The course provides an understanding of management principles and perspectives that can be applied in mining. The Mine Economics component of this course reflects the fact that mining is an economic activity. It will cover the principles and techniques of project evaluation and the construction of fully integrated and internally consistent technical/financial computer models of mining projects. The Business Systems component will cover issues vital to a mine manager's successful running of a mining enterprise.

On completion of the course the student should be able to demonstrate a sound working knowledge of: the time value of money; discounted cash flow evaluation techniques; technical/financial model examples and assignments; commodity markets, revenue estimation, risk analysis and project financing; company financial statements and underlying accounting principles; the feasibility study process; determination of economic cut-off grades and resources and reserves estimation; legal aspects of managing a mine; and, theory and processes of management including human behaviour, industrial relations, contracts & contractors, financial statements & financial ratios, and management in an international context.