Advanced Mineral Economics and Project Evaluation - MINE8790

Faculty: Faculty of Engineering

School: School of Mining Engineering

Course Outline: http://www.mining.unsw.edu.au/

Campus: Kensington Campus

Career: Postgraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 0

CSS Contribution Charge: 2 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

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.