Mining Project Feasibility Study (5cr)

Objective

After completion of the course the student should be able to understand the content of feasibility study, calculate economical conditions and profitability for mining project, describe and explain differences in feasibility studies of different project stages. The student also understands and is able to evaluate the quality of feasibility studies. This involves addressing the underlying technical principles, applying these to mineral projects and demonstrating how these influence the financial modelling. The student will be able prepare an economical calculation for feasibility study of the mining project and calculate free cash flow to it.

Content

Role of different feasibility studies; Guidelines and criteria for resource and reserve classification. Sources of technical information for feasibility study industry-level information; Quality requirements of technical and economicalinformation; Pre-production planning and optimization of the rate of mining in relation to the size of the resource; Mining methods; Importance of dilution, waste rock ratio, recovery and net smelter return; Estimation of operating and capital costs.

Qualifications

Prerequisites and co-requisites Courses on economy and mining engineering are suggested

Assessment criteria, satisfactory (1)

The course unit utilizes a numerical grading scale 1-5. In the numerical scale zero stands for a fail.

Further information

Language of instruction English Timing 1st year in Master's degree, 4th period Target group Students in the MEMP Mineral Processing study option Person responsible Dr Raul Mollehuara Canalas, Prof. Saija Luukkanen, together with lecturers

Execution methods

Mode of delivery Lectures and exercises

Accomplishment methods

Exercises and final exam, or participation to the lectures plus exercises and literature summary