| Effective Term: | 2024/20 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Company Economics and Finance |
| Unit ID: | ENGIN5510 |
| Credit Points: | 15.00 |
| Prerequisite(s): | Nil |
| Co-requisite(s): | Nil |
| Exclusion(s): | (ENMIN5150) |
| ASCED: | 030303 |
| Other Change: | |
| Brief description of the Unit |
This unit qualifies participants to apply an advanced body of knowledge in the area of mineral economics and equips them with highly developed skills for research and enquiry. Students enrolled in this unit will be able to apply the body of knowledge to a range of contexts within the mining industry enabling them to undertake professional or highly skilled work within the mining industry and allow them to undertake further study. |
| Grade Scheme: | Graded (HD, D, C, P, MF, F, XF) |
| Work Experience Indicator: |
| No work experience |
| Placement Component: | |
| Supplementary Assessment:No |
| Supplementary assessment is not available to students who gain a fail in this Unit. |
| Course Level: |
| Level of Unit in Course | AQF Level(s) of Course | | 5 | 6 | 7 | 8 | 9 | 10 | | Introductory | | | | | | | | Intermediate | | | | | | | | Advanced | | | |  | | |
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| Learning Outcomes: |
| Knowledge: |
| K1. | Review capital and operating costs for mining systems employed in the mining industry. |
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| K2. | Recognise and interpret the relationship between mining costs and revenues. |
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| K3. | Identify and analyse the effect of time on the determination of the feasibility of mining projects. |
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| Skills: |
| S1. | Appraise, consolidate and synthesise knowledge and identify and provide solutions to complex mine problems. |
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| S2. | Evaluate complex ideas in mineral economics. |
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| S3. | Select appropriate tools (that may include software) to solve problems in mineral economics. |
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| Application of knowledge and skills: |
| A1. | Design a mining system/project from an economics perspective. |
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| A2. | Interpret the economical viability of mining projects. |
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| Unit Content: |
Topics may include:
1. In depth analysis of techniques employed in the mining industry, focussing on the estimation of capital and operating costs and the impact of limited information on the estimation of these.
2. Taking into account time in economic feasibility determination for mines.
3. Mining Project Analysis: accounting for uncertainty.
4. Production Economics: Production from orebody extensions at marginal cost; Equipment maintenance and replacement decisions; Optimisation of blasting patterns; The cost of secondary breaking; Cost control systems and reporting. |
| Graduate Attributes: |
| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K1-3, S1-3, A1 | Numerical and conceptual tasks | Written assignments | 50-60% | | 2. | K1-3, S1-3, A2 | Evaluation of a mining project | Project report and associated Excel files | 40-50% |
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