Understanding of the theory and principles associated with Valuation and perform calculations related to:
- The flow of ore from the working face to the end product (including problem areas and corrective steps that may be required)
- Control factors – mine call factor, block factor, block call factor, ore reserve mining factor.
- Grade control.
- Ore reserves – classification, blocking, conventional block valuation, regression, reconciliation.
- Pay limits – overall, stoping, development, incremental, % payability.
- Life of mine (established mine).
- Borehole information.
- The effect of geological disturbances on mine valuation.
- Demonstrate an understanding of statistics with reference, but not limited to the definition, use of statistics, types of statistics (descriptive, inferential), population, a sample, variables, data, parameter, a statistic, an attribute.
- Demonstrate an understanding of the theory and principles associated with statistical data, with reference to sources of data, types of data, methods of collection of data, sources of error in statistical data.
- Summarize and present statistical data graphically.
- Construct and interpret pie charts, bar charts and line graphs.
- Construct and interpret frequency distributions for discrete and continuous data.
- Construct and interpret frequency distribution graphs – histogram, polygon, cumulative frequency curves.
- Demonstrate an understanding of the theory and principles associated with and calculations related to the numerical measures of description of grouped and ungrouped data:
Measures of central tendency
Arithmetic mean, weighted arithmetic mean, harmonic mean, geometric mean, median, mode, quartiles, percentiles.
Measures of dispersion
Ranges, interfractile range, quartile deviation, standard deviation, variance (sample and population)
Demonstrate an understanding of the theory and principles associated with and calculations related to inverse distance and area weighting estimates.
Demonstrate an understanding of the theory and principles associated with:
- Lag Semi-variogram, Sill, Nugget effect, Population, variance, Range of influence, Co-variance
- Mineral and Petroleum Resources Development Act:
- Definitions: Exploration area, exploration operation, exploration right, exploration work programme, mine, mineral. mining area, mining operation, mining permit, mining right, mining work programme, prospecting, prospecting area, prospecting operations, prospecting right, prospecting work programme, reconnaissance permit. Chapter 2 Sections 14(1), 14(4), 14(5), 15(1), 15(2), 17(1), 17(6), 18(4), 21(1), 21(2), 23(1), 23(6), 24(4), 27(6), 27(8)(a), 28(1), 28(2), 32(1), 32(4), 34(3), 35(1).
Project and portfolio
Who should do this course?
- Grade Officers
- Mine Planners
- Any Mine Employees with a valid Elementary Mine Sampling Certificate
- Any Private Individual with a valid Elementary Mine Sampling Certificate
Available Course Types
- Full Time
Duration of Course
- Full Time Course
- 15 Working Days (Mon-Fri: 08h00 - 15h00)
Form of Evaluation
- Full Time
- Written Examinations
- Classroom Assignments
- Practical Evaluations
- Worplace Assignments
Cost of Course
- Full Time
- Contact the client services department for more information regarding the course.
- Tel: +27 (0) 18 786 4300 / +27 (0) 18 786 2812