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Advanced Mineral Economics and Project Evaluation - MINE8790 | ||||||||||||||||||||||||||||||||||||||
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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