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.

Course Schedule and Pricing

Project Finance & Mining & Critical Minerals Modeling Online Bundle

Course Price: $1,150

Available Now

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Self-Paced Online Learning

Mining & Critical Minerals Project Finance Modeling Online

Course Price: $400

Available Now

All

Self-Paced Online Learning

Mining & Critical Minerals Project Finance Modeling In-House

Course Price: Contact Us

On Request

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In-House Corporate Training

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Delivery Options

Course Formats & Delivery Options

Self Paced Training

Advance your skills with training designed to fit around your busy schedule. Study anytime, anywhere. Choose from individual courses tailored to specific topics or maximize value with bundled learning pathways.

Learn anywhere, anytime - with 12 months access
Videos explaining key concepts and excel based demo tutorials
A complete line-by-line walk-through of each line of the calculations in the full model.
Excel based demo tutorials. excel reinforcing key modeling techniques
Course completion certificate
Subscription can be extended annually post the initial 12 month access
Access to Pivotal180 Communities & discussion board, where you can post any questions

Public Training

Public training is as close as you get to the experience of an in-person class. Join a small cohort via live stream with direct instructor access. Full syllabus in a structured format with homework and Q&A.

Live online classes led by expert instructors
Interactive sessions with live Q&A support
One-on-one access to instructors with personalized feedback as you complete tasks
3-hour live sessions over several weeks (varies by course)
Small class (max ~12 participants)
Class recordings and 12-month access
Course completion certificate
Peer networking - connect with global finance professionals

Customized Training

Our In-House Customized Training is tailored to your team, deals, and objectives. It combines practical financial modelling with real deal examples and transaction context. Designed for corporates, banks, and investors, it builds a consistent methodology aligned with your risk and structuring approach.

Fully tailored to your team and deal types
Built around your real transactions and models
Align training with your internal methodology
Incorporate transaction documents and tax regimes
Delivered in-person, virtual, or hybrid formats
Confidential environment for discussing live deals
Cost-effective training for teams of 8+ staff
Includes access to supporting online courses & completion certificate

Course Syllabus

SECTION	OVERVIEW
Pre-course material	Mining Course Instructions Course overview
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

Who should attend this course?

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.

Why Pivotal180

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 and Cancellations

Cancellation Policy for Public Courses

4+ weeks before the course: Full refund*
1–4 weeks before the course: 50% refund
Less than 1 week before the course: No refund

*Refunds are less any merchant fees incurred on payment.

Discounts

Discounts are applied to the full course price and include:

Students: 40% discount on all available courses
Not-for-profit and government employees: 25% discount on all available courses
Multiple purchase discount: 15% for bookings of three or more participants and/or courses
Early bird discount: 10% for interactive public sessions booked eight weeks in advance

*Please note that discounts are not applicable to bundles.

What's Included + Equipment & Prerequisites

Inclusions

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.

Equipment & Prerequisites

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.