Mining & Critical Minerals Project Finance Modeling

Course Content

Learn how to develop a financial model for a copper project with a typical mine plan including ore mined, waste mined, input grades, high- and low-grade stockpiling, and processing recoveries. Understand the key drivers of mining, processing, and transport costs. Understand how financiers and investors assess mining deals, including mining specific debt metrics such as the Reserve Tail Ratio (RTR) and the Reserve Life Coverage Ratio (RLCR).

This industry course builds on your project finance modeling skills developed in our project finance modeling courses. It focuses on the operational aspects and adjustments common in debt structures for mining projects. Buy this course as a bundle with our project finance modeling course for the ultimate mining project finance modeling experience.

Mining & Critical Minerals Project Finance Modeling In-House

Course Price: Contact Us

On Request
All
Inhouse Training
Request proposal

Mining & Critical Minerals Project Finance Modeling Online

Course Price: $400

Coming Soon
All
Inhouse Training
Contact Us

SECTION OVERVIEW

Pre-course material

 

 

 

  • Review of Excel shortcuts
  • Review of project finance concepts

 

 

Mining Introduction and Project Phases  introduction

 

 

 

  • Introduction and agenda
  • Model Overview
  • Phasing of mining projects
  • Parties and roles of participants in mining deals

 

Physical Operations

 

 

 

 

 

 

 

 

 

 

  • Mining process overview
  • Ore mined, waste mined, strip ratios
  • Reserve tail Ratio(RTR)
  • Processing capacity and ramp up
  • Mining and Processing: Variable grade calculations
  • Product transportation to market
  • End of mine life and rehabilitation
  • Physical operations sensitivities

 

 

 

 

 

 

Revenue

 

 

 

 

  • Spot revenue
  • Nominal vs real calculations
  • Hedging
  • Forward curves
  • Key unit metrics for revenue calculations
  • Sensitivities and lenders approach with hedging

 

Operating Costs

 

 

 

 

  • Fixed versus variable costs
  • Mining costs
  • Processing costs
  • Transportation costs
  • Rehabilitation and reserves
  • Unit metrics and graphing

 

Unlevered returns and debt

 

 

 

 

 

 

 

 

  • Unlevered returns (real vs nominal) for mines
  • Term loan debt recap
  • Loan Life Coverage Ratio (LLCR)
  • Project Life Coverage Ratio (PLCR)
  • Reserve Life Coverage Ratio (RLCR)
  • Cash sweeps / Mandatory cash share
  • Construction funding: Pre-operational cashflows

 

 

 

 

  • Inhouse
    • This course can be customized to address the unique challenges that your team or organization face.
    • It can delivered via live streaming or in-person
    • Learn more about our customized training
  • Online
    • This course is going to be available online soon

Due to the large volume of content available, the course is suitable for all-levels – there is something for everyone.

  • Analysts, associates & vice presidents at banks, funds, investors, developers, and operating entities looking to standardize approaches to modeling or solve new problems
  • More senior participants changing careers or looking to up their skill-set
  • Students wishing to enter the mining  sector or about to start new roles – get ahead of your competition now

  • Pivotal180 is focused exclusively on teaching. Institutional and human capacity building is not a side business.
  • Senior practitioners with real experience lead Pivotal180 training courses
  • Our understanding is from practical transactional experience, not from reading about it or hearing about it from senior people on our team
  • We have trained top advisors, developers, lenders, and funds across the world.
  • We tailor our courses more than anyone else in the market, to meet your needs
  • Our blended solution of instructor led and online training includes 12 months of access to our online courses

  • Course completion certificate.
  • Access to Pivotal180 communities

  • Basic knowledge of, and access to Excel
  • Computer/Laptop (two monitors is preferrable)
  • Power cord

Course Previews

What is Project Finance

Introduction to Mining

DSCR Sculpting