Summary

This course is a must for anyone who has to perform or interpret a mine project valuation.

It presents the fundamentals of valuation of mining projects, including discount rates, project finance, metal prices and markets, mining costs, uncertainties and real options. Particular emphasis is placed on the models used for valuation, uncertainties in the input to these models, and the role of models in decision-making. Examples and exercises are used to illustrate the concepts.

This course qualifies as formal Continuing Professional Development (CPD) activity ... and as credit towards a Certificate in Mining Studies (CMS) from University of British Columbia (UBC).

About the Author

Doctor Scott Dunbar is an associate professor in the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia. He has been involved with mining projects for more than 25 years. His research interests include mine project economics, decision analysis and simulation and advanced mining methods.

Who Should Attend?

The material in this course will be valuable to anyone involved in carrying out mine project valuations or who wish to understand mine valuations done by others. Some familiarity with discounted cash flow methods is useful but not essential.