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Mineral Economics

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code541-0262/05
Number of ECTS Credits Allocated5 ECTS credits
Type of Course Unit *Choice-compulsory
Level of Course Unit *First Cycle
Year of Study *Third Year
Semester when the Course Unit is deliveredWinter 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
DUR20Ing. Miloš Duraj, Ph.D.
KUN109doc. Ing. Antonín Kunz, Ph.D.
Summary
Mineral economics and geological exploration, development and mining of the
mineral deposits and mineral processing of the raw materials. Extraneous
influences functioning on the mineral industry (mineral pricing and mineral markets, legislative changes, technological changes). Estimation of the recoverable reserves and their assessment, investment analysis of the geological exploration and development of the mineral deposits. Assessment of the mining companies and the mineral deposits. Government and mineral policy,
exploration and mining companies and mineral economics, mineral markets and
mineral pricing. Mineral and energy policy, international organizations and the
mineral policy.
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.
Course Contents
1 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 Raw material base of the state as a starting point determining its mineral policy.
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.
13 Energy policy and energy security of the state.
14 Czech Republic and mineral economics.
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.
Malečková, V., Sivek, M., Jirásek, J: Vybrané příklady z ekonomiky nerostných surovin. Ministerstvo školství, mládeže a tělovýchovy ČR & Vysoká škola báňská – Technická univerzita Ostrava, 2012.


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
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Exercises evaluation and ExaminationCredit and Examination100 (100)51
        Exercises evaluationCredit33 17
        ExaminationExamination67 18