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Mineral Economics and Business
Online
12 Weeks
Free Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 1000 | yes | IIT Kharagpur |
The Syllabus
Mineral industry
- Public and Private Entrepreneurship;
- Organization of mining enterprises;
- Mineral resources and reserves, Mineral resource estimation techniques;
- United Nations Framework Classification for Resources(UNFC) and JORC classification,
Economic minerals, Critical minerals in the development of nation;
- Techno-economic feasibility studies;
Cut-off grade, dilution and recovery, mineral conservation and development;
- Time value of money,
- Determining appropriate discount rate;
- Consumer price index, Effects and inflation, Real and nominal interest rates;
- Discounted cash-flow concept, Net present value and Internal Rate of Return (IRR),
- Cost-accounting in mining operations, Cost-volume-profit analysis, Depreciation and Amortization;
- Introduction to mining finance, non-banking mine finances and stock operations; Quantification and management of mining investment risk.
- Coal grade and pricing, Average Sale Price (ASP) fixing for metalliferous ores
Mining lease, Mineral auction, Cost of mine closure;
- Taxation system applied to the mining industry, National Mineral Policy;
- Introduction to mineral trade and business management.