541-0111/07 – Mineral Economics (ENS)

Gurantor departmentDepartment of Geological EngineeringCredits4
Subject guarantordoc. Ing. Antonín Kunz, Ph.D.Subject version guarantordoc. Ing. Antonín Kunz, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Study languageCzech
Year of introduction2021/2022Year of cancellation
Intended for the facultiesHGFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
KUN109 doc. Ing. Antonín Kunz, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2
Part-time Credit and Examination 8+8

Subject aims expressed by acquired skills and competences

Goal of the subject is to provide knowledge to the university student, so he/she will be able to understand given points at issue good enough to analyse its content, to realise synthesis of the acquired information and its evaluation. This sciential base allow student to compare results of the synthesis, propose modifications and solve the problems of the Mineral Economics.

Teaching methods



Mineral economics and geological exploration, development and mining of the mineral deposits and mineral processing of the raw materials. Extraneous influences functioning on the mineral industry (mineral pricing and mineral markets, legislative changes, technological changes). Estimation of the recoverable reserves and their assessment, investment analysis of the geological ¨ exploration and development of the mineral deposits. Assessment of the mining companies and the mineral deposits. Government and mineral policy, exploration and mining companies and mineral economics, mineral markets and mineral pricing. Mineral and energy policy, international organizations and the mineral policy.

Compulsory literature:

GOCHT, Werner, H. ZANTOP a Roderick G. EGGERT. International mineral economics: mineral exploration, mine valuation, mineral markets, international mineral policies. London: Springer-Verlag, 1988. 271 p. ISBN 0-387-18749-9. MacDonell, L.J., Bates S.F. (eds.) : Natural resources policy and law. Washington, Island Press, 1993. Evans A. M.: Ore Geology and Industrial Minerals. Blackwell Science Ltd., Malden /Oxford/Carlton, 1993, 389 pp. Thomas, L.: Coal Geology. Chichester: John Wiley & Sons, 2002. 385 pp.

Recommended literature:

RUNGE I.C.: Mining Economics and Strategy. Society for Mining, Metallurgy, and Exploration Inc., 1998. Kesler S. E.: Mineral Resources, Economics and the Environment. Prentice Hall, 1994, 391 pp. United States Geological Survey (USGS) : International Mineral Statistics – States : http://minerals.usgs.gov/minerals/pubs/country/ Mineral Commodity Summaries : http://minerals.usgs.gov/minerals/pubs/mcs/

Way of continuous check of knowledge in the course of semester

Processing of semester programs. Credit is awarded on submission of all properly developed award exercises with active participation. The condition for the examination is fulfilled credit. The exam is oral with written preparation.


E-learning is possible with the use of electronic teaching material.

Other requirements

The study of recommended literature.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. Introduction to mineral economics and the structure of the mineral economics. 2. Exploitation of the mineral deposits and mineral economics, fundamentals legislation of the exploitation of the minetral deposits. 3. Goals and strategy of the exploitation of the mineral deposits, forms of the economic assessment mineral deposits. 4. Derivation of a economicallly mineable reserves of the mineral deposits. 5. Analysis and investment assessment. 6. Investment analysis and exploitation of the minerál deposits. 7. Basic characteristic and goals of the pricing mining company property. 8. Estimation of the mining company yield value, value of the reserves in the mineral deposit, results of the pricing mining company yield value and their interpretation. 9. Mineral markets and their participants and organization 10. Mineral pricing and influences on supply of the raw materials. 11. Fundamental principles of the mineral policy. 12. International organizations and the mineral policy. 13. Energy policy and energy security of the state. 14. Czech Republic and mineral economics

Conditions for subject completion

Full-time form (validity from: 2021/2022 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 33  17
        Examination Examination 67  18
Mandatory attendence parzicipation: attendance at lectures recommended, other forms of teaching min. 75%

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2022/2023 (N0532A330041) Applied Geology K Czech Ostrava 1 Compulsory study plan
2022/2023 (N0532A330041) Applied Geology P Czech Ostrava 1 Compulsory study plan
2022/2023 (N0724A290013) Water – Strategic Resource K Czech Ostrava 2 Compulsory study plan
2022/2023 (N0724A290013) Water – Strategic Resource P Czech Ostrava 2 Compulsory study plan
2021/2022 (N0724A290013) Water – Strategic Resource P Czech Ostrava 2 Compulsory study plan
2021/2022 (N0724A290013) Water – Strategic Resource K Czech Ostrava 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner