Metals and energy finance

Mining appraisal

Dates TBC 

Course details

  • Duration: 5 Half days of Live Remote Sessions
  • Time:  13.00 – 17.00 (GMT)
  • Fees:   TBC

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We are planning to implement the next generation of educational technology to permit flexible multi-mode delivery of this course with on-campus teaching as simultaneous face-to-face and on-line to participating delegates as an integrated system. Dates to be announced.

The programme covers mineral deposit studies, resource evaluation, basic petroleum systems, minerals engineering and extractive metallurgy, accounting and cash flow modelling and quantitative finance. By adopting this complementary approach, financial models can be used to identify how and why timing is critical in optimizing return on investment and to demonstrate how financial engineering can enhance returns to investors. Metals and Energy Finance capitalizes on this approach,and identifies and examines the investment opportunities offered across the extractive industry’s cycle, from exploration through evaluation, pre-production development, development and production.

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 “Metals and Energy Finance” course as a distance learning initiative covering both technical appraisal and financial evaluation of mineral projects.  This follows the successful delivery of the “Introduction to Mining and Mining Finance” course as an On-line option.

The course is made up of four modules: (*two of which run in parallel on Day 1)

 

Registered participants who attend and complete an evaluation at the end of the course will receive a formal Imperial College London Certificate of Attendance.

More information

Using Remote and Multi-Mode delivery, the course blends pre-recorded material with real time delivery to delegates using Microsoft Teams, allowing for interactive and engaging sessions. 

Pre-recorded presentations of key lectures will be available for delegates to review in advance of the course. During the live sessions, the recordings will be discussed within the tutorials, so they are essential viewing.  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.

Live sessions:

Delegates will be enrolled on the dedicated Team through the Microsoft Teams application. You will therefore require 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 recordings will be loaded onto the “Files” folder on the relevant Team Channel.

All Live sessions will be recorded and made available to registered delegates after each day.

Professor Buchanan addresses his lecture delivery strategy and terminology in his Northern Miner podcast with Adrian Pocobelli which was posted on 3 November.  

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.

Use will be made in the workshop sessions of the IC-MinEval software, an Excel™-based spreadsheet programme automating all stages required to produce models for a wide range of mineral projects. Participants will be able to retain digital copies of the spreadsheets that they generate during the course. It produces a Balance Sheet and Profit and Loss account from the cash flows, with tax provisions linked to the Profit and Loss account. 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 will be from the Imperial College Software Hub. Professor Buchanan 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. Delegates will need to have administrative rights and Excel on their laptops and will be given access to the functionality of IC-MinEval for one month after the course.

Pre-Recordings: Approx 5 hours

Key lectures for some of the sessions will be pre-recorded and all delegates will be expected to review these in advance, allowing faster delivery of the Live Teams sessions and a focus on those aspects that benefit most from interaction.

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. 

General information