Valuation of Mining and Energy Assets Training Course for Mining Professionals

Module 1: Foundations of Natural Resource Economics and Asset Lifecycle

ü  Introduction to global commodity markets and resource scarcity cycles

ü  The capital-intensive nature of mining and energy project phases

ü  Key macro-drivers: Geopolitical supply constraints, currency impacts, and inflation

ü  Comparing accounting depreciation vs. economic depletion of finite assets

ü  Practical Session: Real-world case review tracking a project from exploration to full-scale production economics

Module 2: Technical Parameters: Reserves, Resources, and Production Profiles

ü  Understanding JORC, NI 43-101, and SPE-PRMS compliance classification frameworks

ü  Translating geological data into viable commercial production schedules

ü  Grade distribution, cut-off limits, strip ratios, and decline curve analysis

ü  Auditing technical reports to extract crucial financial modeling inputs

ü  Practical Session: Excel-based conversion exercise transforming technical geological reserve estimates into a standardized annual extraction plan

Module 3: Core Valuation Frameworks: DCF and Net Asset Value (NAV) Modeling

ü  Constructing project cash flows: CapEx, OpEx, and Sustaining Capital

ü  Determining the Weighted Average Cost of Capital (WACC) for cyclical resource firms

ü  The Net Asset Value (NAV) approach vs. standard corporate cash flow models

ü  Factoring long-term vs. spot commodity pricing forecasts into models

ü  Practical Session: Building a fully functional, dynamic Discounted Cash Flow model for a generic long-life mining asset from raw assumptions

Module 4: Valuation of Mining Assets: Open-Pit and Underground Operations

ü  Cost dynamics distinct to open-pit vs. underground mining operations

ü  Processing plant economics: Recovery rates, concentrates, and smelting charges

ü  Estimating mine-site infrastructure costs, tailings facilities, and logistics

ü  Multiples-based valuation metrics specific to international mining operations

ü  Practical Session: Constructing a mine site valuation model evaluating the financial viability of converting an open-pit operation into an underground mine

Module 5: Valuation of Energy Assets: Upstream Oil, Gas, and Infrastructure

ü  Upstream fiscal regimes: Concessionary systems vs. Production Sharing Agreements (PSAs)

ü  Modeling production profiles, initial flow rates, and decline exponents for oil wells

ü  Midstream infrastructure valuations: Pipelines, LNG terminals, and storage economics

ü  Valuing unconventional energy assets: Shale, tight oil, and renewable generation transitions

ü  Practical Session: Modeling net-back pricing and government take variations under a complex international Production Sharing Contract (PSC)

Module 6: Valuation and Equity Research Training for Commodity Markets

ü  Structuring institutional equity research reports for the mining and energy sectors

ü  Deciphering public company disclosures, asset portfolios, and operational updates

ü  Relative valuation metrics: EV/EBITDA, P/NAV, and EV/Ounce metrics in the market

ü  Conducting peer group analysis to spot mispriced resource securities

ü  Practical Session: Deconstructing a live investment banking equity research report to identify hidden valuation assumptions and discrepancies

Module 7: Advanced Risk Analysis: Real Options and Monte Carlo Simulations

ü  Limitations of static DCF models in highly volatile commodity pricing environments

ü  Application of real options for valuing deferred development or abandonment options

ü  Conducting multi-variable sensitivity analysis on price, grade, and operating cost

ü  Utilizing probability distributions to model capital expenditure overruns

ü  Practical Session: Running a Monte Carlo simulation on an asset model to determine the statistical probability of meeting the hurdle rate

Module 8: ESG Considerations, Taxation, and Decommissioning Liabilities

ü  Incorporating environmental, social, and governance (ESG) compliance metrics into asset risk premiums

ü  Modeling royalties, windfalls, carbon taxes, and specific natural resource fiscal incentives

ü  Estimating Asset Retirement Obligations (ARO) and reclamation cost liabilities

ü  Quantifying social license risk and community development expenditure requirements

ü  Practical Session: Modifying an asset financial model to accurately reflect rising carbon tax penalties and long-term mine closure funding requirements

Module 9: M&A Transactions and Corporate Deal Structuring in Resources

ü  Drivers of consolidation within the international mining and energy sectors

ü  Structuring asset purchases vs. corporate mergers: Tax and liability transfers

ü  Joint ventures, farm-in agreements, streaming arrangements, and net smelter returns (NSR)

ü  Conducting robust financial and operational due diligence on target properties

ü  Practical Session: Structuring a simulated stream-financing transaction to fund a major capital expansion project for an operating asset

Module 10: Capstone Synthesis: Designing and Defending the Asset Model

ü  Integrating geological, financial, fiscal, and risk parameters into a master dashboard

ü  Stress-testing the completed valuation model against extreme macroeconomic scenarios

ü  Synthesizing analytical findings into an institutional investment committee pitch

ü  Best practices in modeling audit trails, documentation, and error tracking

ü  Practical Session: Final group presentation defending a comprehensive valuation model of a real-world asset before a panel of veteran industry investors

About Our Trainers

Our training facilitators are seasoned financial analysts, veteran investment bankers, and resource economists with decades of hands-on experience in global financial hubs. They possess extensive expertise in structuring cross-border resource deals, managing sovereign asset funds, and publishing institutional-grade equity research. Holding advanced qualifications such as CFA, FRM, and PhDs in Mining/Energy Economics, our trainers seamlessly bridge complex financial architecture with practical field realities to provide a world-class educational experience.

Quality Statement

Phoenix Training Center is committed to delivering unparalleled educational excellence. Every course is meticulously researched and continuously updated to reflect the latest shifts in international financial regulations, commodity market conditions, and evolving energy paradigms. We adhere to the highest international standards of instructional design, ensuring that our training programs empower professionals with actionable, cutting-edge strategic insights.

Tailor-Made Courses

We understand that every organization has unique challenges and opportunities as well as unique training needs. Phoenix Training Center offers tailor-made courses designed to address specific requirements and challenges faced by your team or organization. Whether you need a customized curriculum, a specific duration, or on-site delivery, we can adapt our expertise to provide a training solution that perfectly aligns with your objectives. We can customize this Course to focus on your industry, specific risk profile, or internal stakeholder dynamics. Contact us to discuss how we can create a bespoke training program that maximizes value and impact for your team. For further inquiries, please contact us on Tel: +254720272325 / +254737296202 or Email: training@phoenixtrainingcenter.com.

Admission Criteria

ü  Participants should be reasonably proficient in English.

ü  Applicants must live up to Phoenix Center for Policy, Research and Training admission criteria.

Terms and Conditions

ü  Discounts: Organizations sponsoring Four Participants will have the 5th attend Free.

ü  What is Catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

ü  Certificate Awarded: Participants are awarded a Certificate of Completion at the end of the training.

ü  Course Improvement: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

ü  Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Kindly send an email to the Training Officer on training@phoenixtrainingcenter.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training. Or call us on +254720272325 / +254737296202

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 10 days before the Training start date to reserve your seat:

ü  Groups of 5 People and Above – Cheque Payments to: Phoenix Center for Policy, Research and Training Limited should be paid in advance, 10 days to the training.

ü  Invoice: We can send a bill directly to you or your company.

ü  Deposit directly into Bank Account: (Account details provided upon request).

Cancellation Policy

ü  Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

ü  Participants may cancel attendance 14 days or more prior to the training commencement date.

ü  No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Accommodation and Airport Pick-up

For physical training attendees, we can assist with recommendations for accommodation near the training venue. Airport pick-up services can also be arranged upon request to ensure a smooth arrival. Please inform us of your travel details in advance if you require these services. For reservations contact the Training Officer on Email: training@phoenixtrainingcenter.com or on Tel: +254720272325 / +254737296202.