxBULLOCK, Richard L. a Scott MERNITZ, ed. Mineral property evaluation: handbook for feasibility studies and due diligence. Englewood, Colorado: Society for Mining, Metallurgy & Exploration, [2018]. ISBN 978-0-87335-445-5 .ford & IBH Publishing Co. Pvt. Lld., [1988]. ISBN 81-204-0331-2 .

Advised literature

BLACKLEDGE, M. Introducing Property Valuation. 2nd Edition, Routledge, 2016. ISBN: 978-1-1389-2995-1 .
VENTOLO, W. L., WILLIAMS, R. M. Fundamentals of Real Estate. Appraisal 13th Edition. Dearborn Trade Pub, 2018. ISBN: 978-1-4754-6380-4 .
The JORC Code 2012 Edition.
Pan-European Code for Reporting of Exploration Results, Mineral Resources and Reserves (PERC).


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