Mining Economics – Australia - Remote

RPMGlobal in association with School of Rock are delivering a remote Mining Economics course. 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 an ebook of Dr. Ian Runge’s Mining Economics & Strategy textbook.

Course contains approx. 5 x 3hr sessions (total 15hrs)
Workshops completed outside of session times
Session Times are 9am to 12pm SAST daily
Instructor-led training delivered via Webex
Digital Training Material Provided (including ebook on Adobe Digital Editions)

Course is beneficial Mining Engineers and Operations personnel wanting to increase their knowledge in mining economics. Participants should have a good working knowledge of Excel prior to joining.

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All courses require a minimum number of participants to proceed.

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Equipment management fundamentals

What is equipment management, equipment management framework, sustainable return on investment, value proposition, and achieving corporate goals.

Understanding life cycle costing

Introduction to Life Cycle Costing and practical applications of the method.

Economic life determination

Equipment life maximised and cost minimised.

Residual value in major components

Predicting life of equipment in time and diminishing value.

Establishing a framework

Process development, identifying layers, aligning people / systems / resources, process health, and ongoing refinement.

Bringing it all together

Dynamic Life Cycle Costing, budgeting, reliability, economic life determination, knowledge database, master data, and maintenance maturity

Learn how to align asset management with organisational objectives.
Increase knowledge in how to create a lowest production cost culture.
Understand effective techniques and philosophies to manage equipment.
Learn how to create and apply life cycle costing models.
Understand and practically apply reliability concepts.
Know how to perform asset management maturity reviews.
Learn how to prioritise asset management
improvement strategies.

Maintenance Managers and Engineers
Cost Analysts
Purchasing and Supply Chain
Equipment Manufacturers and Dealers
Production Professionals
Suppliers and Financial Analysts

Course Details Download PDF

Mining Economics – Australia - Remote

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