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Oct 31, 2024
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MINE 411 - Mine Economics (2 units)
Introduction to management accounting principles, balance sheet and income statement, depreciation, depletion and cash flow. Financial evaluation using present value theory, equipment evaluation and replacement. Risk and sensitivity analysis.
Recommended Preparation: ECON 102; MINE 361.
Grading Basis: Graded
Units of Lecture: 2
Offered: Every Fall
Student Learning Outcomes
Upon completion of this course, students will be able to:
1. apply engineering economic principals to after tax analysis of equipment replacement decisions.
2. determine cash flow, PV, DCFROR, etc., for case study mining examples.
3. communicate the development of the after tax cash flow statement and the effects of depreciation, depletion, mine exploration and development expenditures, etc., on the cash flow statement.
4. communicate the importance of engineering economics.
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