mining appraisal

14 - 18 September 2020
with an optional workshop on mining projects 

Course details

  • Duration: 3 or 5 Half days
  • Time:  13.00 – 17.00 (GMT+1hr)
  • Fees:  3 Half days - £950    (Monday – Wednesday)

                5 Half days - £1175   (Monday – Friday)

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The development of digital learning platforms by Universities across the world have greatly enhanced the dynamics of a lecture room. As a direct result of the impact of COVID-19, The Imperial College Centre for Continuing Professional Development is launching its well established “Introduction to Mining for Bankers” as a distance learning initiative covering both technical appraisal and financial evaluation of mineral projects.

The course is designed to offer distance learning to mining geologists, mining engineers and mineral process engineers as well 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.

More information

Course aims

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.

Course structure and Delivery

The course will consist of Panopto pre-recorded presentations which will be sent to delegates 1 week before the start and during the live sessions recordings will be discussed with tutorials.  Delegates will be provided with the suite of PowerPoint slides used and a digital copy of the book 'Metals and Energy Finance' will be provided - Please click here to view the book.

Delegates will be enrolled as a dedicated Team on the Microsoft Teams application. You will therefore be required to have MS Teams which is part of Office 365.

Teaching will be delivered over 5 days with each live session starting 13.00 UK time and lasting four hours (20 contact hours in total). The PowerPoint presentations used in the Panopto video recordings will be loaded onto the “Files” folder on the relevant Team Channel.

Who should attend?

The course is designed to offer distance learning to mining geologists, mining engineers and mineral process engineers as well 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.

Workshop on mining projects and IC-MinEval

Use will be made in the workshop sessions on Days 4 and 5 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 4 and 5 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.