541-0925/02 – Mineral Raw Materials Economics (ENS)

Gurantor departmentDepartment of Geological EngineeringCredits10
Subject guarantordoc. Ing. Antonín Kunz, Ph.D.Subject version guarantordoc. Ing. Antonín Kunz, Ph.D.
Study levelpostgraduateRequirementChoice-compulsory type B
YearSemesterwinter + summer
Study languageEnglish
Year of introduction2020/2021Year of cancellation
Intended for the facultiesHGFIntended for study typesDoctoral
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 Examination 20+0

Subject aims expressed by acquired skills and competences

The objective of the course is to provide students with basic professional economic knowledge in a specific field of mineral economics. The student will get knowledge of the basic principles of both raw materials and energy security policy. After completing the course, the student will be able to understand the general process of acquiring mineral deposits and obtain knowledge of the basic principles of investment analysis in the field of exploration, mining and processing of minerals. They will understand the key principles of economic management of companies carrying out mining activities or activities carried out in a mining manner in the Czech Republic.

Teaching methods

Individual consultations


Economic context of basic mining activities (geological survey, deposit acquisition and processing of exploited raw material) and their impact on the economics of mining. External influences (development of prices on raw material markets, legislative changes and changes in technologies, etc.) and mining. Economic evaluation of extractable reserves of mineral deposits, analysis of investments in exploration and extraction of mineral deposits from the point of view of their economic evaluation. The subject also explain other issues of mineral economics, such as the position of the state in the field of minerals, issues of the legislative base, but also problems of price developments, the role of organizations involved in exploration and extraction of minerals, raw materials and energy policy, international organizations and raw materials policy.

Compulsory literature:

MAXWELL, P. (2006). Australian Mineral Economics - A Survey of Important Issues: (Monograph 24). The Australasian Institute of Mining and Metallurgy (The AusIMM). Retrieved from https://app.knovel.com/hotlink/toc/id:kpAMEASII2/australian-mineral-economics/australian-mineral-economics KESLER, S., SIMON, A.. (2015). Mineral Resources, Economics and the Environment. Cambridge University Press. Retrieved from https://app.knovel.com/hotlink/toc/id:kpMREE0001/mineral-resources-economics/mineral-resources-economics SIVEK, M.: Ekonomika nerostných surovin. Ostrava: VŠB – Technická univerzita, 2007. 206 s. + CD-ROM. THOMAS, L.: Coal Geology. Chichester: John Wiley & Sons, 2002. 385 pp.

Recommended literature:

JOHNSTON, D. (2003). International Exploration Economics, Risk, and Contract Analysis. PennWell. Retrieved from https://app.knovel.com/hotlink/toc/id:kpIEERCA02/international-exploration/international-exploration HALDAR, S. K.. (2013). Mineral Exploration - Principles and Applications. Elsevier. Retrieved from https://app.knovel.com/hotlink/toc/id:kpMEPA000A/mineral-exploration-principles/mineral-exploration-principles MALEČKOVÁ, V., M. SIVEK a J. JIRÁSEK: Vybrané příklady z ekonomiky nerostných surovin. Ministerstvo školství, mládeže a tělovýchovy ČR & Vysoká škola báňská – Technická univerzita Ostrava, 2012. VANĚČEK, M.: Úvod do ekonomiky nerostných surovin pro ložiskové geology. ČSALG, 2018, 89 s.

Way of continuous check of knowledge in the course of semester

There is an oral exam with the written preparation.


E- learning is an option of the lessons.

Other requirements

In the case of assigning an individual or group semester work, deliver the assigned tasks in writing within the specified deadline.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

Introduction to mineral economics Mineral deposits utilization and basic of relevant legislation Objectives and strategy of mineral deposits utilization, the ways of economic evaluation of mineral deposits Economic exploitation of mineral deposits CAPEX analysis Setting of value of mine enterprise, value of raw material in the mineral deposit Raw material and mineral markets, description and functions Basics of raw material and mineral policy International organizations and mineral policy Energy policy of the government, Czech Republic and mineral economics

Conditions for subject completion

Full-time form (validity from: 2020/2021 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Examination Examination   3
Mandatory attendence participation:

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Conditions for subject completion and attendance at the exercises within ISP:

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Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2023/2024 (P0532D330040) Applied Geology P English Ostrava Choice-compulsory type B study plan
2022/2023 (P0532D330040) Applied Geology P English Ostrava Choice-compulsory type B study plan
2021/2022 (P0532D330040) Applied Geology P English Ostrava Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

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