Course description
The Minerals and Mining Business
The industrial advancement of mankind is inextricably linked with natural resources. We cannot underestimate our collective reliance on minerals and mineral products, not only for industrial and commercial progress, but also in the health and agriculture industries. Mined ore, as well as the commensurate beneficiation, processing and refining of the product, provides the industrial sector with the required material to further shape and fabricate this material into the end product to be used for the benefit of mankind.
In this course we will look at how minerals extraction or production only occurs after discovery, exploration, research, analysis and planning have all been completed. Planning requires a firm knowledge of a commodity’s future market in terms of supply and demand, its value or forecast price, the capital outlay (development costs) and the costs to produce it and, critically, how the development of that deposit will be funded. This funding may take the form of equity, debt or potentially derivative or convertible instruments or through other innovative funding mechanisms such as metal streaming, farm-ins and participation funding (joint ventures).
We will also look at the number of people either directly or indirectly linked to the mining business, with the multitude of stakeholders ranging from employees, service providers, financiers and investors through to non-governmental organisations (NGOs) and activists.
Upcoming start dates
Who should attend?
Prerequisites
None
Training content
- Getting started
- Introduction to the minerals business
- Discovery and development of new mineral deposits
- Mine plans and the complete lifecycle of a mine
- The ‘living plan’ of a mine
- Impact of economics and market forces on mine closure
- Value chains and the various stakeholders
Course delivery details
This course is offered through Curtin University, a partner institute of EdX.
4-5 hours per week
Costs
- Verified Track -$399
- Audit Track - Free
Certification / Credits
What you'll learn
Students who complete this course will be able to:
- Explain how new mineral deposits are found and describe the economic factors that govern their discovery and development
- Show how a mining plan addresses the complete lifecycle of a mine, from initial infrastructure requirements through to operation, closure and rehabilitation
- Monitor the ‘living plan’ of a mine and establish how extraction and processing of minerals is constantly adjusted to suit market conditions
- Explain how economics and market forces influence the decision to close a mine
- Discuss the concept of a value chain and how value is generated and measured across different mine-life stages for various stakeholders
Contact this provider
edX
edX For Business helps leading companies upskill their labor forces by making the world’s greatest educational resources available to learners across a wide variety of in-demand fields. edX For Business delivers high-quality corporate eLearning to train and engage your employees...