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Subject professor
Term consultation:

wednesday 13-14

E-mail: zoran.gligoric@rgf.bg.ac.rs

Evaluation of Underground Mines

Course Description

Study program: Underground Mining of Mineral Deposits (X semester -DAS)

Name of subject: Evaluation of Underground Mines

Instructors: Dr Zoran Gligorić, Dr Čedomir Beljić

Status: Compulsory


Prerequisites: BSc

Course Objectives: After learning the course the students should be able to evaluate the value of underground mine

Learning Outcomes: Underground Mining Engineer-Decision maker


Theory teaching
General approach to mine evaluation. Discounted cash flow. Handling inflation. Risk analysis. Risk quantification. Black -Sholes option analysis. Multicriteria decision making.

Practical teaching
Time value of money. Nominal and effective rates. Present value. Discounted cash flow. Internal rate of return. Discount and interest rate. Cost of capital. Accounting for inflation. NPV and IRR. Option analysis.

Suggested Reading List

  1. Ching Lai Hwang, Kwangsun Yoon: Multiple Attribute Decision Making ISBN 3-540-10558-1;
  2. С.Јанковић и Д.Миловановић: Економска геологија и основи економике минералних сировина ,1995 РГФ у Београду
  3. Вељко Симеуновић,(1995):Пројектовање рудника са подземном, РГФ у Београду
  4. D.W. Gentry, T.J.O`Neil: Mine Investment Analysis ISBNO-89520-429-0;
  5. Barry F. Anderson: The Three Secrets of Wise Decision Making ISBN 0-97-22177-0-3;

Fund Hours:

Lectures Exercises Other forms of teaching Study research
2 2 0 0

Conduct of the Course: Lectures

AssessmentОцена знања:

Final Exam ECTS
Oral Exam 30
Classwork Assessment ECTS
Class Participation 10
Practical Classes 20
Seminars 40

Additional Assessment Criteria -