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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 Code541-0262/06
Number of ECTS Credits Allocated5 ECTS credits
Type of Course Unit *Choice-compulsory
Level of Course Unit *Second Cycle
Year of Study *Second 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
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 the mineral economics and the basics of terminology
2. Structure of the mineral economics and their interdependence with other activities of the mining industry
3. Exploitation of the mineral deposits and mineral economics, participants of the mineral deposits exploitation
4. Fundamentals of the legislation of the minetral deposits exploitation
5. Goals and strategy of the exploitation of the mineral deposits, forms of the economic assessment mineral deposits
6. Derivation of a economicallly mineable reserves of the mineral deposits
7. Analysis and investment assessment
8. Investment analysis and phases of the mineral deposits exploitation
9. Basic characteristic and goals of the pricing mining company property
10. Mineral markets and their participants and their organization
11. Mineral markets and mineral pricing, influences on supply of the raw materials
12. Fundamental principles of the mineral and energy policy
13. Characteristic of the raw materials policy and energy security of the Czech Republic
14. nternational organizations and the raw materials 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.
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