Note: This is an archived Handbook entry from 2010.
|Dates & Locations:|| |
This subject has the following teaching availabilities in 2010:Semester 1, Parkville - Taught on campus.
Timetable can be viewed here. For information about these dates, click here.
|Time Commitment:||Contact Hours: 1 one hour lecture + 1 two hour practical per week Total 36 hours. |
Total Time Commitment:
|Recommended Background Knowledge:|| Students undertaking this subject will be expected to be competent in the use of Microsoft Excel or alternative spreadsheet software. |
|Non Allowed Subjects:|| None |
|Core Participation Requirements:||For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit |
CoordinatorProf Priyan Mendis
Melbourne School of Engineering Office
Building 173, Grattan Street
The University of Melbourne
VIC 3010 Australia
General telephone enquiries
+ 61 3 8344 6703
+ 61 3 8344 6507
+ 61 3 9349 2182
+ 61 3 8344 7707
|Subject Overview:||The primary objectives of the subject are to familiarise students with the way in which economically important minerals are formed and identified, and the broad economic environment in which the mining industry operates, and to provide a framework to assist in the financial evaluation and optimisation of a mineral project. This subject covers the time value of money, discounted cash flows, financial statements, project evaluation, capital and operating cost estimation, cut-off grade theory, Monte Carlo simulation, valuation and capital investment decision making. It will benefit students wishing to continue academic studies as well as resource sector professionals seeking to broaden their skills to move into senior management roles.|
|Objectives:||On completion of this subject, the students should have developed the skills and knowledge to understand the theoretical fundamentals of mineral economics and to apply them to practical mining applications. Specifically, they should have a solid understanding of current project evaluation and optimisation techniques. Furthermore they should be able to undertake discounted cash flow analysis and assess alternative investment options.|
|Prescribed Texts:|| |
R Brealey & S. Myers, Principals of Corporate Finance, McGraw Hill, 2000.
|Breadth Options:|| |
This subject is not available as a breadth subject.
|Fees Information:||Subject EFTSL, Level, Discipline & Census Date|
On completion of this subject, the students should have developed:
|Notes:||Students will need access to a calculator or preferably a PC/laptop with spreadsheet software to conduct evaluation analysis.|
Graduate Certificate in Engineering (Environmental Engineering) |
Master of Mining Engineering
Postgraduate Certificate in Engineering
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