BU 2 Flashcards by Gregorio Mahinay III

A measurement of the use of resources for some purposes expressed in monetary terms.
A. Capital
B. Cost
C. Investment
D. Expense

B. Cost

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A drainage area of a river system, lake or water reservoir supporting existing and proposed hydroelectric power, domestic water supply, geothermal power and irrigation works, which needs immediate rehabilitation and protection to minimize soil erosion, improve water yield and prevent possible flooding.
A. Drainage Pattern
B. Water Body System
C. Critical Watershed
D. Commercial Waters

C. Critical Watershed

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Product of the quantity or output sold at the set selling price.
A. Selling Price
B. Total Revenue
C. Gross Profit
D. Floor Price

B. Total Revenue

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A mining project’s ore grade is 3.8%, and the recovery rate is 89%. If the total ore processed is 260,000 tons, how many tons of metal are produced?
A. 4,793 tons
B. 5,412 tons
C. 6,762 tons
D. 7,230 tons

A. 4,793 tons

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The IEA report highlights which mineral as having a critical role in energy storage systems?
A. Tin
B. Cobalt
C. Molybdenum
D. Aluminum

B. Cobalt

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Convert an azimuth of 120° into a bearing.
A. N 60° E
B. S 30° E
C. N 120° E
D. S 60° E

D. S 60° E

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Law that changed the name of Benham Rise to Philippine Rise.
A. EO 35
B. EO 55
C. EO 25
D. EO 45

C. EO 25

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A mining company invests $55 million in equipment with a salvage value of $5 million after 8 years. Using the straight-line depreciation method, what is the annual depreciation?
A. $6.25 million
B. $4.5 million
C. $5.25 million
D. $6.5 million

A. $6.25 million

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Convert a bearing of 35° W into an azimuth.
A. 305°
B. 215°
C. 145°
D. 35°

D. 35°

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Computer shortcut for Find and Replace options.
A. Ctrl + F
B. Ctrl + O
C. Ctrl + J
D. Ctrl + H

D. Ctrl + H

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The present value will always be
A. Less than
B. Greater than
C. Equal to
D. The same as

B. Greater than

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Which country experienced the worst loss of life due to a tailings dam collapse in the Brumadinho disaster in 2019?
A. Brazil
B. Chile
C. Peru
D. Argentina

A. Brazil

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What is one megabyte?
A. 1,000,000 bytes
B. 10,000,000 bytes
C. 1,000,000,000 bytes
D. 1000 bytes

A. 1,000,000 bytes

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Private gratuitous permit is only good for
A. 30 days
B. 45 days
C. 60 days
D. 90 days

C. 60 days

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Which of the following countries is both a member of ASEAN and APEC?
A. China
B. India
C. Thailand
D. Brazil

C. Thailand

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Under the Philippine Mining Act of 1995, what is the maximum allowable term for a Mineral Production Sharing Agreement?
A. 10 years
B. 25 years
C. 50 years
D. 75 years

C. 50 years

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A railroad needs to be built from a mine located at elevation 2200 meters to a mill site at 1600 meters elevation. What is the minimum length of the railroad if the allowable grade is 2%?
A. 25 km
B. 30 km
C. 55 km
D. 40 km

B. 30 km

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Which of the following is the most appropriate method for estimating ore reserves in a deposit with erratic grade distribution?
A. Polygonal Method
B. IDW
C. Geostatistical Kriging
D. Cross-sectional Method

C. Geostatistical Kriging

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Which of the following is an accurate measure of labor productivity?
A. Total tons mined per day
B. Total manhours worked
C. Total manshift
D. Total days lost

A. Total tons mined per day

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A machine costs ₱80,000.00 and has an estimated salvage value of ₱20,000.00 at the end of 20 years useful life. Compute the book value of the machine after two years using SOYD.
A. ₱68,875
B. ₱78,875
C. ₱58,875
D. ₱48,875

B. ₱78,875

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Which method is used to account for the decreasing economic value of mining assets over time?
A. Depreciation
B. Amortization
C. Discounted Cash Flow
D. Depletion

D. Depletion

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What process generally results in the occurrence of a high-grade zone immediately beneath the oxidized portion of a copper deposit?
A. Supergene Enrichment
B. Salting
C. High Grading
D. Alteration Zones

A. Supergene Enrichment

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Which of the following APEC member countries is known for its significant natural resources, including oil and gas?
A. Chile
B. Australia
C. Peru
D. Papua New Guinea

B. Australia

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Which law emphasizes the need to secure Free, Prior, and Informed Consent (FPIC) from indigenous peoples before any mining activity can commence on ancestral lands?
A. RA 7942
B. RA 8371
C. RA 7076
D. RA 1899

B. RA 8371

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Which international agreement is crucial for environmental policies under the ESG framework? A. Paris Agreement B. Kyoto Protocol C. Basel Convention D. Vienna Convention

A. Paris Agreement

What is the maximum period allowed for the exploration phase under a Financial or Technical Assistance Agreement (FTAA) in the Philippines? A. 2 years B. 5 years C. 8 years D. 10 years

C. 8 years

At whose administration did the change of name happen? A. Pres. Benigno Aquino III B. Pres. Rodrigo Duterte C. Pres. Ferdinand Marcos Jr. D. PGMA

B. Pres. Rodrigo Duterte

Which of the following minerals is most critical for battery energy storage systems (BESS)? A. Copper B. Lithium C. Iron D. Tin

B. Lithium

Mine software used for designating specific equipment or manpower in a particular location in the mine. A. SURPAC B. DataMine C. Gemcom D. MineSched

B. DataMine

Excise tax for indigenous petroleum under the TRAIN Law. A. 6% B. 2% C. 3% D. 4%

A. 6%

A shovel worked 500 hours a month, was under repair for 100 hours, and on standby for 50 hours. What was the shovel’s physical availability? A. 85% B. 89% C. 90% D. 68%

A. 85%

A machine costs ₱80,000.00 and has an estimated salvage value of ₱20,000.00 at the end of 20 years useful life. Compute the book value of the machine after two years using SOYDM. A. ₱68,875 B. ₱78,875 C. ₱58,875 D. ₱48,875

B. ₱78,875

Any corporation, partnership, association, or cooperative duly registered in accordance with law in which less than fifty percent (50%) of the capital is owned by Filipino citizens. A. SEC Corporation B. Filipino Corporation C. Legal Corporation D. Foreign-owned Corporation

D. Foreign-owned Corporation

A mining operation has 10,000 tonnes of ore with an average grade of 2.0 g/t and 50,000 tonnes of waste rock. What is the ore-to-waste ratio? A. 1:5 B. 1:4 C. 1:6 D. 1:3

A. 1:5

What year did the Philex Mining Corporation experience a major tailings spill that became one of the largest in the country’s history? A. 1996 B. 2010 C. 2012 D. 2015

C. 2012

The pernicious practice of salting is most common in a: A. Coal mine B. Copper mine C. Salt mine D. Gold mine

D. Gold mine

Excise tax for gold under the TRAIN Law. A. 6% B. 2% C. 3% D. 4%

D. 4%

Which of the following is an accurate measure of labor productivity? A. Total tons mined per day B. Total manhours worked C. Total manshift D. Total days lost

A. Total tons mined per day

If a mine survey indicates a slope distance of 148 meters at an angle of 28°, what is the horizontal distance? A. 135 meters B. 140 meters C. 130 meters D. 120 meters

C. 130 meters

Which of the following is an input device? A. Printer B. Monitor C. Keyboard D. Speaker

C. Keyboard

Which mineral group typically shows weak or no IP response? A. Sulfides B. Oxides C. Silicates D. Native elements

C. Silicates

The FTAA is applied to: A. All minerals B. Metallic minerals only C. All minerals except energy minerals D. Non-metallic minerals

B. Metallic minerals only

The average or mean value that is based on the most number of occurring values. A. Mode B. Median C. Mean D. Modified Mean

A. Mode

Which of the following is typically analyzed to estimate the operating cost of a mining project in a feasibility study? A. Drilling and blasting costs B. Legal fees C. Marketing expenses D. Rehabilitation costs

A. Drilling and blasting costs

Convert an azimuth of 330° into a bearing. A. S 30° E B. S 30° W C. N 60° W D. S 60° W

C. N 60° W

The exact date of the approval of R.A. 7076. A. June 17, 1991 B. June 27, 1981 C. June 27, 1991 D. June 17, 1981

C. June 27, 1991

A company invests $10 million in a mining project with an expected annual profit of $2 million. The project lifespan is 10 years. What is the Return on Investment (ROI)? A. 100% B. 150% C. 200% D. 250%

A. 100%

For a mine site with a triangular cross-section, if the base is 80 meters and the height is 30 meters, compute the area of the cross-section. A. 1,200 m² B. 1,800 m² C. 2,400 m² D. 2,600 m²

A. 1,200 m²

After the Marcopper mining disaster, which of the following rehabilitation strategies was implemented to mitigate long-term impacts on the Boac River system? A. River dredging to remove contaminated sediments B. Chemical neutralization of acid mine drainage C. Complete relocation of affected communities D. Construction of artificial wetlands for water filtration

A. River dredging to remove contaminated sediments

Which mining-related document must be secured before starting any development or construction activities in a mining site? A. Exploration Permit B. MPSA C. ECC D. FTAA

C. ECC

If ₱6,500.00 will be needed after 5 years, how much should be invested now if the interest rate is 7.5% per annum compounded annually? A. ₱1,000.00 B. ₱4,532.63 C. ₱4,062.50 D. ₱4,527.63

D. ₱4,527.63

What is the smallest unit for the storage capacity of a computer? A. Gigabyte B. Kilobyte C. Terabyte D. Byte

D. Byte

Which geological process can mask or distort the IP response in a mineralized zone? A. Deep Weathering B. Glaciation C. Hydrothermal Alteration D. Sedimentary Deposition

C. Hydrothermal Alteration

The gradual decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors. A. Disintegration B. Depletion C. Devaluation D. Depreciation

D. Depreciation

Which factor most directly affects the determination of capital expenditure in a mining feasibility study? A. Ore Processing Method B. Market Demand C. Ore Body Depth D. Community Acceptance

C. Ore Body Depth

It refers to the water, sea bottom and subsurface measured from the baseline of the Philippine Archipelago up to two hundred (200) nautical miles offshore. A. Offshore area B. Continental Shelf C. Exclusive Economic Zone D. Contiguous Zone

C. Exclusive Economic Zone

Represents the expected value that can be recovered upon a property’s disposal. A. Book Value B. Scrap Value C. Salvage Value D. Market Value

C. Salvage Value

What type of survey instrument is used to measure the distance between two points in a mine? A. Clinometer B. Total Station C. Theodolite D. Tachymeter

C. Theodolite

Which of the following ore reserve classification categories typically has the highest economic risk? A. Proven Reserve B. Probable Reserve C. Measured Resource D. Inferred Resource

B. Probable Reserve

When price is above the equilibrium price, the quantity supplied exceeds the quantity demanded resulting to: A. Surplus B. Exact Quantity C. Shortage D. Ceiling Price

A. Surplus

How many are the members of APEC to date? A. 10 B. 12 C. 15 D. 21

D. 21

The length of time required for an investment to generate cashflows sufficient to recover the initial investment amount. A. Interest Period B. Payback Period C. Period D. Investment Period

B. Payback Period

Means gross income from operations less allowable deductions which are necessary or related to mining operations. A. Amortization B. Net Income C. Gross Revenue D. Depletion Costs

B. Net Income

The difference in observed value which is beyond the control of man. A. Deviation B. Error C. Mistake D. Fault

B. Error

The present worth of all future amounts that are expected to be received through ownership of a certain asset. A. Book Value B. Salvage Value C. Market D. Value

D. Value

It is a stage in the environmental impact statement system where information and assessment requirements are established to provide the proponent with the scope of work of the Environmental Impact Statement. A. Screening B. Baseline Study C. Scoping D. IEE

C. Scoping

Which agency is responsible for the regulation and monitoring of safety and health in mining operations in the Philippines? A. DOH B. DOLE C. MGB D. OSHC

C. MGB

What is the maximum duration of an Exploration Permit under the Philippine Mining Act? A. 1 year, renewable for another year B. 3 years, renewable for another 2 years C. 2 years, renewable for another 2 years D. 5 years, renewable for another 5 years

C. 2 years, renewable for another 2 years

The maximum number under an Industrial Sand and Gravel Permit, granted by the PMRCB, which a qualified person may hold at one time. A. 5 has. B. 20 has. C. 10 has. D. 1 ha.

A. 5 has.

Which country is leading in the production of rare earth magnets? A. United States B. China C. Japan D. India

B. China

Which government agency issues Mine/Quarry Foreman’s licenses? A. PNP – Firearms and Explosives Division B. PSEM C. PTIMGE National D. PRC Board of Mining Engineering

D. PRC Board of Mining Engineering

In a mine survey, the horizontal distance between two points is 150 meters, and the vertical distance is 40 meters. What is the slope distance between the two points? A. 155 meters B. 160 meters C. 162 meters D. 165 meters

A. 155 meters

In allocating occupation fees collected from mining contractors, ______ goes to the province while the balance goes to the municipality concerned. A. 30% B. 20% C. 70% D. 50%

A. 30%

Which of the following is not typically considered when using the polygonal method? A. Ore Grade Distribution B. Geological Structures C. Distance Between Sample Points D. Sample Thickness

B. Geological Structures

Law that changed the name of Benham Rise to Philippine Rise. A. EO 35 B. EO 55 C. EO 25 D. EO 45

C. EO 25

What is the maximum period allowed for the exploration phase under a Financial or Technical Assistance Agreement (FTAA) in the Philippines? A. 2 years B. 5 years C. 8 years D. 10 years

C. 8 years

Which factor most directly affects the determination of capital expenditure in a mining feasibility study? A. Ore Processing Method B. Market Demand C. Ore Body Depth D. Community Acceptance

C. Ore Body Depth

Those which remain relatively constant regardless of any change made in operations or policy. A. Fixed Cost B. Variable Cost C. Direct Cost D. Sunk Cost

A. Fixed Cost

It is linearly proportional to the initial amount of the loan or principal and is either earned or charged. A. Simple Interest B. Interest Rate C. Compound Interest D. Depreciation

A. Simple Interest

Includes all the initial expenses for starting an enterprise. A. Direct Cost B. Initial Cost C. Variable Cost D. Fixed Cost

B. Initial Cost

Computer shortcut for changing the font. A. Ctrl + V B. Ctrl + Shift + D C. Ctrl + Shift + F D. Ctrl + J

B. Ctrl + Shift + D

Which policy approach emphasizes reducing carbon footprints within ESG frameworks? A. Carbon Neutrality B. Data Security C. Supply Chain Ethics D. Corporate Risk Mitigation

A. Carbon Neutrality

A mine has a reserve of 2 million tons with an average grade of 1.5% copper. If the recovery rate is 85%, how many tons of copper can be produced? A. 25,500 tons B. 28,500 tons C. 30,000 tons D. 32,000 tons

A. 25,500 tons

Which of the following does not enhance the global competitiveness of a deposit? A. Attractive Government Incentives B. Unstable Government Policies C. Large Tonnage and High Grade D. Support of the LGUs

B. Unstable Government Policies

Any qualified person may apply for a Quarry Permit to the: A. DENR Secretary B. MGB Director C. PMRB D. Provincial Governor

C. PMRB

A mining company needs to transport 500,000 tons of ore over a distance of 20 kilometers. If the cost of transportation is $3 per ton per kilometer, what is the total transportation cost? A. $15 million B. $20 million C. $25 million D. $30 million

D. $30 million

A railroad needs to be built from a mine located at elevation 2200 meters to a mill site at 1000 meters elevation. What is the minimum length of the railroad if the allowable grade is 2%? A. 25 km B. 30 km C. 55 km D. 40 km

B. 30 km

A radio service panel truck initially cost Php 56,000.00. Its resale value at the end of the 5th year of useful life is estimated at Php 15,000.00. Determine the annual depreciation cost by means of the straight-line method. A. Php 6,200 B. Php 7,500 C. Php 8,100 D. Php 8,200

D. Php 8,200

Which country is an APEC member but not an ASEAN member and is known for its significant economic influence in the Asia-Pacific region? A. South Korea B. Malaysia C. Cambodia D. Myanmar

A. South Korea

Under the Philippine Mining Act of 1995, what is the maximum allowable term for a Mineral Production Sharing Agreement? A. 10 years B. 25 years C. 50 years D. 75 years

C. 50 years

Represents the expected value that can be recovered upon a property’s disposal. A. Book Value B. Scrap Value C. Salvage Value D. Market Value

C. Salvage Value

Economic mineral of Mercury. A. Molybdenite B. Rhodonite C. Cinnabar D. Argentite

C. Cinnabar

A geologic formation referring to a large volcanic depression. A. Fault B. Caldera C. Syncline D. Basin

B. Caldera

What is the arrangement where companies worldwide with complementary expertise and/or areas of strength team up for a common objective with each company still retaining its separate identity? A. Association B. Merger C. Strategic Alliance D. Acquisition

C. Strategic Alliance

What is the uniform series of equal payments made at the end of each year for 8 years that are equivalent to a ₱50,000 payment 8 years from now if interest is 14% per year compounded annually? A. Php 317.85 B. Php 377.85 C. Php 327.85 D. Php 357.85

B. Php 377.85

What refers to the actual number of years that an asset is kept or maintained? A. Service Life B. Depletion C. Economic Life D. Depreciation

C. Economic Life/Useful Life

A polygonal method is used to estimate the reserves in a certain block, and the areas of influence of three drill holes are 100 m², 150 m², and 120 m² with corresponding grades of 2.0 g/t, 2.5 g/t, and 1.8 g/t. What is the estimated average grade? A. 2.14 g/t B. 2.19 g/t C. 2.08 g/t D. 2.23 g/t

A. 2.14 g/t

Graphical representations of an application, document, or folder in a computer. A. Mouse B. Windows C. Desktop D. Icons

D. Icons

What is the primary material found in the tailings that caused severe environmental damage in the Marcopper spill? A. Cyanide B. Heavy Metals C. Mercury D. Sulfur Dioxide

B. Heavy Metals

Convert an azimuth of 200° into a bearing. A. S 20° W B. N 20° W C. S 10° E D. N 80° W

A. S 20° W

BU 2 Flashcards

(100 cards)