This course provides participants with a solid foundation in the fundamental principles of mining economics. It focuses on cost efficiencies involved in every step of the mining process and provides an introduction to systematic planning and the importance of engineering decision-making based on costs. Each participant will receive a set of financial modelling templates and Dr Ian Runge’s Mining Economics & Strategy textbook.
RPMGlobal Perth Level 18, 108 St Georges Terrace, Perth, WA 6000 Australia
AUD$2,650 ex GST per person. Discounts available for multiple registrations.
Overview of the Mine Planning process, and application of economic evaluation procedures
Value at a constant point in time, discounted cash flow analysis, discount factors (risk & uncertainty), and inflation.
Discounted cash flow ranking criteria, and discounted average cost
Machine life & capital cost, operating costs, and first principal cost modelling.
Systematic planning process, and economic data at each phase of the planning cycle
Economic definition of cost, types of costs, and average verse marginal costing.
Undeveloped deposits, initial assessments, and capital values & development strategies.
Payback, sensitivity analysis, and other subjective measures.
Mining for Non-Miners
October 10 @ 8:30 am - October 11 @ 5:00 pm
October 12 @ 8:30 am - October 13 @ 5:30 pm