Mining Economics

This course provides a solid foundation in the fundamental principles of mining economics; focusing on cost efficiencies at each step in the process.

It also provides an introduction to systematic mine planning and reinforces the importance of engineering decision-making based on costs. At the completion of this course participants will take away a set of templates and solutions that can be utilised back in the workplace.

Who should attend?

• Operational and Planning Engineers
• Business and Strategic Analysts
• Financial and Management Accountants
• Mine Managers
• Superintendents

• Understand frequently used terminology
• Describe the practices involved in systematic mine planning and explain the importance of engineering decision-making based on costs
• Create cashflow models based on compounding and discounting formulae
• Generate breakeven analyses using Discounted Average Cost
• Describe costs from an economic perspective
• Perform incremental and marginal cost analyses
• Apply economic criteria to real-life decision-making