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Campus: Kensington Campus
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Career: Postgraduate
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Units of Credit: 6
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Contact Hours per Week: 0
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Description
Review of general mineral economics theory and more detailed review of mining industry economics, leading to commercial evaluation of the market opportunities and problems of mining projects. Commodities: supply and demand; business cycles; exchange rates; metal and coal markets and hedging; long-term contracts and the spot market; commodity pricing and mine revenue calculation. Sources and types of market-related information; particular international market characteristics; trade barriers; cartels, regional and sub-regional economic groups; factors related to particular mineral commodities. The recognition of export opportunities; stages in the development of a market strategy; value added mineral products and export marketing. Case histories; in-course evaluation of market impact on a specific mining project.
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