A certain marble mine property has an estimated life of 30 years, at a projected annual output of 3,000 cubic meters of marble blocks. Estimated management cost per year is placed at P1,500,000.00 and operating cost of quarrying and processing plant is P8,000.00 per cubic meter. The finished products, tiles, and slabs can be sold for P12,000.00 per cubic meter if exported. Determine the present valuation of the mineral property if the sinking fund rate of interest is 15% and annual dividend rate is to be 12%.
A. P85,854,317.13
B. P85,554,371.18
C. P85,444,313.27
D. P85,345,365.28
A. P85,854,317.13
Which was the first law that permitted the Financial or Technical Assistance Agreement in the country?
A. Commonwealth Act No. 137 of 1936
B. Republic Act No. 7942
C. Presidential Decree No. 463 of 1974
D. 1987 Constitution
D. 1987 Constitution
The 1987 Constitution of the Philippines, specifically in Article XII, Section 2, introduced a new and more liberal policy for the country’s natural resources. While the Constitution maintains that all natural resources belong to the State, it provided an exception to the general rule that only Filipino citizens could manage them. This section states that the President may, for large-scale exploration, development, and utilization of minerals, enter into agreements with foreign-owned corporations “involving either technical or financial assistance.”
This is an inter-agency body created to assess and review all mining operations concerning their compliance with existing laws and regulations. It also reviews mining-related laws, rules, and regulations, and provides corresponding policy recommendations to improve their effectiveness and relevance.
A. Chamber of Mines
B. City/Provincial Mining Regulatory Board
C. Mining Industry Coordinating Council
D. Multi-partite Monitoring Team
C. Mining Industry Coordinating Council
The Mining Industry Coordinating Council (MICC) is the inter-agency body in the Philippines that fits this description. Created by Executive Order No. 79, the MICC is responsible for:
*Reviewing all mining-related laws, rules, and regulations and providing policy recommendations to the President.
*Assessing the compliance of mining operations with existing laws to ensure environmental protection and responsible mining.
What does PDF mean?
A. Print Document Format
B. Portable Document Format
C. Printable Document File
D. Printable Document Format
B. Portable Document Format
Fixing the boundaries of the jurisdictions of a municipality is one of the primary goals of which type of survey?
A. Topographical survey
B. Land survey
C. City survey
D. Cadastral survey
D. Cadastral survey
A cadastral survey is a specialized type of land survey that focuses on defining and re-establishing the legal boundaries of land parcels and political jurisdictions, such as municipalities, cities, and provinces.
A. Topographical survey focuses on measuring and mapping the physical features and elevations of the land, not its legal boundaries.
B. Land survey is a general term that includes all types of surveys, but “cadastral” is the specific term for boundary-related work.
C. City survey is a general term for surveys done within a city and is not a formal classification for boundary establishment.
What is the short term for binary digit? It is the smallest unit of information in a computer. It stores a single digit that’s either a one or zero.
A. Byte
B. Bit
C. Pixel
D. Morse
B. Bit
A bit is the smallest and most fundamental unit of data in a computer. The word “bit” is a portmanteau of binary digit. It represents a logical state with one of two possible values, typically represented as either a 1 or a 0.
Which of the following laws lifted the moratorium of mineral agreements, and the formulation and strict implementation of mines safety and environmental policies?
A. Executive Order 79 series of 2012
B. Executive Order 130 series of 2021
C. DENR Administrative Order 2021-40
D. DENR Administrative Order 2017-10
B. Executive Order 130 series of 2021.
Executive Order No. 130, issued in 2021 by President Rodrigo Duterte, amended a previous policy to lift the moratorium on new mineral agreements. This was a significant policy shift aimed at revitalizing the mining industry to support economic recovery.
Prior to this, Executive Order No. 79 of 2012, issued by President Benigno Aquino III, had imposed a moratorium on new mining contracts until a new law rationalizing the revenue-sharing scheme was enacted. EO 130 effectively removed this barrier.
Which of the following countries has approved the plan to exploit gold, copper, nickel and molybdenum ores by 2025. The country plans to boost nickel mining and build nickel processing and factories. In 2019, Blackstone Minerals has acquired projects in the country which aims to be a leader in battery revolution.
A. China
B. Malaysia
C. Cambodia
D. Vietnam
D. Vietnam
Blackstone Minerals’ Projects: In late 2019, Blackstone Minerals acquired the Ta Khoa Nickel-PGE Project in northern Vietnam. The company has since focused on developing this project to become a major supplier of nickel for the burgeoning electric vehicle battery industry.
National Strategy: The Vietnamese government has a national mineral strategy, approved by the Prime Minister, which includes the exploration and exploitation of strategically important minerals like gold, copper, nickel, and molybdenum. This plan emphasizes a move toward value-added processing and is directly aimed at supporting Vietnam’s role in the global supply chain, particularly for the battery revolution.
This is used by virtually every major mining company involved in block caving who rely on its comprehensive functionality to assist with feasibility studies, design, and production management.
A. Surpac
B. ArcGIS
C. GEMS
D. PCBC
D. PCBC
PCBC, which stands for Profit Centred Block Caving, is a specialized software application designed specifically for the planning and scheduling of block caving mines. It is considered the industry standard and is used by most major mining companies involved in this method. Its comprehensive functionality is tailored to assist with a project’s entire lifecycle, from initial feasibility studies and design to ongoing production management and draw control.
*Surpac and GEMS are both geological and mine planning software suites with broad applications for various mining methods, but they are not the specialized solution for the unique challenges of block caving.
*ArcGIS is a Geographic Information System (GIS) used for spatial analysis and mapping and is not a mine design or production management tool.
A sedimentary rock weighs 160 lb per cu ft. What is its specific gravity?
A. 0.39
B. 1.60
C. 2.00
D. 2.56
D. 2.56
Specific gravity is a dimensionless quantity that represents the ratio of the density of a substance to the density of a reference substance. For solids and liquids, the reference substance is almost always water.
SpecificGravity= DensityoftheRock/Density of Water
Using the given density of the rock and the standard density of water (62.4lb/ft 3 ):
SpecificGravity= 160lb/ft 3 /62.4lb/ft 3)≈2.56
What are the dimensions of a standard SIM card?
A. 25mm x 15mm
B. 20mm x 12mm
C. 15mm x 12mm
D. 12.3mm x 8.8mm
A. 25mm x 15mm
This is the correct dimension for a mini-SIM, which is commonly referred to as the standard SIM card.
C. 15mm x 12mm: This is the dimension for a micro-SIM card.
D. 12.3mm x 8.8mm: This is the dimension for a nano-SIM card.
This means the process of re-establishing the vegetation using any kind of plant materials, such as, but not limited to, grasses, shrubs, vines, and/or trees, in a disturbed area where development/construction and utilization activities are temporarily suspended.
A. Temporary re-vegetation
B. Temporary rehabilitation
C. Temporary reforestation
D. Temporary afforestation
A. Temporary re-vegetation
Relief displacement is a feature characteristic of which type of survey?
A. Topographic survey
B. Hydrographic survey
C. Photogrammetric survey
D. Mine survey
C. Photogrammetric survey
Relief displacement is the apparent shift of an object’s position in a photograph due to its height or elevation above a reference datum. Because aerial photographs are taken from a single point in space, objects that are taller or at a higher elevation (like mountains, buildings, or trees) appear to lean away from the center of the photo. Similarly, objects in depressions appear to be displaced toward the center.
A deposit of sand or mud built up along, and sloping away from, either side of the flood plain of a river or stream. It is a natural or artificial wall that blocks water from going where we don’t want it to go.
A. Embankment
B. Point bar
C. Natural levee
D. Natural dyke
C. Natural levee
A natural levee is a landform created by a river as a result of its own flooding. When a river overflows its banks, the water velocity decreases abruptly as it spreads across the floodplain. This sudden reduction in speed causes the river to drop its coarsest, heaviest sediment (sand and silt) right along the banks, building up a low, broad ridge over many flood events.
A. Embankment is an artificial or man-made wall of earth or stone built to prevent flooding or to carry a road or railway.
B. Point bar is a deposit of sand and gravel that builds up on the inside bend of a meandering river, not along the sides of its flood plain.
D. Natural dyke is a geological term for a sheet of igneous or sedimentary rock that forms in a fracture and cuts across existing rock layers. It is not related to river deposition.
A coal with a heating capacity of 10,000 BTU per pound is equivalent to how many kilocalories per kilogram?
A. 5,260
B. 5,360
C. 5,460
D. 5,560
D. 5,560
1BTU=0.252kcal
1lb=0.4536kg
10,000BTU/lb×0.252kcal/BTU=2,520kcal/lb
2,520/0.4536≈5,556kcal/kg
In Microsoft Word, Alt + X is the shortcut key to?
A. Insert the Unicode character for the specified Unicode (hexadecimal) character code.
B. Insert the ANSI character for the specified ANSI (decimal) character code.
C. Switch the text between upper case, lower case, and title case.
D. Display the Replace dialog box, to find and replace text, specific formatting, or special items.
A. Insert the Unicode character for the specified Unicode (hexadecimal) character code.
If P5,000 shall accumulate for 10 years at 8% compounded quarterly, find the compounded value at the end of 10 years.
A. P6,005.30
B. P6,000.00
C. P6,040.20
D. P6,010.20
D. P6,010.20
Which of the following countries is not a member of APEC?
A. Thailand
B. Russia
C. Chile
D. Canada
E. North Korea
E. North Korea
What is the computer shortcut key if you want to insert a hyperlink in a document?
A. CTRL + H
B. CTRL + K
C. CTRL + L
D. CTRL + ALT
B. CTRL + K
A. CTRL + H is the shortcut to open the Find and Replace dialog box.
C. CTRL + L is used to align text to the left side of the document.
D. CTRL + ALT is a combination key used in conjunction with other keys to create a different command.
An increase in a liability or equity account, or a decrease in an asset or expense account.
A. Debit
B. Credit
C. Receipts
D. Inventory
B. Credit
In the double-entry accounting system, credit refers to an entry that:
*Increases a liability, equity, or revenue account.
*Decreases an asset or expense account.
Conversely, a debit is an entry that increases an asset or expense account or decreases a liability, equity, or revenue account.
The scale of topographic base maps used for geologic mapping is:
A. 1:5000
B. 1:25000
C. 1:50000
D. 1:100000
B. 1:25000
At a 1:25,000 scale, a map sheet covers a manageable area, but the features within it are large enough to precisely mark outcrops, faults, contacts, and other geological structures.
This is a global standard of transparency that requires oil, gas, and mining companies to publish what they pay to the government; and government to publish what they collect from these companies. The initiative aims to encourage countries to be more transparent in reporting the benefits they receive from their country’s natural resources. This initiative is principle that there must be sound management of natural resources. It operates on the premise that the citizens own these resources, and therefore have the right to know how these resources are managed.
A. CRIRSCO
B. MICC
C. EITI
D. JORC
C. EITI
The Extractive Industries Transparency Initiative (EITI) is a global standard for the good governance of a country’s oil, gas, and mineral resources. The core principle of the EITI is that a country’s natural resources belong to its citizens, who therefore have the right to know how these resources are managed.
The Mining Engineering Law of the Philippines is?
A. Republic Act No. 4742
B. Republic Act No. 4274
C. Republic Act No. 7424
D. Republic Act No. 7244
B. Republic Act No. 4274
The Mining Engineering Law of the Philippines is Republic Act No. 4274 (R.A. 4274), enacted on June 19, 1965, to regulate the practice of mining engineering, provide for the licensing and registration of personnel in mines and quarries, and establish a Board of Examiners for Mining Engineers.
Which of the following is not one of the USGS’s list of critical minerals in 2022?
A. Nickel
B. Gold
C. Graphite
D. Lithium
B. Gold
According to the U.S. Geological Survey’s (USGS) 2022 list, Gold is not considered a critical mineral. While gold is a valuable and important commodity, it does not meet the criteria of being essential to the U.S. economy or national security and having a supply chain vulnerable to disruption.
A. Nickel: Critical for stainless steel production and electric vehicle batteries.
C. Graphite: A key component of anodes in lithium-ion batteries.
D. Lithium: The fundamental element for rechargeable batteries used in electronics and electric vehicles.