Mining Engineering II Board Exam 2019 PDF

**[MINING ENGINEERING II]** August 7, 2019 1. Under PMRC guidelines, what would you classify the **[results just after the completion of closely spaced drilling]** in porphyry copper deposits? A. Mineable ore reserves C. Proven mineral resources B. Ore reserves D. Proved ore reserves...

**[MINING ENGINEERING II]** August 7, 2019 1. Under PMRC guidelines, what would you classify the **[results just after the completion of closely spaced drilling]** in porphyry copper deposits? A. Mineable ore reserves C. Proven mineral resources B. Ore reserves D. Proved ore reserves 2. What **[law first instituted mining production sharing agreement]**? A. 1987 Constitution C. RA 7942 B. PD 463 - Mineral Resources Development Decree of 1974\" C. D. CA 137 -- first major mining act, Mining Act of 1936 3. Which of the following is a **[web browser]**? A. Netscape C. Safari B. All of these D. Mozilla 1. Google Chrome. 2. Lynx. 3. Opera. 4. Konqueror. 5. Internet Explorer. 6. Mozilla Firefox. 7. Safari. 4. If you are the superintendent of a mill treating 20,000 dry metric tons of 1% copper ore, what should be your minimum recovery to produce a 30% concentrate if your concentration ratio is 33.33? A. 80 C. 70 B. 60 D. 90 5. **[F5 is key]** to \_\_\_\_\_\_\_. A. Rename -- **F2** C. Refresh B. Save -- **CTRL+S** 6. How much should one invest to receive 1 million pesos six years from now if the interest rate is 10% compound annually (compute to the nearest 100,000 pesos) A. 700,000 C. 500,000 B. 600,000 D. 400,000 7. Tunneling is often necessary after a deposit has already been explored by drilling in order to: A. Reconfirm drilling results B. Upgrade reserve estimates C. All of these D. Obtain samples for metallurgical testing 8. Beneficiation of coal through a Baum Jig is made possible because of the difference in \_\_\_\_\_\_\_\_ between coal and waste A. Specific Gravity C. Color B. Heating Value D. Origin 9. In financial accounting, depreciation of an asset means \_\_\_\_\_\_\_\_. A. Decline in market value C. All of these B. Cost allocation D. Loss of value 10. What is the effective utilization of a shovel that was on standby for 1 hour, operated for 5 hours and was down for repair for 2 hours? A. 71.4% C. 62.5% B. 83.3% D.25.0% **(OH/OH+DH+STNDBYH: 5/5+1+2 \* 100 = 62.5%)** 11. What aspect of an underground coal mining operation has the greatest impact on safety, especially the prevention of gas explosions? A. Ventilation C. Mining method B. Drainage D. Production tonnage 12. What study is needed before a final investment decision can be made? A. Conceptual feasibility study B. Detailed feasibility study C. Preliminary feasibility study D. Scoping study 13. Which of the following characteristics of mine management can potentially enable a company to leap from "good to great"? A. All of these D. Traditional B. Resistant to change E. Conservative C. Innovative 14. Which of the following power plants does not emit greenhouse gas? A. Super critical coal fired power plant B. Nuclear power plant C. Combined cycle gas fired plant D. Diesel fired power plant 15. Whose interest should a mining engineer consider as most primordial in the practice of the profession? A. Senior management C. Client B. General Public D. Fellow mining engineers 16. 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 C. To assure themselves that the project can pay for the loan D. To show to environmentalist and oppositors 17. Palawan is generally more technically stable than the rest of the Philippines because \_\_\_\_\_\_\_\_\_. A. Palawan used to be part of the more stable Asian continent B. Most known oil fields are in Palawan C. All of these D. Palawan is underlain mostly by ultramafic rocks Palawan is the most stable island of the Philippines since **its foundation are continental rocks extending 30 kilometers below**. Aside from that, Palawan also has no active volcanoes, no active fault lines and no deep trenches surrounding the area. According to study, the Northern Palawan's foundation is composed of continental terrain which is **originally part of the Eurasian plate**. 18. How does the weakening of the peso vis-à-vis the US dollar impact on a mining company's import of equipment and supplies? A. Positively C. Negatively B. None of these D. Neutral 19. The keyboard shortcut for SAVE AS is: A. Ctrl + S C. Ctrl + V B. Ctrl + P D. F12 20. Which of the following is a mine planning software? A. Laptop C. Excel B. Wordstar D. Gemcom 21. The environmental impact from the emission of carbon dioxide in the combustion of coal is primarily: **A. Methane** A. Tantalum -- transition metals, alloy A. Cash Flow statement -- movement sa money, in and out, walay apil ang mga noncash ( dep, amort) A. 424 cm **A. Mitigate global climate change** B. Reduce acid rain A. Magnesite - In [[metamorphic]](https://www.minerals.net/Mineral_Glossary/metamorphic.aspx) [[serpentine]](https://www.minerals.net/Mineral/serpentine.aspx) rock and [[hornfels]](https://www.minerals.net/Mineral_Glossary/hornfels.aspx), in [[hydrothermal]](https://www.minerals.net/Mineral_Glossary/hydrothermal.aspx) deposits, and in [[sedimentary]](https://www.minerals.net/Mineral_Glossary/sedimentary.aspx) beds (CARBONIZATION -- MgCO3) A. MySpace A. Wholesale electricity spot market - is the venue for trading electricity as a commodity in the Philippines A. When it is left underground A. Carboniferous biomass **A. PD 463** A. High moisture, di maka improve  **A. Hurdle rate** B. IRR **A. Accounting rate of return** B. Discounted cash flow rate of return,  C. Return of assets, D. Internal rate of return, **A. Value of equivalent of coal displaced - wa ko kasabot na, tabangi ko ** 41. What annual contest in the mining industry has the greatest impact on the mitigation of global warming? A. **Best mining forest -** [Mining and mineral processing firms in Palawan were hailed winners of the 2021 Presidential Mineral Industry Environmental Award (PMIEA), Best Mining Forest Contest, and Safest Mines Awards for their environmentally and socially responsible] operations B. Safest open pit operations C. Safest underground operations D. None of these 42. In evaluating a project, what is the analysis that involves considerations of factors that affect investments, **but which cannot be quantified**? A. Intangible - [An intangible cost **is an unquantifiable cost** emanating from an identifiable source that can impact, usually negatively, overall company performance]. C. Sensitivity B. Financial D. Economic 43. What is the agency set up by the government, civil society, and the private sector **to promote transparency in reporting payments to the government by mining companies**? A. BIR - Bureau of Internal Revenue B. COA- Commission on Audit D. MICC- **The Climate Change Adaptation and Mitigation** and **Economic Development Cabinet Clusters,** shall constitute themselves into an interagency forum to be known as the **Mining Industry Coordinating Council (MICC).** 44. How deep a 45-degree decline (to the nearest meter) should you sink to reach the footwall of the coal seam dipping 45 degrees with an apparent thickness of 10 meters? A. 78 C. 79 B. 80 D. 81 45. What is the system that allows **owners of private generators to operate their plants during light power situations**? A. BOT - Under a build-operate-transfer (BOT) contract, **an entity---usually a government---grants a concession to a [private company to finance, build and operate a project]**[.] B. Feed-in-tariff - The Philippine Feed-In Tariff (FiT) policy was **designed to provide a guaranteed fixed price to RE investors for a period of twenty (20) years to develop renewable technology**. C. Interruptive load program - Interruptible **Load Program** (ILP) is one of the available instruments to [help mitigate the energy supply deficiency] in the Philippines until new capacities become available on the grid D. Portfolio standards - The RPS mandate **requires all [utilities to increase the use of renewable energy by 1% per year beginning in 2020 until 2030]**. [[Philippines Renewable Portfolio Standard (RPS)]](https://greeningthegrid.org/news/new-resource-philippines-renewable-portfolio-standard-rps-planning-calculator#:~:text=The%20RPS%20mandate%20requires%20all,resources%20are%20identified%20and%20procured.) 46. If the heating value of a certain coal deposit with an ash content of 10% is 10000 BTU per pound on a received basis and 12,500 BTU per pound on a dry basis, what is the moisture content? A. 30% C. 20% B. 10% D. None of these 47. If you are evaluating several mining properties being offered to your employer who wants a **quick recovery of his investments**, which of the following would you use for quick comparison of the properties? A. IRR C. NPV B. Discounted cash flow D. Payback period [- The payback period is the length of time it takes **to recover** the cost of an investment or the length of time an investor needs to reach a breakeven point] 48. What is the metal that is mainly used as an alloy with chromium and other metals to produce stainless steel and heat resistant steel? A. Lead C. Copper B. Zinc D. Nickel - [Stainless steel is a corrosion-resistant alloy of iron, chromium and, in some cases, nickel and other metals.] 49. Which of the following coal properties is not shown in a proximate analysis? \*(**ultimate analysis -- OCHSIN / proximate -- FVMA)** A. Moisture content C. Calorific value B. Ash content D. ash analysis 50. In an **FTAA a foreign company's beneficial ownership of a mining operation is allowed** up to A. None of these C. 40%- FTAAs and MPPs are available to both Filipino and foreign mining entities. MAs or MPSAs are restricted to Filipino individuals, or companies at least 60% of the capital of which is owned by Filipinos or Philippine companies; thus, foreign parties are limited to a 40% direct equity interest[.] B. 60% D. 100% - [There are currently three fiscal regimes for large mines: mineral production sharing agreements (MPSAs) outside mineral reservations, MPSAs in mineral reservations, and financial and technical assistance agreements (FTAAs), which is the only fiscal regime that permits 100 percent foreign ownership. To date all FTAA agreements are for mines outside mineral reservations. ] 51. Which of the following is used primarily in the drilling business to **prevent blow-outs because it is a heavy inert material**? A. Fuller's earth C. Fluorspar B. **Barite** C. Bentonite 52. The annual investments that a company must make is known as \_\_\_\_\_\_\_\_\_. A. OPEX C. EBITDA -- B. EBIT D. **CAPEX** 53. Locating a power plant very close to a 50% moisture lignite mine enhances the mine's viability because: A. All of these B. Trucking lignite means trucking material that is 50% water C. Trucking lignite runs the risk of spontaneous combustions while in transit D. **Transmitting electricity is cheaper than trucking lignite** 54. What particular market has recently stirred up worldwide demand for lithium and led to a steep price hike? A. Lubricants B. Polymers and refrigerators C. **Rechargeable batteries for cars** D. Ceramics/Glass 55. Which of the following is excluded in determining a company's EBITDA? A. Amortization C. **All of these** B. Income Tax D. Depreciation 56. What country is the largest producer and significant user of rare earth metals? (China) A. Australia D. Mongolia B. **None of these** E. Japan C. Russia [China is the world\'s largest producer of REEs, accounting for almost 60% of global annual production, estimated at 140,000 tonnes for 2020.] Most of the remaining 40% is shared between the REE top Producer: 1. China 2. United States, 3. Burma (Myanmar), 4. Australia 5. Thailand 6. Madagascar 57. Lepanto's copper concentrate when it was mining luzonite and enargite (Cu~3~AsS~4~) had to be roasted primarily to remove the: A. **Arsenic** C. Sulfur B. Sulfur oxides D. Mercury 58. What law gave NPC the monopoly in power generation? A. EO 215 C. **PD 40** B. 1987 constitution D. PD 463 59. What activity in a mine can best contribute to the mitigation of global climate change? A. Effective control of acid mine drainage B. Proper waste disposal C. **Reforestation** D. Effective tailings disposal system 60. Which of the following is not allowed on the basis of the ruling by the Supreme Court on the constitutionality of FTAAs? A. **None of these** B. Using foreign consultants C. All of these D. Management and control of operations by foreigners 61. What do you press when you want to lock your screen? a. None of these b. **Windows keys + L** c. Both CTRL+ALT+DEL then enter and Windows key + L d. CTRL+ALT+DEL then enter 62\. Which of the following organizations now MOST adversely affected by the current regime of low oil prices? a. APEC (*Asia-Pacific Economic Cooperation)* b. ASEAN (*Association of Southeast Asian Nations*) c. OECD (*Organization for Economic Co-operation Development*) d. **OPEC (*Organization of the Petroleum Exporting Countries*)** **TOP 5 LARGEST OIL RESERVE (2022) TOP 5 OIL PRODUCING COUNTRY (2022)** Venezuela United States Saudi Arabia Russia Canada Saudi Arabia Iran Canada Iraq Iraq 63\. What is the cost of raising money by borrowing, or issuing bonds? A. Opportunity cost of capital - the incremental return on investment that a business foregoes when it elects to use funds for an internal project, rather than investing cash in a marketable security B. Economic cost of capital C. Shadow cost of capital D. Financial cost of capital 64\. \"too many dollars chasing too few good" ***INFLATION*** ***Demand pull inflation*** aggregate demand increases at a faster rate than aggregate supply (SHORTAGE) ***Cost-Push Inflation*** increase in the price of inputs due to the shortage of cost of production, leading to decrease in the supply of outputs **Inflation vs. Deflation** *Inflation* occurs when the prices of goods and services rise, while *deflation* occurs when those prices decrease 65\. Which of the following shows the relationship between two variables in an *economic analysis*? **Economic analysis:** **Cost-effectiveness analysis** weigh a project's effectiveness against its price **Cost-utility analysis** compare the costs and effects of alternative interventions **Cost--benefit analysis** a feasibility study A. Sensitivity analysis B. None of these C. Decision tree analysis D. Monte carlo analysis A decision tree typically starts with a single node, **which branches into possible outcomes**. Each of those outcomes leads to additional nodes, which branch off into other possibilities. This gives it a treelike shape. There are three different types of nodes: chance nodes, decision nodes, and end nodes. 66\. A PC can be connected to a monitor/TV via the following EXCEPT A. HDMI (*High-Definition Multimedia Interface*) B. VGA (*Video Graphics Array*) C. **Serial** D. DVI *(Digital Visual Interface)* Most common types of [[monitor ports and cables]](https://www.hp.com/us-en/shop/tech-takes/most-popular-computer-cable-types): **HDMI** **DVI** **DisplayPort** **VGA** **USB-C** 67\. What best **measures the total value of a mine**? A. Total reserves B. Total production C. Total cash flows D. **Net present value** 68\. What is the scheme under ***the renewable energy law (RA 9513)*** by which **excess power from a solar PV installation can be sold to the grid and can be used to offset part of one\'s electricity bill**? A. Portfolio standards B. Priority dispatch C. **Net metering** D. Feed in tariff 69\. Which of the following costs are **deducted over time**? A. **All of these** B. Amortization C. Depletion D. Depreciation 70\. In reviewing an **old mine valuation report prepared by others, what should you scrutinize most carefully**? A. geology B. conclusions C. **assumptions** D. methodology 71\. In a feasibility study of a labor-intensive open pit mine, where would you charge the cost of a hand shovel that lasts only a few months? A. depreciation - *more than 1 yr* B. operating costs C. G & A (General and Administrative) D. capital costs 72\. What law first allowed the private sector to go into power generation? A. PD 910 (creation of *Energy Development Board)* B. PD 40 (Establishing basic policies for the electric power industry) C. RA 9136 - EPIRA (Electric Power Industry Reforms Act of 2001) D. EO 215 (Amending Presidential decree no. 40 and allowing the private sector to generate electricity) 73\. Under EO 79, which of the following metals is allowed to be mined through small scale mining? ***gold, silver, chromite*** 74\. What law was recently promulgated **to fast track the implementation of energy projects of national importance**? A. EO 79 -Gina Lopez (Policies and guidelines to ensure environmental protection and responsible mining in the utilization of mineral resources) *B. **EO 30*** -- Creation of **Energy Investment Coordinating Council (EICC)** -Section 2 (EPNS) ***Energy Projects of National Significance*** C. EO 80 (Farm-in Farm-out) D**. EO 215** (Amending Presidential decree no. 40 and **allowing the private sector to generate electricity)** 75\. Which of the following is **an incentive that enables mining companies to reduce their tax liabilities**? Accumulated Depreciation - cumulative depreciation of an asset up to a single point in its life - a ***contra*** asset account, meaning its natural balance is a credit that reduces the overall asset value - the sum of all recorded depreciation on an asset to a specific date *Straight-line depreciation* **Accelerated Depreciation** - any depreciation method **that allows for the recognition of higher depreciation expenses during the earlier years** - used for accounting or income tax purposes that allows greater depreciation expenses in the early years of the life of an asset *Double-declining balance (DDB)* *Sum of the years' digits (SYD)* *NOTE**!! Companies may use accelerated depreciation for tax purposes, as these methods result in a deferment of tax liabilities since income is lower in earlier periods*** 76\. In a study which considers various scenarios, the base case is usually the; a\. worst case scenarios B. most optimistic scenario C. **most likely scenario** D. none of these 77\. If you receive an email from yahoo asking for both your username and password, what should you do? A. Reply with complete answer B. Reply with password only C. Reply with username only D. **Ignore and delete the email** 78\. What did the **Philippines win in the international arbitration with regards to the South China Sea**? A. All of these B. Ownership of the Spratleys C. Ownership of Benham Rise D. Ownership of Scarborough Shoal **E. Recognition of its exclusive economic zone over the Spratleys** 79\. Which of the following is a **sulfate used in oil drilling because it is inert and heavy**? A. Bentonite B. **Barite** C. halite (rock/table salt)- NaCl D. fluorspar- CaF**2** 80\. What are **websites and applications that enable users to *create and share content or participants* in social networking**? A. Facebooking B. Social networking site C. Online support group D. Social media E. Social networking site 81. What is the future value of a 1-million-dollar investment four years from now at an interest ================================================================================================ rate of 10% compounded semi-annually? A. 2.16 million B. 1.80 million C. 2.14 million D. 2.10 million 82\. Which of the following is a greenhouse gas? A. sulfur dioxide **B. methane** C. carbon monoxide D. oxygen List of GHG: - - - - - - - - 83\. What does AI stand for? A. Asynchronized Input B. Assumed Indentation C. Allen Iverson **D. Artificial Intelligence** 84\. How deep a shaft needs to be sunk to penetrate the bottom of a gold vein inclined at minus 45 degrees from a point 100 meters away from the outcrop, which has a true thickness of 10 meters? A. 110 meters B. 120 meters C. 115 meters D. 105 meters 85\. **NO QUESTION** A. All of these B. BHO- browser helper object C. extension -- jpeg pdf exe D. apps 86 Which of the following is **not renewable energy**? A. None of these B. Wind power plant **C. Nuclear power plant** D. Solar power plant 87\. Future cash flows are discounted in order to determine? **NPV** A. B. Payback period C. D. overall profitability 88\. What does UPS mean? A. Unbalanced power supply B. user personnel security C. **uninterruptible power supply** D. uninterrupted power supply 89\. What **law first allowed the majority participation of foreign company financial or technical** **assistance agreements**? A. PD 87 -oil explo and dev act B. 1987 Constitution art xii sec 2 C. PD 463 D. Mining Act of 1995 Section 2. All lands of the public domain, waters, minerals, coal, petroleum, and other mineral oils, all forces of potential energy, fisheries, forests or timber, wildlife, flora and fauna, and other natural resources are owned by the State. With the exception of agricultural lands, all other natural resources shall not be alienated. The exploration, development, and utilization of natural resources shall be under the full control and supervision of the State. The State may directly undertake such activities, or it may enter into co-production, joint venture, or production-sharing agreements with Filipino citizens, or corporations or associations at least sixty *per centum *of whose capital is owned by such citizens. Such agreements may be for a period not exceeding twenty-five years, renewable for not more than twenty-five years, and under such terms and conditions as may be provided by law. In cases of water rights for irrigation, water supply fisheries, or industrial uses other than the development of water power, beneficial use may be the measure and limit of the grant. The State shall protect the nation's marine wealth in its archipelagic waters, territorial sea, and exclusive economic zone, and reserve its use and enjoyment exclusively to Filipino citizens. The Congress may, by law, allow small-scale utilization of natural resources by Filipino citizens, as well as cooperative fish farming, with priority to subsistence fishermen and fishworkers in rivers, lakes, bays, and lagoons. The President may enter into agreements with foreign-owned corporations involving either technical or financial assistance for large-scale exploration, development, and utilization of minerals, petroleum, and other mineral oils according to the general terms and conditions provided by law, based on real contributions to the economic growth and general welfare of the country. In such agreements, the State shall promote the development and use of local scientific and technical resources. The President shall notify the Congress of every contract entered into in accordance with this provision, within thirty days from its execution. ( [[https://www.officialgazette.gov.ph/constitutions/the-1987-constitution-of-the-republic-of-the-philippines/the-1987-constitution-of-the-republic-of-the-philippines-article-xii/]](https://www.officialgazette.gov.ph/constitutions/the-1987-constitution-of-the-republic-of-the-philippines/the-1987-constitution-of-the-republic-of-the-philippines-article-xii/) ) 90\. Which of the following is the latest mining opposition worldwide? A. cyber hacking B. theft of minerals **C. opposition from anti-mining groups** D. too much regulation 91\. One of this is not part of the main functions of a basic computer A. Input **B. Storage** C. Processing D. Output The primary function of the central processing unit is to execute programs. The four basic functions of a computer are: **input, storage, processing, and output**. ( [[http://elempresario.mx/sites/default/files/scith/what-are-the-4-main-functions-of-a-computer%3F.html]](http://elempresario.mx/sites/default/files/scith/what-are-the-4-main-functions-of-a-computer%3F.html) ) 92\. Which of the following is a key parameter in determining petroleum reserves? A. permeability of reservoir rock B. integrity of seal **C. all of these** D. porosity of the reservoir rock 93\. Which of the following fuels emits the LEAST amount of greenhouse gas when used in a power plant? A. Natural gas B. Coal C. Oil **D. Uranium** 94\. The PMRC is patterned after the \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_. A. AIME B. ISO C. **JORC** D. All of these 95\. What do you call a mining company\'s cash outlay that is essentially **\"bet on the future\"?** A. Operating costs B. Income tax C. **Capital Expenditure** D. Dividends 96\. How deep a hole (to the nearest meter) will you have to drill to fully penetrate a gold vein located 100 meters away from the drill site dipping 60 degrees if the true thickness of the gold vein is 2 meters? A. 176 B. 179 C. 177 **D. 178** 97\. The **most important use of a computer in a mine** is; A. provide jobs for IT experts B. increase reserves C. substitute for human judgement **D. facilitate repetitive work** E. all of these 98\. Who is **ultimately responsible for the [financial statements] about a mine**? A. Chief Executive Officer B. Board of Directors c. C. **Chief Financial Officer** - **A Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of their company. CFO manages the financial resources while the Chief Accountant manages the accounting operation.** Therefore, CFO needs to have accounting knowledge and additional knowledge about analysis and evaluation so that they can build financial statements and financial strategies for businesses. D. Chief accountant - overseeing the accounting department, developing financial strategies, making investment decisions, helping company leadership with strategic planning, and making sure the company complies with state and federal financial regulations 99\. A coal deposit has an as received heating value of 10,000 BTU per pound, 20% moisture, and 10% ash. What is the heating value on a dry basis in kilo-calories per kilogram (computed to the nearest 100)? **A. 6900** B. 7900 C. 7500 D. 5600 10000/(1-20%)= 12 500 12500 x 0.555 = 6943 Note: 1 kcal/kg = 0.55556 100\. Which of the following is a political risk that must be taken into consideration in the evaluation of a new mining project, especially by foreign companies? **A. threat of nationalization** B. marketability of product C. selling price of product D. insufficient of data Nationalization is "the act of taking assets into state ownership. Usually it refers to private assets being nationalized."(wordiq.com). Nationalization is generally seen as a means of redistribution and as a means of protecting strategic industries. However, it does entail various costs and challenges.