MINE407 MINE VALUATION
| Course Code: | 5650407 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (2.00 - 2.00) |
| ECTS Credit: | 5.0 |
| Department: | Mining Engineering |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Assoc.Prof.Dr. ONUR GÖLBAŞI |
| Offered Semester: | Fall Semesters. |
Course Objectives
- This course is designed to introduce the mining engineering students how to use mine valuation to arrive at a better decision in mining industry problems.
- It teaches the students fundamentals of reserve evaluation techniques, investment analysis and their application in assessing the feasibility of the mine investments.
Course Content
Concept of mine valuation, appraisal and feasibility. Mineral inventory and reserve estimation. Revenue and cost concepts and procedures in the mineral industry. Economic evaluation techniques and depletion, taxation, inflation and finance for mining investment proposals.
Course Learning Outcomes
Upon successful completion of the course, students should be able to:
- Evaluate a mineral resourse using different drill hole interpretation techniques
- Determine the amount and grade of an ore reserve using conventional and geostatistical methods.
- Create variograms of ore grades and thickness
- Create ore reserve block models and make ore grade estimations using software packages.
- Draw cash flow diagrams and find present value of an investment
- Measure the worth of an investment and compare different investment alternatives
- Make depreciation, depletion and tax analysis of investments
- Make break-even and sensitivity analysis of investments
Program Outcomes Matrix
| Contribution | |||||
| # | Program Outcomes | No | Yes | ||
| 1 | An ability to identify, formulate, and solve complex engineering problems by applying principles of engineering, science, and mathematics | ✔ | |||
| 2 | An ability to apply engineering design to produce solutions that meet specified needs with consideration of public health, safety, and welfare, as well as global, cultural, social, environmental, and economic factors | ✔ | |||
| 3 | An ability to communicate effectively with a range of audiences | ✔ | |||
| 4 | An ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts | ✔ | |||
| 5 | An ability to function effectively on a team whose members together provide leadership, create a collaborative and inclusive environment, establish goals, plan tasks, and meet objectives | ✔ | |||
| 6 | An ability to develop and conduct appropriate experimentation, analyze and interpret data, and use engineering judgment to draw conclusions | ✔ | |||
| 7 | An ability to acquire and apply new knowledge as needed, using appropriate learning strategies | ✔ | |||