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

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Inhouse Training
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Mining & Critical Minerals Project Finance Modeling Online

Course Price: $400

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Online Self Paced
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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

 

 

 

 

Delivery Options

  • Self-Paced Online: Complete this course at your own pace, with flexible access to materials. Register online today to begin learning immediately.
  • Live Streaming: Join virtually with other professionals in a small group environment. Participate in live discussions and complete the course collaboratively. Upcoming dates are listed in our course schedule.
  • In-House Training: Customized to address the unique challenges faced by your organization. This course can be delivered live-streamed or in-person based on your needs.

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

The course is designed for analysts, associates & vice presidents at banks, funds, investors, developers, and operating entities looking to standardize approaches to modeling or solve new problems

Senior participants considering a career change or seeking to sharpen their skill sets will also benefit, as will students preparing to enter the project finance sector or starting new roles.

No matter your level of experience, this course equips you with essential knowledge to excel in project finance.

Pivotal180 stands out in the field of financial modeling education due to our unwavering commitment to teaching. We are not an advisory firm with training as a side business—our exclusive focus is on building institutional and human capacity. Our courses are led by senior practitioners who bring years of real transactional experience to the table. We don’t rely on theoretical knowledge or secondhand expertise; our trainers have been directly involved in infrastructure, debt service coverage ratio, and equity financing projects across industries.

We have trained leading advisors, developers, lenders, and funds globally, tailoring courses to meet unique organizational needs. Our approach combines instructor-led and online components, offering 12 months of access to our course materials, including step-by-step model walk-throughs, lecture slides, downloadable spreadsheets, and access to discussion forums for ongoing support. This blended solution ensures that your learning extends well beyond the classroom, empowering you to apply your skills effectively.

Discounts

Discounts include 50% off for students and non-profits, a 15% group discount for bookings of three or more participants, and a 10% early bird discount for interactive public sessions booked eight weeks in advance.

Cancellation Policy for Public Courses

  • 4 weeks before the course: Full refund (less any merchant fees).
  • 1-4 weeks before the course: 50% refund.
  • Less than 1 week before the course: No refund.

  • Course Completion Certificate: Showcase your expertise in project finance modeling.
  • 12-Month Online Access: Access comprehensive course materials, including lecture videos, transcriptions, and interactive resources.
  • Access to Discussion Forums: Connect with instructors and peers to resolve questions and share insights.
  • Subscription Renewal: Extend your access annually for $100 per year after the first 12 months
  • Alumni Forum: Access to the Pivotal180 communities.

There is no prerequisite for the course other than a basic knowledge of, and access to Excel. During the course you will need  a Computer/Laptop, power cord and having two monitors is preferrable.

Course Previews

Mining and Critical Minerals Course Overview

Introduction to Mining

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