Mineral Resources Economics and Management

Basic principles of mineral economics: production of mineral commodities; mineral demand; pricing of minerals; mineral markets; trading in minerals. Elements of engineering economy applied to the minerals industry: evaluation of investments in existing plants (equipment/technology replacement, plant reconstruction, plant merger); optimal plant size and life of a mine; optimum facility location; fair market value of a plant; risk analysis in project evaluation. Basicsof the management of an industrial organization: scientific management principles; organization design; role of management; power and leadership; management of humanresources in an industrial environment.