Mining in a day

SRK Consulting (Kazakhstan) offers a workshop “Principles of geology and mining for financiers”. Workshop has been designed to deliver a concise picture of the mining industry to non-mining professionals who need to have a better understanding of the fundamentals of the subject.

Participants will gain a comprehensive overview of industry practice from upstream exploration and production to downstream processing, financial modelling and environmental impact considerations. Under the guidance of our expert course leader, participants will gain an appreciation of industry dynamics and the key issues affecting its development.

Duration - 16 academic hours

Workshop program:

1.   Geology and Exploration

•     Basic geological concepts and terms

•     Understanding of geological reports and identification of risks

•     Methods of exploration and QA/QC procedures

•     Mineral Resource Estimation

•     International reporting codes (JORC, NI 43-101, etc.)

•     Bre-X fraud

•     Exercises on cost estimation of exploration project

2.   Mine Design and Development

•     Project development stages (Scoping Study, Pre-Feasibility Study, Feasibility Study)

•     Mining risks

•     Geotechnical studies

•     Infrastructure and logistics

•     Exercises on pit optimization

3.   Mining Operations

•     Mining methods

•     Mine planning and scheduling

•     Mining equipment

•     Capital and operating expenditures

•     Exercises on cut-off grade calculation

4.   Processing and Metallurgy

•     Main stages of ore processing

•     Ore preparation

•     Separation and benefication

•     Smelting

•     Metallurgical testwork and flowsheets

•     Recovery and metallurgical accounting

5.   Environmental and Social Impact Assessment

•     ESIA stages: Overview

•     Importance of ESIA

•     Equator Principles

•     Mining ESIA case study

•     Mine closure

6.   Mining Economics and Marketing

•     Exploration, mining and processing costs

•     Valuation of investments (with case studies from SRK projects)

•     Sensitivity analysis

•     Marketing

•     Exercises on calculation of net smelter return (NSR)

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