Skip to main content
Skip header

Essential of Minerals Economics

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

Course Unit Code545-0183/01
Number of ECTS Credits Allocated5 ECTS credits
Type of Course Unit *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
CER25Ing. Igor Černý, Ph.D.
Summary
The course deals with a summary of activities by which the state influences the search for and use of domestic sources of raw materials, including secondary raw materials, their economical and rational use and acquisition of raw materials abroad in order to ensure the operation of the economy. The course deals with the raw material base of the Czech Republic for mineral deposits. Attention is paid to the process of raw material acquisition and economic evaluation of mineral deposits.
Learning Outcomes of the Course Unit
The student clarifies the issues of raw materials policy of the state and understands them in the context of its economy. The student describes the process of acquisition and distinguishes its individual phases. The student economically evaluates minerals.
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.
Recommended or Required Reading
Required Reading:
BULLOCK, 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.
EUROPEAN COMMISSION. EU principles for sustainable raw materials.Luxembourg : Publications Office of the European Union, [2021].ISBN 978-9-27642-145-0.
EUROPEAN COMMISSION. European innovation partnership on raw materials : annual monitoring report 2020.Luxembourg : Publications Office of the European Union, [2021].ISBN 978-9-27645-212-6.
RUNGE, Ian Charles. Mining economics and strategy. Littleton: Society for Mining, Metallurgy, and Exploration, c1998. ISBN 0-87335-165-7.
SIVEK, Martin. Ekonomika nerostných surovin. Ostrava: VŠB - Technická univerzita Ostrava, 2007. ISBN 978-80-248-1467-4.
MALEČKOVÁ, Veronika, Martin SIVEK a Jakub JIRÁSEK. Vybrané příklady z ekonomiky nerostných surovin [CD-ROM]. Ostrava: Vysoká škola báňská - Technická univerzita Ostrava, 2012. ISBN 978-80-248-2827-5. http://geologie.vsb.cz/loziska/loziska/index.html
RUNGE, Ian Charles. Mining economics and strategy. Littleton: Society for Mining, Metallurgy, and Exploration, c1998. ISBN 0-87335-165-7.
Recommended Reading:
EUROPEAN COMMISSION. Development of a guidance document on best practices in the extractive waste management plans : circular economy action.Luxembourg : Publications Office of the European Union, [2019].ISBN 978-9-27600-037-2.
FEČKO, Peter, ed. Mineral raw materials and mining activity of the 21st century: November 25-27, 2003, VŠB-TU Ostrava, Czech Republic. Part I. Ostrava: VŠB - Technical University of Ostrava, Faculty of Mining and Geology, [2003]. ISBN 80-248-0246-5.
FIZAINE, Floriant. Mineral Resources Economy 1 : Context and Issues. 1st ed.Wiley-ISTE, [2021].pp. 272.ISBN 978-1-11985-084-7.
TILTON, John E. a Juan Ignacio GUZMÁN. Mineral economics and policy. New York: RFF Press Routledge, 2016. ISBN 978-1-317-55877-4.
KARPÍŠEK, Jindřich. Oceňování báňských podniků a ložisek nerostů. 2. vyd. V Praze: Vysoká škola ekonomická, Institut oceňování majetku, 2002. ISBN 80-245-0295-X.
SYNEK, Miloslav. Manažerská ekonomika. 4., aktualiz. a rozš. vyd. Praha: Grada Publishing, 2007. Expert. ISBN 978-80-247-1992-4.
Planned learning activities and teaching methods
Lectures, Tutorials, Project work
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Credit and ExaminationCredit and Examination100 (100)51
        CreditCredit30 17
        ExaminationExamination70 34