GUJARAT TECHNOLOGICAL UNIVERSITY
BE - SEMESTER-VIII (NEW) EXAMINATION — WINTER 2018
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Subject Code: 2182201 Date: 26/11/2018
Subject Name: Mine & Mineral Economics
Time: 02:30 PM TO 05:00 PM Total Marks: 70
Instructions:
- Attempt all questions.
- Make suitable assumptions wherever necessary.
- Figures to the right indicate full marks.
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Q.1 (a) What is mine valuation? 03
(b) Define following terms: (1) Mineral (2) Ore (3) Gangue. 04
(c) Describe various functions of national mineral policy 2015. 07
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Q.2 (a) Write a short note on dilution & recovery. 03
(b) Explain Standard cost and forecast cost. 04
(c) What is reduction of sample? Explain method of reduction of sample. 07
OR
(c) Explain any one method of mine valuation. 07
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Q.3 (a) What is sampling? 03
(b) What is State the socio-economic significance of small and mid size mines? 04
(c) Explain the different software used for Mineral Information System. 07
OR
Q.3 (a) How is mineral extraction affecting Indian economy? 03
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(b) Define the royalty, taxes and duties. 04
(c) Describe mineral resource in India. 07
Q.4 (a) How is conservation of mineral resources carried out? 03
(b) Describe various types of reserve estimate. 04
(c) Describe their importance and write different precautions taken for sampling. 07
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OR
Q.4 (a) Explain the MIS. 03
(b) Write a short note on budgetary control. 04
(c) What is risky nature of mining industry? Describe in details. 07
Q.5 (a) Explain the mineable ore as a limitation. 03
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(b) Write a note on ore classification. 04
(c) Describe Standard Cost and Future Cost in brief. 07
OR
Q.5 (a) Explain the procedure and precaution of sampling alluvial deposits and dumps. 03
(b) Write a short note on Life of Mine. 04
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(c) How tonnage factors and mineable ore limitations are calculated? 07
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