Southeastern 2-2 Flashcards by Gregorio Mahinay III

Launched in 2019 by the World Bank and the International Finance Corporation, this aims to assist resource-rich developing countries in decarbonizing and reducing the material footprint of critical mineral supply chains essential for the clean energy transition, enabling these countries to benefit through sustainable development from increasing demand for such minerals.
a. Extractive Industries Transparency Initiative
b. Climate-Smart Mining Initiative
c. Towards Sustainable Mining initiative
d. Responsible Minerals Initiative

b. Climate-Smart Mining Initiative

a. Extractive Industries Transparency Initiative: A global standard for the good governance of oil, gas, and mineral resources. It requires the public disclosure of revenues and payments by governments and companies to combat corruption and promote transparency in the extractive sector.
c. Towards Sustainable Mining initiative: A Canadian mining industry performance standard (managed by the Mining Association of Canada) that helps mining companies evaluate and manage their environmental and social responsibilities.
d. Responsible Minerals Initiative: A large, global coalition of companies working to address responsible sourcing issues in their supply chains. Its primary focus is on ensuring minerals are not contributing to conflict, human rights abuses, or other risks (often focusing on minerals like tin, tantalum, tungsten, and gold—3TG).

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Which of the following refers to the
alternating periods of economic growth and decline during a business cycle, which is primarily measured by an economy’s gross domestic product?
a. Contango and Backwardation
b. Sill and Nugget
c. Economic Profit and Loss
d. Boom and Bust

d. Boom and Bust

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The minimum mine life for a mining project should be _____ the payback period, but should not be less than _____ for projects involving direct shipping ore mineral commodities such as nickel, chromite, iron, and manganese.
a. Twice; 10 years
b. Twice; 7 years
c. Thrice; 10 years
d. Thrice; 7 years

b. Twice; 7 years

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Which of the following is NOT an operating system?
a. Linux
b. Ubuntu
c. IBM
d. Ecosia

d. Ecosia

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A small piece of data or user-specific information sent from a web server and stored on a user’s device by their web browser.
a. Cache
b. Cookies
c. Chip
d. Tab

b. Cookies

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Which of the following mining companies holds the FTAA No. 001?
a. Tampakan copper-gold project
b. Didipio Mine
c. Narra Nickel Mining and Devt. Corp
d. Runruno Mine

b. Didipio Mine

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A computer network that interconnects computers within a limited area is called:
a. WAN
b. LAN
c. WLAN
d. MAN

b. LAN

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Which of the following modifying factors was not initially included in PMRC 2017 and was added in 2020?
a. Social
b. Infrastructure
c. Metallurgical
d. Legal

b. Infrastructure (and Processing)

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Which of the following was granted an observer status in 2022 and in-principle to be admitted as the official 11th member state of ASEAN in 2025?
a. Laos
b. Singapore
c. Brunei Darussalam
d. East Timor

d. East Timor

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Coal beneficiation in a Baum Jig works on the principle of the difference in ______ between coal and gangue.
a. Color
b. Heating value
c. Specific gravity
d. Hardness

c. Specific gravity

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Which of the following surveying
instruments is integrated with electronic distance measurements, primarily used to measure both horizontal and vertical angles?
a. Theodolite
b. Total Station
c. Transit
d. Clinometer

b. Total Station

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Which of the following is the most liquid asset?
a. Plant and Equipment
b. Stocks
c. Cash
d. Inventory

c. Cash

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What does MARR represent in a project valuation?
a. The maximum interest rate a company can earn on its investments
b. The minimum rate of return required by a company to justify a project
c. The average profit rate of a company in a fiscal year
d. The rate of return guaranteed by a bank for savings

b. The minimum rate of return required by a company to justify a project

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According to the revised IRR of RA 7076, which of the following may NOT be considered for declaration as Minahang Bayan?
a. Placer Gold deposits with at least a grade of 1 gram of Au per ton
b. Epithermal Gold and Silver deposits with at least a grade of 5 grams of Au per ton
c. Vein-type Gold deposits with at least a grade of 3 grams of Au per ton
d. Alluvial Chromite deposits for metallurgical grade

c. Vein-type Gold deposits with at least a grade of 3 grams of Au per ton

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Offshore areas closed to mining
applications are within what distance from the mean low tide level?
a. 20 meters
b. 50 meters
c. 200 meters
d. 500 meters

d. 500 meters

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F12 is a keyboard shortcut for:
a. Open
b. Open as
c. Save
d. Save as

d. Save as

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This is a graph or plot of one-half of the average squared differences between pairs of samples separated by increasing distances. This is a key tool in geostatistics for resource estimation.
a. Histogram
b. Variogram
c. Normal Distribution Curve
d. Regression

b. Variogram

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A mine rehabilitation bond requires
₱10,000,000 in 8 years. If the company invests at 6% annual compound interest, how much must it invest now?
a. ₱6,400,000
b. ₱6,300,000
c. ₱6,200,000
d. ₱16,000,000

b. ₱6,300,000

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It is a complementary angle to the vertical angle and is directly above the observer.
a. Nadir Angle
b. Zenith Angle
c. Vertical Angle
d. Horizontal Angle

b. Zenith Angle

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Which of the following CANNOT be found as a native element in nature?
a. Pt
b. As
c. S
d. Sn

d. Sn

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The contingency range of a feasibility study on the basis of operating costs.
a. ±10%
b. 15%-25%
c. ±25
d. ±15%

a. ±10%

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All are mine planning software except:
a. Whittle
b. Vulcan
c. Micromine
d. Datamine

c. Micromine

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Which of the following power plants does not emit any greenhouse gas during operation?
a. Geothermal powerplant
b. Nuclear power plant
c. Combined cycle gas-fired plant
d. Diesel-fired power plant

b. Nuclear power plant

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Which of the following best describes Sensitivity Analysis in project valuation?
a. A process of adjusting financial statements to account for inflation.
b. An evaluation technique that measures how changes in variables affect project outcomes.
c. A statistical technique that estimates the average variance of sample data within a mineral deposit.
d. An accounting process that tracks cash inflows and outflows during mining operations.

b. An evaluation technique that measures how changes in variables affect project outcomes.

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ICCs/IPs’ rights to ancestral domains include all EXCEPT: a. Rights to develop and use lands and resources including the right to negotiate the terms and conditions for the exploration of natural resources. b. Rights to stay in the territory and not to be removed without their free and prior informed consent, nor through any means other than eminent domain. c. Rights to transfer ancestral lands freely to any Filipinos. d. Rights to regulate entry of migrants settlers and organizations into the domains.

c. Rights to transfer ancestral lands freely to any Filipinos.

The following are the elements of space in surveying for determining the positions of points on or near the earth’s surface by means of measurements EXCEPT: a. Distance b. Elevation c. Direction d. Magnitude

d. Magnitude

Under RA 8371, what is the maximum period a non-member of the ICCs/IPs may be allowed to take part in the development and utilization of natural resources within ancestral domains? a. 10 years b. 25 years c. 50 years d. 100 years

c. 50 years

An intergovernmental organization established in 1957 by the United Nations that seeks to promote the peaceful use of nuclear energy and to inhibit its use for any military purpose, including nuclear weapons. a. International Atomic Energy Agency b. Nuclear Energy Agency c. International Energy Agency d. World Nuclear Association

a. International Atomic Energy Agency

A mine project requires an initial investment of ₱12,000,000. It generates ₱3,000,000 net cash inflow annually. What is the payback period? a. 3 years b. 4 years c. 5 years d. 6 years

b. 4 years

You are tasked to derive the ultimate pit limit. Which among the software will you use to produce the ultimate pit limit? a. Whittle b. Vulcan c. Micromine d. Datamine

a. Whittle

1 avoirdupois ounce is equal to what number in troy ounces? a. 0.91 b. 1.01 c. 28.35 d. 31.10

a. 0.91

As the demand for _______ like nickel, cobalt, and copper rises, the country looks to maximize the opportunities in the global market as it heads towards a more environment-friendly and sustainable economy. a. Critical minerals b. Green minerals c. Base metals d. Cheaper metals

b. Green minerals

What is a public forest under Philippine law? a. Lands of the public domain which have been the subject of the present system of classification and determined to be needed for forest purposes. b. Lands exclusively covered with natural forests and wildlife reserves. c. Lands of the public domain which has not been the subject of the present system of classification for the determination of which lands are needed for forest purposes and which are not. d. Portion of the public domain which has been set aside, in view of the suitability of its topography and vegetation, for the raising of livestock.

c. Lands of the public domain which has not been the subject of the present system of classification for the determination of which lands are needed for forest purposes and which are not.

This occurs when a country's inflation rate surpasses 50% each month, leading to uncontrollable price surges that erode purchasing power and destabilize economies. The most famous example is Germany during the early 1920s when inflation reached 30,000% per month, and Zimbabwe in 2008 at 79,600,000,000%. a. Galloping b. Shrinkflation c. stagflation d. Hyperinflation

d. Hyperinflation

35. CAPTCHA means: a. Completely Automated Public Turing Test to tell Computers and Humans Apart b. Computer Automated Public Turing Test to tell Cosplayers and Humans Apart c. Completely Automated Public Turing Test to tell Cyber-bugs and Humans Apart d. Computer-Assisted Public Turing Test to tell Cyborgs and Humans Apart

a. Completely Automated Public Turing Test to tell Computers and Humans Apart

A mining firm invests ₱1,000,000 today at 10% per annum compounded every year. What is the value of the investment after 5 years? a. ₱1,550,000 b. ₱1,600,000 c. ₱1,650,000 d. ₱1,700,000

b. ₱1,600,000

Permit Holders with tailings impoundment/disposal systems that discharge solid fractions of tailings into areas other than the approved tailings disposal area shall pay a penalty of: a. PhP 25.00/MT b. PhP 50.00/MT c. PhP 75.00/MT d. PhP 100.00/MT

b. PhP 50.00/MT

Which of the following is an example of a search engine? a. Yandex b. Duolingo c. Flickr d. Tidal

a. Yandex

You are driving a horizontal adit at the 1200 meter level to reach a vertically dipping vein whose outcrop appears at 1300 meter elevation. The slope between the portal and the outcrop is about 45 degrees. You are advancing at 6 meters per day. How long will it take you to hit the vein? a. 16 days b. 17 days c. 18 days d. 20 days

b. 17 days

Which of the following mining regulations stated that all valuable metals in abandoned ores and mine wastes and/or mill tailings generated by previous and now defunct mining operations belong to the State and shall be developed and utilized through competitive public bidding? a. EO 79 s2012 b. EO 270 s2004 c. EO 152 s2021 d. EO 130 s2021

a. EO 79 s2012

An internet connection that uses telephone lines to connect to the network is called: a. WLAN b. Modem c. DSL d. LAN

b. Modem

In 2017, the Revenue Regulation 7 of the Department of Finance reduced the Creditable Withholding Tax on the sales of gold to encourage small-scale miners to sell back their gold produce to BSP from 5% to? a. 1% b. 2% c. 3% d. 4%

a. 1%

A type of inflation that occurs when too much money chases too few goods. a. Cost-Push b. Built-In c. Demand-Pull d. Core inflation

c. Demand-Pull

According to the law, which of the following is not considered a quarry resource? a. Diatomaceous earth b. Dolomite c. Marble d. Serpentine

b. Dolomite

Which among the storage devices below uses a thunderbolt cable to transfer files? a. Disk-on-key b. Flash drive c. Memory card d. External hard drive e. Portable hard drive

d. External hard drive

Under the Philippine Mining Act, who is directly and primarily responsible for the safety and environmental compliance of a mining project? a. MEPEO Manager b. Safety Manager c. Resident Manager d. Shift Supervisor

c. Resident Manager

What is the maximum area onshore in the entire country for MPSA that a corporation may apply for or hold at any one time? a. 1,620 hectares b. 2,000 hectares c. 5,000 hectares d. 40,500 hectares

c. 5,000 hectares

A gold mine project costs ₱100,000,000. It generates ₱30M per year in net profit for 5 years. What is the total ROI at the end of Year 5? a. 25% b. 50% c. 100% d. 150%

d. 150%

The following are the auxiliary rights explicitly granted to holders of mining permits by the mining law, EXCEPT: a. Water rights b. Easement rights c. Timber rights d. Intellectual Property rights

d. Intellectual Property rights

This country’s slowdown in smelter output is due to the shutdown or suspension of operations because of a deepening shortage of copper concentrate, which could disrupt the supply chain. a. Peru b. Congo c. China d. Chile

c. China

What is the minimum depth of a vertical shaft that has to be driven to reach a 50degree dipping orebody which outcrops at elevation 1,400 meters, if the shaft collar is located about 100 meters from the outcrop (measured horizontally) but an elevation of 1,380 meters? a. 80 meters b. 100 meters c. 110 meters d. 120 meters

b. 100 meters

What deleterious gas commonly found in coal mines can be captured and converted into a valuable asset? a. Methane b. Carbon monoxide c. Sulfur dioxide d. Carbon dioxide

a. Methane

When was the Philippine Associated Smelting and Refining Corporation (PASAR) privatized? a. 1999 b. 2000 c. 2001 d. 2002

a. 1999

If the heating value of a certain coal deposit with an ash content of 8% is 12,000 BTU per pound on a received basis and 13,500 BTU per pound on a dry basis, what is the moisture content? a. 10% b. 11% c. 12% d. 13%

b. 11%

A financial report that shows a company’s revenues, costs, and expenses over a specific period. a. Profit and loss statement b. Cash Flow Statement c. Balance Sheet d. Financial Model Statement

a. Profit and loss statement

In computer applications, what is an ISP? a. Internet Service Provider b. Internal System Protocol c. Integrated Storage Processor d. Internet Signal Processor

a. Internet Service Provider

Which of the following is not a critical energy transition mineral ideal for use in renewable technology for the shift from fossil fuel–based energy systems? a. Lithium b. Cobalt c. Nickel d. Lead

d. Lead

Money earned from selling goods or services. a. Revenue b. Net sales c. Cost of Good sold d. Net Profit

a. Revenue

If the main objective of a report is to present a company’s liquidity position, which financial report should be prepared? a. Balance Sheet b. Cash Flow Statement c. Income Statement d. Profit and Loss Statement

a. Balance Sheet

Machines: Depreciation ; Patent:_________ a. Depletion b. Amortization c. Salvage value d. Depreciation

b. Amortization

Depreciation is the gradual decrease in the value of a tangible asset over time due to the following except: a. Wear and tear b. Usage c. Obsolescence d. Extracted resource

d. Extracted resource

Onshore areas closed to mining applications are within what distance from the mean low tide level along the coast? a. 20 meters b. 50 meters c. 200 meters d. 500 meters

c. 200 meters

The minimum Hurdle Rate and Internal Rate of Return shall be _____ and ______ respectively for the evaluation of the mining project feasibility study for the Approval of the Declaration of Mining Feasibility and Applications for Mineral Agreements. a. 15%; 12% b. 10%; 12% c. 12%, 10% d. 12%; 15%

d. 12%; 15%

The primary purpose of a plumb bob as a traditional instrument in surveying is to: a. Measure horizontal distances b. Establish a vertical reference line c. Measure horizontal angles d. Determine elevations

b. Establish a vertical reference line

The search engine Bing is owned by which of the following? a. Microsoft b. Naver c. Apple d. Google

a. Microsoft

What is the basic fee for mill tailings generated from the mining operations? a. PhP0.05/MT b. PhP0.10/MT c. PhP0.50/MT d. PhP1.00/MT

b. PhP0.10/MT

A bankable feasibility study is required by lenders primarily _________. a. To assure themselves that the latest technology is going to be used b. Because it is required by the government and the law c. To assure themselves that the project repay the loan d. To show to environmentalists and opposition

c. To assure themselves that the project repay the loan

A measure of project return considering reinvestment at the cost of capital. a. External Rate of Return b. Internal Rate of Retrun c. Minimum Attractive Rate of Return d. Real Rate of Return

a. External Rate of Return

What are the dimensions of a standard SIM card? a. 30mmx18mm b. 12.3mmx8.3mm c. 15mmx12mm d. 25mmx15mm

d. 25mmx15mm

What shall be developed and implemented by the holder of an Exploration Permit or Mineral Agreement or FTAA in exploration stage which is funded equivalent to a minimum of 10.0% of the budget of the approved 2-year Exploration Work Program? a. Community Development Program b. Community Development Plan c. Community Action Program d. Community Action Plan

a. Community Development Program

All are developers of the PMRC, except one: a. GSP c. SMEP b. COMP d. PIEP

d. PIEP

This describes the broad, long-term aspiration that describes what the organization wants to achieve in the future. a. Mission b. Vision c. Objectives d. Goals

b. Vision

What is the administrative order of the revised guidelines for the classification of reporting standards of exploration results, mineral resources, and mineral reserves or the PMRC 2020? a. DAO 2020-08 b. DAO 2021-14 c. DAO 2022-04 d. DAO 2023-05

d. DAO 2023-05

Which of the following is the binding agent used in asphalt concrete mix? a. Bitumen b. Fly ash c. Lime d. Gypsum

a. Bitumen

The projected earnings or net cash flow of a newly developed mine is as follows: Year 1 - P 3.0 million Year 2 - P 3.0 million Year 3 - P 5.5 million Year 4 - P 4.0 million Year 5 - P 2.5 million If the mine is constructed at the cost of P12 million which will be funded from a loan borrowed at 13% interest per annum, what is the net present value (NPV) of the mine? a. P0.60 million b. P0.63 million c. P0.71 million d. P0.90 million

b. P0.63 million

An Ore Transport Permit is not necessary for ore samples not exceeding two (2) metric tons to be used exclusively for assay and pilot test purposes. What is issued instead? a. Certification from the MGB Director b. Certification from the MGB Regional Director c. Delivery Receipt d. Certification from Provincial/City Mining Regulatory Board

b. Certification from the MGB Regional Director

The Station Balanacan, also known as the Luzon Datum of 1911, is the Philippines' geodetic center and is the datum origin. Where is it located? a. Manila b. Cavite c. Marinduque d. Samar

c. Marinduque

All are advantages of nuclear energy, except: a. Low GHG emissions b. Reliable, stable supply c. High energy density d. Nuclear proliferation

d. Nuclear proliferation

How many kilobytes is a megabyte? a. 10 b. 100 c. 1000 d. 1000000

c. 1000

A railroad needs to be built from a mine located at elevation 2100 meters to a mill site at 1500 meters elevation. What is the minimum length of the railroad if the allowable grade is 1%? a. 50km b. 60km c. 70km d. 80km

b. 60km

A clean-coal technology that burns coal at lower temperatures with limestone/dolomite. It reduces nitrogen oxides and sulfuric oxides gases emission. a. Low-NOx Burners b. Fluidized Bed Combustion c. Flue Gas Desulfurization d. Electrostatic Precipitators

b. Fluidized Bed Combustion

Which of the following is an input device? a. Monitor b. Speaker c. Mouse d. Printer

c. Mouse

Which of the following refers to a cost that is already incurred and cannot be recovered regardless of future decisions? a. Overhead cost b. Fixed cost c. Sunk cost d. Direct cost

c. Sunk cost

Which of the following is a traditional surveying instrument used for direct plotting of details in the field? a. Theodolite b. Plane Table with Alidade c. Dumpy Level d. Tacheometer

b. Plane Table with Alidade

What is the minimum percentage allocation for the Development of Mining Communities, Sciences and Mining Technology from the operating costs annually? a. 1% b. 1.5% c. 3% d. 5%

b. 1.5%

Which among the elements can be used as a substitute for uranium as fuel in nuclear power plants? a. Thorium b. Krypton c. Palladium d. Cadmium

a. Thorium

UPS is used to provide backup power to a computer in case of an outage. What does UPS stand for? a. Uninterruptable Power Supply b. Uninterruptible Power Supply c. Universal Power Source d. Uninterruptable Power Source

b. Uninterruptible Power Supply

Which of the following is a NOT a physical storage device? a. SSD b. HDD c. Floppy disk d. Cloud

d. Cloud

Which among the rare-earth elements is found in most electronic gadgets? a. Promethium b. Neodymium c. Scandium d. Yttrium

b. Neodymium

Which of the following is the ‘brain’ of the computer? a. CPU b. GPU c. DPU d. SSD

a. CPU

Which agency was established through the collaboration of government, civil society, and the private sector to promote transparency in the reporting of payments made by mining companies to the government? a. MICC b. EITI c. PMRC d. MMT

b. EITI

It is a type of meridian determined by observing the position of the sun or a star. a. Magnetic b. Grid c. True d. Assumed

c. True

What was issued and granted by the Supreme Court in 2023 against government agencies and two mining companies in Palawan, filed by the ICCs on several grounds citing environmental damages? a. Writ of Kalikasan b. Cease and Desist Order c. Temporary Environmental Protection Order d. Writ of Amparo

a. Writ of Kalikasan

Which of the following does NOT belong to the 21-member economies of APEC? a. Papua New Guinea b. China c. United States d. Colombia

d. Colombia

Which of the following is usually not included in the valuation of porphyry copper deposits? a. Oxide zone b. Gossan c. Enriched zone d. Hypogene

d. Hypogene

A gold mine project costs ₱100,000,000. It generated ₱150M gross revenue for 5 years. What is the total ROI at the end of Year 5? a. 25% b. 50% c. 100% d. 150%

b. 50%

When was the first FTAA for the foreign owned large-scale mining approved? a. 1993 b. 1994 c. 1995 d. 1996

b. 1994

An option type where the settlement price is based on the average price of the asset over a certain period of time. a. European Option b. Asian Option c. American Option d. Put Option

b. Asian Option

A risk management strategy used to protect against potential losses from adverse price movements in assets, commodities, currencies, or interest rates. It usually involves taking an offsetting position in a related asset or financial instrument. The goal is not to make extra profit, but to minimize risk exposure. It reduces risk, but may also reduce potential gains. a. Arbitrage b. Speculation c. Hedging d. Diversification

c. Hedging

Which of the following is the most secure type of wireless connection utilizing Advanced Encryption Standard? a. WEP b. WPA c. WPA2 d. WAP

c. WPA2

Southeastern 2-2 Flashcards

(100 cards)