Exploration and Mining Geology 2 - The Economic Framework

Exploration and Mining Geology 2 - The Economic Framework

Areas of Study: Exploration and Geology

Qualifies for CMS

Qualifies for Certification

The Economic Framework is a course for exploration and mining geologists. It provides an overview and insight into the economic framework within which mineral properties and projects must be estimated and evaluated. This course is the second in a suite of five Exploration and Mining Geology courses.

Author:

Online Course Online Courses

Enroll for Access to All Online Courses

Enrollees have access to all self-paced online courses.

Certification available for Not Available
  • Audience Level:
  • Professional
  • Enrollment:
  • Required
  • Duration:
  • 10 hours

Course Summary

Introduction

The Exploration and Mining Geology suite of courses uses the concepts and practices of applied geology as its central theme, here is a balanced and comprehensive treatment of the geological, geochemical, geophysical, and economic elements of exploration and mining. Offers an overview of the methods and aims in mineral exploration and production and gives coverage of the geologic principles of ore deposits and the geomorphic environment. Deals with "hard" minerals and the nonfluid sources of materials and energy in the continental masses and in ocean basins.

Exploration and Mining Geology 2 - The Economic Framework is the second in a suite of five courses; other courses in the suite are "The Geologic Baseline", "Surface Geologic Data", "Underground Geologic Data and Reserves Estimation", and "The Geologist's Role in Exploration and Mining". Topics covered in this course include Mines and Mineral Economics, Ore Value and the Concept of an Orebody, Engineering Economy Analysis in Exploration and Mining. The course includes numerous examples, reference tables and author references and has been extensively integrated with the Dictionary of Mining, Mineral and Related Terms for terminology reference purposes.

For the geologist, engineer or project manager, this course provides an overview and insight into the economic framework within which mineral properties and projects must be estimated and evaluated.

Course Content

Exploration and Mining Geology 2 - The Economic Framework consists of 10 viewing sessions of 30 - 60 minutes each with supporting figures, tables and examples, plus extensive appendices and interactive course reviews. Course duration is equivalent to approximately 10 hours of viewing content.

Learning Outcomes

  • Discuss the impact of market demand, government influence, mining laws, taxation and time and place on exploration and mining.
  • Discuss the constraints of mineral processing, recoverable value, transportation, marketing and existing mining infrastructure.
  • Discuss the time value of money and methods for estimating the profitability of exploration and mining projects.
  • Apply the knowledge gained to planning and evaluation of exploration and mining projects.

Recommended Background

  • A degree in geology, mining engineering or related discipline.
  • Completion of Exploration and Mining Geology 1 - The Geologic Baseline (recommended).

William C. Peters

Dr. William C. Peters is a geologist and Emeritus Professor of Geological Engineering, College of Mines, University of Arizona. During World War II, he served with the U.S. Army in Europe. In 1948 he received a M.S. Degree in Geology from the University of Colorado and joined the New Jersey Zinc Company as mining geologist at their Gilman, Colorado mine. He received his Ph.D. from the University of Colorado in 1957. He worked in exploration and mine development for the FMC Corporation. From 1960-64, he was Chief Geologist at Kennecott's Bingham Canyon Mine. In 1964 he joined the newly established Department of Mining and Geological Engineering at the University of Arizona, teaching courses in mining geology, mineral exploration, and mine evaluation until he retired in1982. He is the author of a popular, practical textbook and field manual Exploration and Mining Geology (1978, 1987).