It is an area of particular interest of deep sea mining located in the Pacific Ocean. This mineral-rich region already hosts exploration contracts for 17 deep-sea mining contractors, combined exploration areas covering approximately 1 million square kilometers.
a. Solwara Zone
b. Clarion-Clipperton Zone
c. Indian Zone
d. Benham Rise Zone
b. Clarion-Clipperton Zone
PDF stands for
a. Portable Document Format
b. Portable Document File
c. Processed Document Format
d. Processed Document File
a. Portable Document Format
It is a function in Excel which is used to search for a specific value in a range or array and return a corresponding value from another range or array, regardless of the column or row position.
a. countifs
b. counta
c. xlookup
d. if
c. xlookup
What international agency is responsible for crafting the exploitation regulations of deep-sea mining in international waters?
a. UNCLOS
b. UNICEF
c. UN ISA
d. UN ILO
c. UN ISA
International Seabed Authority (ISA)
It is a shortcut in Microsoft Word which runs a spelling and grammar check.
a. F6
b. F7
c. F5
d. F8
b. F7
The length of time required for an investment to generate cash flows sufficient to recover the initial investment amount.
a. Investment Period
b. Interest Period
c. Period
d. Payback Period
d. Payback Period
Which profitability measure accounts for both the magnitude and timing of cash flows?
a. Internal Rate of Return (IRR)
b. Hurdle Rate
c. NPV
d. Income Statement
a. Internal Rate of Return (IRR)
It is the company’s ability to convert its assets to cash in order to pay its liabilities when they are due.
a. Liability
b. Liquidity
c. Equity
d. Solvency
b. Liquidity
For a project with uncertain future cash flows, which valuation approach provides a range of possible values rather than a single point estimate?
a. Deterministic NPV
b. Monte Carlo simulation or probabilistic sensitivity analysis
c. Simple payback method
d. Ignoring uncertainty
b. Monte Carlo simulation or probabilistic sensitivity analysis
A financial statement that reports a company’s assets, liabilities, and shareholders’ equity at a specific point in time.
a. Cash Flow Statement
b. Income Statement
c. Balance Sheet
d. Tax Return
c. Balance Sheet
A feasibility study concludes the Internal Rate of Return (IRR) is 6%, while the company’s hurdle rate is 12%. The decision should be:
a. Accept, since IRR > 0
b. Reject, since IRR < hurdle rate
c. Accept if ore grades are high
d. Ignore IRR, use payback period only
b. Reject, since IRR < hurdle rate
Process that involves evaluating and predicting the likely impacts of a project (including cumulative impacts) on the environment during construction, commissioning, operation, and abandonment. It also includes designing appropriate preventive, mitigating, and enhancement measures addressing these consequences to protect the environment and the community’s welfare.
a. ECC
b. EMB
c. EIA
d. ECA
c. EIA
When comparing two mutually exclusive mining projects, the correct decision rule is to:
a. Choose the one with higher simple payback
b. Choose the project with higher NPV at the chosen discount rate
c. Choose the one with higher initial capital
d. Choose the one with highest hurdle rate
b. Choose the project with higher NPV at the chosen discount rate
What is the maximum area for exploration permit of an individual, onshore, and in the entire Philippines?
a. 40 ha
b. 400 blocks
c. 3240 ha
d. 3240 blocks
c. 3240 ha
Which executive order created the Mining Industry Coordinating Council (MICC) to oversee mining policies?
a. EO 79, s. 2012
b. EO 292, s. 1987
c. EO 77, s. 1999
d. EO 100, s. 2015
a. EO 79, s. 2012
According to the Code of Ethics of Mining Engineering, violation of any provision of this Code shall constitute unethical or unprofessional conduct, and shall be dealt with under the provisions of Section 22 of the Mining Engineering Law and Section 16 of the Rules and Regulations implementing the aforesaid Law. What are these sanctions?
a. Reprimand, suspension, or revocation of the certificate of registration and/or professional license
b. Only a monetary fine of ₱5,000 and a written warning
c. Automatic lifetime ban from the practice of mining engineering
d. Imprisonment without the possibility of appeal
a. Reprimand, suspension, or revocation of the certificate of registration and/or professional license
An indicator used in measuring profitability of a mining project which involves the calculation of the interest rate that, when used in discounting the series of future cash flows, makes the discounted cash flows equal to the present value of the total project cost.
a. Accounting Rate of Return
b. Net Present Value
c. Discounted Payback Period
d. Discounted Cash Flow Rate
c. Discounted Payback Period
Oversee specific functional areas within the mine operation, such as production, maintenance, safety, exploration, and environmental management. Responsible for planning, organizing, and coordinating activities to achieve departmental objectives.
a. Department Managers and Supervisors
b. Frontline Supervisors
c. Mine Manager / General Manager
d. Top Management
a. Department Managers and Supervisors
This refers to positions within an organization that are directly involved in the core operations or activities of the business. Individuals in line roles are responsible for carrying out the primary objectives of the organization, such as producing goods, delivering services, and generating revenue.
a. Staff Roles
b. Line Roles
c. Top Management
d. Managerial Role
b. Line Roles
Used by companies to report polymetallic contents of mineral deposits and converted in terms of a single equivalent grade of a major metal in the deposit, showing details of all material factors contributing to the net value derived from each constituent metal.
a. Exploration Target
b. ISO
c. Metal Equivalents
d. Exploration Permit
c. Metal Equivalents
This refers to the comprehensive five-year plan of the Contractor/Permit Holder/Lessee authorized to conduct actual mining and milling operations towards the sustained improvement in the living standards of the host and neighboring communities by creating responsible, self-reliant, and resource-based communities capable of developing, implementing, and managing community development programs, projects, and activities in a manner consistent with the principle of people empowerment.
a. SDMP
b. ASDMP
c. EPEP
d. AEPEP
a. SDMP
As used in RA 8371, this shall mean the consensus of all members of the ICCs/IPs to be determined in accordance with their respective customary laws and practices, free from any external manipulation, interference, and coercion, and obtained after fully disclosing the intent and scope of an activity, in a language and process understandable to the community.
a. FPIC
b. CADT
c. ICC/IPs
d. CALT
a. FPIC
In terms of workforce management, what is critical for ensuring continuous production in a mine?
a. Skilled workforce
b. Equipment maintenance
c. Scheduling and shift planning
d. All of the above
d. All of the above
With the same information as Q26, how many ounces (oz) of gold were recovered, knowing that the recovery is 80% and with 10% dilution?
a. 456 oz
b. 286 oz
c. 365 oz
d. 430 oz
c. 365 oz