Introduction to Mining and Mining Finance

Use will be made in the workshop sessions on Days 3 and 4 of the IC-MinEval software, an Excel™-based spreadsheet programmes automating all stages required to produce models for a wide range of mineral projects. IC-MinEval produces a Balance Sheet, and Profit and Loss account from the cash flows, with tax provisions linked to the Profit and Loss Account. The cost of debt is calculated, as is the weighted average cost of capital and the cost of equity. Output modules include the base case discount cash flows, as well as key financial ratios and performance indicators such as NPV, IRR payback and maximum cash exposure. Sensitivity analysis can be undertaken on key variables.

Delivery of IC-MinEval functionality for delegates participating in Days 3 and 4 will be from the Imperial College Software Hub. DLB can navigate IC-MinEval-based modelling by merging the workbook with the Team Meeting.  Delegates can access the Software Hub independently, separately and simultaneously on their laptops or PCs.

The course aims to provide guidance on key technical issues that affect the sector and can help assess and rank the opportunities in the mining investment.  Imperial College London has a long established reputation for delivering authoritative courses to the sector, through its ­continuing professional development activities in mining ­appraisal and finance.  This course aims to enhance an understanding of the business of mining.

The course will be delivered in self-contained modules. The first module, on days 1 and 2, is designed to provide an overview of the key technical aspects of the minerals industry. The second module, days 3 and 4, is based on workshop sessions, in which fully linked financial models will be used to determine the weighted average cost of capital and the optimum level of gearing for a range of mineral project types. Debt performance indicators and ratios will be considered.

 A copy of the book 'Metals and Energy Finance' will be provided as part of the course pack -  Please click here to view the book

The course is designed for mining geologists, mining engineers and mineral process engineers as well as aiming to broaden knowledge beyond their particular areas of expertise. It will also be of interest to support staff on active mining operations as well as those in International Development and Government, Financial Services and Commodity Trading and Consultants and Advisors involved in the minerals industry.

Edumine online learning: Approx 10 hours (Optional)

In advance of the course delegates will be enrolled onto Edumine’s “An Introduction to Modelling Metal Project Finance” online course which serves as an introduction to the critical issues associated with the debt financing of mining projects.