| Effective Term: | 2025/08 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Company Economics and Finance |
| Unit ID: | ENGRG4403 |
| Credit Points: | 15.00 |
| Prerequisite(s): | Nil |
| Co-requisite(s): | Nil |
| Exclusion(s): | (ENGIN5510) |
| 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: No |
| Supplementary Assessment:Yes |
| Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment |
| 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: |
| Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FEDTASKS (Transferable Attributes Skills and Knowledge) provide a targeted focus on five key transferable Attributes, Skills, and Knowledge that are be embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and Co-operative Learning opportunities. One or more FEDTASK, transferable Attributes, Skills or Knowledge must be evident in the specified learning outcomes and assessment for each FedUni Unit, and all must be directly assessed in each Course.
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| FED TASK and descriptor | Development and acquisition of FEDTASKS in the Unit | | Level | FEDTASK 1
Interpersonal | Students will demonstrate high-level skills to effectively communicate, interact and work with others both individually and in groups Students will be required to display (in person and/or online) high-level skills in-person and/or online in: • Effective verbal and non-verbal communication via a range of synchronous and asynchronous methods • Active listening for meaning and influencing • High-level empathy for others • Negotiating and demonstrating extended conflict resolution skills • Working respectfully in cross-cultural and diverse teams | 1 - Yes | FEDTASK 2
Leadership | Students will demonstrate the ability to apply leadership skills and behaviours Students will be required to display skills in: • Creating, contributing to, and enabling collegial environments • Showing self-awareness and the ability to self-reflect for personal growth • Inspiring and enabling others • Making informed and evidence-based decisions through consultation with others • Displaying initiative and ability to solve problems | 1 - Yes | FEDTASK 3
Critical Thinking and Creativity | Students will demonstrate an ability to work in complex and ambiguous environments, using their imagination to create new ideas Students will be required to display skills in: • Reflecting critically on complex problems • Synthesising, evaluating ideas, concepts and information • Proposing alternative perspectives to refine ideas • Challenging conventional thinking to clarify concepts through deep inquiry • Proposing creative solutions in problem solving | 1 - Yes | FEDTASK 4
Digital Literacy | Students will demonstrate the ability to work proficiently across a range of tools, platforms and applications to achieve a range of tasks Students will be required to display high-level skills in: • Finding, accessing, collating, evaluating, managing, curating, organising and appropriately and securely sharing complex digital information at a high-level • Receiving and responding to messages in a range of digital media • Using digital tools appropriately to conduct research • Contributing proficiently to digital teams and working groups • Participating in and utilising digital learning opportunities | 1 - Yes | FEDTASK 5
Sustainable and Ethical Mindset | Students will demonstrate the ability to think ethically and sustainably. Students will be required to display skills in: • The responsible conduct of research • Making informed judgments that consider the impact of devising solutions in multiple global economic environmental and societal contexts • Demonstrating commitment to social responsibility as a professional and a citizen • Generating research solutions which are sustainable,ethical, socially responsible and/or sustainable • Extending lifelong, life-wide and life-deep learning to be open to diverse others • Demonstrate extended actions to foster sustainability in their professional and personal life. | 1 - Yes |
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| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K1, K2, K3, S1, S2, S3, A1 | Numerical and conceptual tasks | Written assignments | 10-30% | | 2. | K1, K2, K3, S1, S2, S3, A2 | Evaluation of a mining project | Project report and associated Excel files/Presentation/Oral Assessment | 30-50% | | 3. | K2, K3, S1, S2, S3, A1, A2 | Final Test/Exam | Final Test/Exam/Presentation/Oral Assessment | 30-50% |
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