The global financial crisis choked off access to debt and capital for many mining and metals companies, causing investment patterns to change radically. Project finance and debt have given way to follow-on equity issues, corporate bonds, and a resurgence of IPOs. Attend this 3-Day Masterclass and allow our expert trainer to walk you through the complex and ever-changing world of mining finance and provide the skills and insight needed to be successful in the industry.
KEY TERMINOLOGY & PROCESSES • ASSESS THE VIABILITY OF MINING PROJECTS • PRACTICAL FINANCE OPTIONS
Address Key Issues
Look at risk and value over the life of a mine, as well as exploring the various studies and frameworks involved in exploration and mine development
Gain A Full Understanding
Learn valuation methodologies to help you value both mining projects and mining companies
Key Takeaways
Make better investment decisions by mastering project evaluation and capital budgeting
GET TO GRIPS WITH THE FINANCIAL SIDE OF MINING
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 make the fundamental knowledge of mineral project evaluation essential for all mining professionals. Managing mineral projects in this environment require a comprehensive understanding of key principles and project drivers together with knowledge of analytical tools to make appropriate investment decisions.
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. In addition to fundamental concepts in finance, the participant will obtain a detailed understanding of analytical tools, economic modelling approaches, risk assessments methods and advanced project valuation methodologies. The process of learning will be focused on numerical modelling workshop and valuation of actual mining operations.
IN JUST 3 DAYS YOU WILL:
- Gain a thorough understanding of “The Process of Mining”
- Estimating capital and operating costs
- Understand Key Financial concepts used in Mining
- Discover key Excel Functions used in Investment Evaluations
- Understand Economic Model Construction
- Learn about Discounted Cash Flow (DCF) modelling and evaluation of mining projects
- Explore Sensitivity Analysis
- Conduct Monte Carlo Simulation using Crystal Ball Software
- Gain an overview of Real Option Valuation
- Audit an economic evaluation model
MEET YOUR TRAINER
Our Expert Trainer has worked for some of the largest global resource companies around the world such as BHP Billiton and Rio Tinto. Over the last 30 years, he has worked across the various disciplines of the mining industry, including mining, mineral processing, marketing, feasibility studies, project management, business planning, business improvement. He also consults on areas such as valuation, due diligence, M&A and stock market listings on ASX, SGX, LSE, and TSX.
Organisations that will benefit:
- Management/Decision Makers
- Commercial Managers
- Investment Bankers
- Transaction Advisors
- Mining Analysts
- Fund and Asset Managers
- Project Appraisers and Bankers
- Industry based Geologists and Engineers
- Strategic and Business Planners
- Lawyers
- Government Officials
Who will attend:
- Mining Companies
- Energy Companies
- Investors
- Suppliers
- Government Bodies & Regulators
- Financial Advisors & Consultants
- Banks & Investors
COURSE AGENDA
Day 1: Introduction & Fundamentals to Mining Finance ⇓
- Geology in a Nutshell
- Mining in a Nutshell
- Mineral Processing & Smelting
- Economic Evaluation Procedure
- Mining Capital & Operating Costs
- AusIMM Guidelines for Capital and Operating Cost Estimates
- Workshop – Building up Cost Model
- Workshop – Incremental Costing for Mining Alternatives
Day 2: Analysis and Review Of Mining Finance & Financial Models ⇓
- Common Financial Terms used in Mining
- Materiality
- Workshop – Computation of WACC
- Workshop – Depreciation in Mining Projects
- Workshop – Real and Nominal
- Economic Modelling of Mining Project
- Building Economic Model
- Workshop: Building Models working with real projects -Coal Mine/Copper Mine
- Modeling for Bulk Commodities (Iron Ore, Bauxite and Coal)
- Case Study – understanding mining scoping studies
Day 3: Mining Decision Making Process ⇓
- Modeling for Base Metals and Gold: Gold, Copper, Lead, Zinc Projects
- Case Study – understanding mining feasibility studies
- Real Options and what are Real Options
- Monte Carlo Simulation
- Valuation of Mining Projects using simple Real options
- Workshop – Probabilistic project NPV with options
- Mining Decision-Making Process
- Business Case Understanding
- Decision-making process on mining project approvals
For further information please call: +44 (0)1372 308547
or click on the brochure tab below
“Excellent introduction to mining finance by a very experienced presenter who taught us in a practical and simple to understand manner. Small classes made the sessions highly interactive & dynamic.”
– Birte Norheim, CFO - Nordic Mining
“This is one of the best training on the subject of Mining Finance. The trainer was brilliant throughout the course.”
– Amachu A Bah, Banker – Group Head, Guaranty Trust Bank (SL) Ltd
