PřF:G6981k Projects of exploration of MR - Course Information

G6981k Projects of exploration and production of mineral resources

Extent and Intensity

2/1/0. 3 credit(s). Recommended Type of Completion: zk (examination). Other types of completion: z (credit).
Taught in person.

Teacher(s)

doc. Mgr. Jan Cempírek, Ph.D. (lecturer)
RNDr. Dan Štěpánský (lecturer)
Mgr. Sebastián Hreus, Ph.D. (assistant)
Mgr. Vojtěch Wertich, Ph.D. (assistant)

Guaranteed by

doc. Mgr. Jan Cempírek, Ph.D.
Department of Geological Sciences – Earth Sciences Section – Faculty of Science
Contact Person: doc. Mgr. Martin Ivanov, Dr.
Supplier department: Department of Geological Sciences – Earth Sciences Section – Faculty of Science

Timetable

Fri 8. 10. 13:00–16:00 G1,01004, Fri 26. 11. 12:00–16:00 Gp,02006, Fri 7. 1. 10:00–12:00 G2,02003

Prerequisites

! G6981 Projects of exploration of MR && ! NOW ( G6981 Projects of exploration of MR ) && ((!( PROGRAM ( B - GE )|| PROGRAM ( N - GE )|| PROGRAM ( D - GE4 )|| PROGRAM ( D - GE )|| PROGRAM ( C - CV ))) || ( NOW ( G0101 Occupational healt and safety )&& NOW ( C7777 Handling chemical substances )))
Principles of economic geology.

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

there are 32 fields of study the course is directly associated with, display

Course objectives

The course complements the courses of economic geology by adding the basics of the best theory and practice in building, evaluating and analyzing exploration/production projects. The purpose of the course is to provide the students with the knowledge and practical skills vital for a start of the career either as a consultant or a project team member within commercial entities in the Czech Republic and abroad. The lecture series will focus on how to determine the input parameters of a project (reserves, production, price and relevant costs) within the existing legislation frame. Special attention will be paid to the risk management of important project variables. Principles of project economic and business evaluation using standard international techniques will be covered. The course will be finished by completion and presentation of a simple commercial project prepared either by an individual or a small group of students.

Learning outcomes

Upon successful completion of the course the students will understand the principles and basic requirements of building exploration and production projects within the existing legal framework and business risks.
They will also be able to determine and defend technical and economical input and output parameters of projects.
Special skills acquired during the course include ability of expert discussions on project parameters, especially evaluation methods of the reserves volume and categories, details of the production of natural resources and economic parameters of the project.

Syllabus

• Mineral resources industry in the historical and international context.
• Types of ownership and access to mineral resources and reserves, and their historical evolution.
• State regulations of exploration and production, the current Czech mining law.
• Commercial project and its terminology and structure (acquisition price, revenue, royalty, OPEX, CAPEX, depreciation, income tax, EBIT, EBITDA, EBT; profit vs. cash flow).
• Reserves and resources calculations and their categories.
• Bore wells and general groundwater utilization projects, their technical parameters and project completion within the Czech legislation framework.
• Revenue, risk, liquidity of a project. Risk analyses and management, expected value, decision trees.
• Payout, project investment appraisal using DCF methods and the related terminology: FV, PV, NPV method, IRR method and their comparison.
• Impact of inflation and taxation to the projects.
• Case study: a simple exploration/production project.

Literature

• Developments in economic geology. Amsterdam: Elsevier.
• POHL, Walter. Economic geology : principles and practice : metals, minerals, coal and hydrocarbons - introduction to formation and sustainable exploitation of mineral deposits. Chichester: Wiley-Blackwell. xii, 663. ISBN 9781444336634. 2011. URL info
• EVANS, Anthony. An introduction to economic geology and its environmental impact. Oxford: Blackwell Science. ix, 364. ISBN 086542876X. 1997. info

Teaching methods

Lectures, class discussions, project preparation.

Assessment methods

Case study preparation and presentation.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught once in two years.
Information on the per-term frequency of the course: Bude otevřeno v podzimním semestru 2021/2022.

Listed among pre-requisites of other courses

• G6981 Projects of exploration and production of mineral resources
  !G6081k && !NOW(G6981k) && ((!(PROGRAM(B-GE)||PROGRAM(N-GE)||PROGRAM(D-GE4)||PROGRAM(D-GE)||PROGRAM(C-CV))) || (NOW(G0101)&&NOW(C7777)))  

• Enrolment Statistics (autumn 2021, recent)
  
• Permalink: https://is.muni.cz/course/sci/autumn2021/G6981k