The drive to exploit a mineral resource, such that it adds as much value as possible to the mining business, requires a continual update of the mine plan and the rapid implementation of any value-adding opportunities as they arise.
This webcast introduces participants to financial and economic concepts such as net present value and economic theory, and how these apply to mining versus other traditional industries.
The participants will then learn about 5 key technical levers in mining that can be used to evaluate avenues for creating additional value by generating alternative mine plans while incorporating the time value of money. The impact of pulling these levers will be shown through worked examples.
On completion of the course, participants will be able to recognize and understand the importance of the 5 key technical levers in mining that can effectively unlock value from mining projects.
- Mining method selection
- Process route selection
- Scale of operation
- Sequence and scheduling
- Cut-off grade policy
This course requires participants to undertake numerous calculation-based exercises to effectively demonstrate the impact of each of the key levers that will be addressed. All participants will be provided with template/pre-filled Excel spreadsheets to minimize time spent on data entry. Good knowledge of Excel is therefore required.
Who Should Attend?
This course is designed for participants with mining industry exposure who want to gain an appreciation of the fundamental mine planning process and the key levers that drive value within mining operations. It is also recommended for mine planning professionals who want to refresh their mine planning knowledge.
Prior to the course, registered delegates have access to the online e-learning material consisting of three introductory courses titled Mine Planning 1 - Strategy, Mine Planning 2 - Operations, and Mine Planning 3 - Optimization.
Certificate in Mining Studies
This course qualifies for one day of short course credit for the Certificate in Mining Studies (CMS), a continuing education program of accredited short courses, webcasts and online courses for lifelong learning in mining, supported by University of British Columbia, University of Arizona and University of Concepción. more details »
Continuing Professional Development (CPD)
Registered participants who attend the entire webcast and complete an evaluation at the end of the course will receive a Certificate of Attendance, confirming the Professional Development Hours (PDH)/Continuing Education Units (CEU) earned. Please confirm with your employer and/or professional association that this course qualifies for CPD.
This webcast will be held from 1:00pm to 4:00pm PDT/Vancouver, Canada time.
Check the exact time and date in your city.
This webcast is divided into three sessions, one per day, with following topics:
- The value chain model and its application in mining
- Net Present Value (NPV) and Discounted Cash Flow (DCF) calculations
- Introduction of concepts such as general economic theory, theory of the mining firm, Hotelling's exploitation model
- Worked example of Hotelling's r percent rule
- Mine planning in the mining business context?
- Categories of mine planning
- The strategic mine planning model
- Introduction to basic mining concepts
- Marginal/breakeven cut-off grade
- Equivalent grade
- Introduction to pit limit optimization algorithms
- Floating cone
- 5 key levers for creating value
- Lever 1 - Mining method selection
- Lever 2 - Process route selection
- 5 key levers for creating value (continued)
- Lever 3 - Scale of operation
- Lever 4 - Sequence and scheduling
- Lever 5 - Cut-off grade policy
- Case study
How to Register
To register yourself, click the ‘Register Now’ button and complete the online registration form.
To register on behalf of someone else, or to register groups of 2 or more, please contact us; discounts may apply.
Questions? Please contact Edumine: +1 604 683 2037 or [email protected] and we will get back to you during regular business hours, Monday - Friday, 8:00am to 5:00pm Pacific Time.
Online registration ends 15 minutes prior to the webcast; however phone registration can be accepted up to the start of the webcast. Please call +1 604 683 2037 ext. 259 for last-minute reservations. Webcasts fill up quickly. Early booking is advised!
The fee covers the lecture, access to electronic course notes, Pre-Course e-Learning and a certificate of attendance.
Early Bird: there is a 10% discount if you register at least 30 days prior to the course start date. A 10% discount is offered for groups of 5 or more OR if you provide your Annual Edumine subscription User ID at time of registration. The maximum discount that can be applied is 20%.
This webcast is designed for both individual and group participation and would make an excellent company-sponsored in-house training event. If you have a group of twenty or more who would like to attend this course from one location, please contact us at +1 604 683 2037 for special pricing.
How Webcasts Work
It's easy and our webcast saves on fees, travel and time! You will be able to ask questions and have live discussions during the webcast just as if you were there in person. At the time of the webcast, you connect to the internet, call in to a toll/toll-free number to hear and talk through the telephone or simply listen and speak over your headset/PC speakers using Voice over IP (VoIP). You see the presentation as well as the instructor on your computer screen.
To attend this webcast, you will need a computer with a high-speed internet connection (DSL or cable). You will also need a phone line or integrated microphone in your PC or a headset. For your comfort, it is recommended that you use a speaker phone or headset to connect to the webcast. Our system will support both PC and Apple computers using Internet Explorer, Chrome, Firefox or Safari browsers.
Accessing the Webcast
One day prior to the webcast, you will be emailed a link for the webcast. About 15 minutes before the scheduled starting time, simply go to the website provided in the email. You should be able to simply click on the link in the email; however, some email programs may require that you copy the address and paste it into your browser's address bar. You will be asked to enter your name and email address, and you will need to enter the password that was sent to you in the email. Once you have logged in, a screen will pop up with the Voice over IP option or a toll/toll-free telephone number to call. Of course, our team is available to help if you have any questions about accessing the webcast: +1 604 683 2037 ext. 259.
Terms and Conditions
By submitting the webcast registration form, you agree to pay the associated fees in full before the course start date.
Notice of cancellation must be given in writing by letter, fax or email and action will be taken to recover, from the delegates or their employers, that portion of the fee owing at the time of cancellation.
If a delegate submits written notice of cancellation 10 or more business days prior to the first day of the webcast, Edumine will refund the cost of the webcast.
If a delegate submits written notice of cancellation prior to the webcast but within 9 business days of the first day of the webcast, Edumine will refund the delegate's payment less a 10% administration fee.
If a delegate submits written notice of cancellation after the webcast has started, or misses all or a portion of the webcast without notice, no refund will be granted.
Edumine reserves the right to cancel an advertised course on short notice. It will endeavour to provide participants with as much notice as possible, but will not accept liability for costs incurred by participants or their organisations as a result of the course being cancelled or postponed. If a course is cancelled, fees will be refunded in full. Edumine also reserves the right to postpone or make such alterations to the content of a course as may be necessary.