MIME 325 — Mineral Industry Economics

Geographical distribution of mineral resources. Production, consumption and prices of minerals. Market structure of selected minerals. Economic evaluation aspects: grade-tonnage considerations; capital and operating cost estimation; assessment of market conditions; estimation of revenue; taxation; sensitivity and risk analyses; economic optimization of mine development and extraction.

• Credits: 3
• Faculty: Faculty of Engineering
• Department: Mining & Materials Engineering
• Prerequisite: FACC 300.