Regardless of how long you have worked in the mining industry, at some point, it is likely that you have taken part in a due diligence review; you might have been asked to help create a data room, perhaps your company is looking at a potential acquisition or maybe you’re a consultant with particular expertise needed by a due diligence team. Due diligence has likely impacted on many of us at some point in our careers. The scope of due diligence can be exceptionally wide – there are legal, marketing, and environmental aspects as well as all the technical details associated with a mining project; the amount of information provided can be overwhelming sometimes.

The mining industry is highly capital intensive and subject to large swings in profitability on account of the cyclic nature of commodity prices and socio-political risks. The volatility in commodity prices together with restricted labour markets and fluctuating material costs means the fundamental knowledge of mineral project evaluation becomes essential for all mining professionals. Managing mining due diligence in this environment involves a comprehensive understanding of key principles and project drivers together with knowledge of analytical tools to make an appropriate investment decision.

This 3-days course provides a practical application of fundamental principles and concepts of finance and project valuation applicable to the investment decisions in the resources sector. Learn how evaluation of mining projects can examine and reduce risk, increase confidence and demonstrate the sensitivity to assumptions. You will also have the tools to equip yourself and be more capable of technical-economic modelling and be able to run sensitivity studies to examine project risks in mining. The process of learning will be focused on numerical modelling workshops and evaluation of actual mining merger & acquisition deals involved an advanced mining project.

Pre-requisites: Please bring your own laptops with Microsoft Excel installed.

• Gain a thorough understanding of “The Process of Mining”
• Understanding of Key Financial concepts used in Mining
• Learn to perform comprehensive “technical due diligence”
• Avoid the more common pitfalls and lower project risk
• Understand what financiers will look for in a project
• Compare various resource and reserve classification schemes
• Understand international codes such as JORC and Valmin Codes
• Learn to value mining projects by discounted cash flow models
• Perform sensitivity and scenario analysis
• Examine methods of valuing exploration tenements
• Discuss current market trends and best practices with global case studies