Mini MBA in Mining Bandung, 28-30 April 2014 ENERGY NUSANTARA TRAINING SERIES What you will learn…. Who Should Attend Gain a thorough understanding of mining Understand the stages in the life of a mine Learn about the different types of mining studies Find out how to justify exploration expenditure Navigate a complex regulatory world Understand mining equipment options Explore mining financial statements Negotiate large mining contracts Learn using real life case studies Energy and water company Power generation company Exchanges Bank & Lawyers Equipment and service provider Engineering firm and consultants Investor Mining Company Government and regulator Executives wishing to increase their understanding of strategic processes and CSR Management wanting to broaden their overall understanding of the industry Individuals involved with contracts, Legal and HR Executives wishing to increase their understanding of strategic processes and CSR Management wanting to broaden their overall understanding of the industry Individuals involved with contracts, Legal and HR Introduction to Mining Definitions Differences from other industry Implications Mining history Levels of mineral studies Scoping level Pre-feasibility and feasibility Planning parameters Case study: Reserves Phases of a mine Prospecting Exploration Development Exploitation / processing Rehabilitation Closure Quantification and interpretation Methods of data gathering Quality parameters Path of reserves/resource generation Mining Codes Prospecting Early methods Modern Prospecting Mining Methods Surface mining methods Design, drill and blast, load and haul and equipment Underground mining methods Development, production, ground support, and ventilation Equipment selection Comparative Cost analysis ROM and product ore recovery Process design and development EPCM Exploration Justifying exploration expenditure Desktop studies Imagery (GIS) Geochemical and geophysical surveys Drilling Deposit and resource modelling Different types of ore bodies Mine Development Mine Exploitation Technical and non-technical LOM ongoing planning Key Performance indicators Weekly monitoring Grade Control Life Extensions Rehabilitation Dewatering Tailings Site services and equipment Layout / restoration / rehabilitation Monitoring reclamation Closure Legal closure certificate and contingent Liabilities Finance & Economics Basics of Modelling Scenario building Capex requirements Sales assumptions – Monte Carlo simulation Capex Timing Equipment financing options Typical Mining ratios in financial statements Economic evaluation BOT Ownership versus leasing Justifying exploration expenditure Evaluate the ore body Simple cost ranking techniques Incremental cost ranking Case study: Evaluation of exploration projects Capital & Risk Mitigation Capital expenditure and risk reduction Delaying capital expenditure Economic evaluation Commodity specific approach to valuation Modelling key economic parameters NPV/DCF Risk versus uncertainty Case study: Discounted cash flow Raising funds Debt / equity / project finance Joint ventures Unincorporated versus incorporated joint ventures Operational joint ventures Essentials of a sale agreement Pricing Flexibility Point of sale Contract options Form and measure Logistics Case study: Capital requirements Case study: Investment decisions Mining Equipment optimization Average cost ranking of material Movement Surge bins and storage Mining legal issues Overview of mining permits Critical EPCM provisions Confidentiality, NDAs and exclusivity MOUs, MOAs farm-in and shareholders’ agreements Commodity loans Due diligence, mining leases, directors, company history, project(s) and internal approvals, delegation of authority Choosing a jurisdiction Incoterms ICC provisions Consideration Force majure Contractual dispute resolution, arbitration and mediation First right of refusal Case study: Optimisation Exploring mining financial statements The Profit and Loss (P/L) The balance sheet The cash flow statement Case study: Mining and reporting Negotiating team class excercise Course Leader Ted Blom is a Senior Mining & Commodities Strategist and Tactician with a Master’s Degree in Business from Wits Business School, commercial and law degrees from the University of Port Elizabeth and a PMD from Harvard Business School, which he attended as a Gencor employee (now BHP Billiton) in recognition of his contribution to the group. In addition Ted completed his mineral economics qualification under the auspices of Professor Dennis Buchanan from Imperial College of Mining in London. Ted has also been grounded in strategic procurement negotiations by Vantage Partners, an offspring of HBS in Boston. Finally, Ted has been tutored in actuarial risk assessment and reduction techniques by ART in Zurich, a specialist risk financing division of the world’s largest insurer. Ted has over 27 years’ experience in management, finance, mining, commodities and strategy execution. Ted has led numerous investigations and projects in both the mining and energy spheres and advises and consults worldwide to companies, sovereign funds, hedge funds, investment banks, government mining ministries and investors. Ted has also chaired various mining and energy summits and led teams in mining company turnarounds. One of the rare all-rounders in mining, Ted’s hallmark is that he will leave each participant with fresh insight into the mining and minerals business garnered from his many interventions at blue chip companies, small miners and traders internationally. Registration Register Before 1 April 2014 Rp. 20,000,000,- How To Register Register After 1 April 2014 E-mail: event@energynusantara.com Website: www.energynusantara.com Rp. 25.000.000,- All Package Include : 3 (Three) DAYS COURSE, Including CERTIFICATE of Attendance From Energy Nusantara, TRAINING KITS, LUNCH ,REFRESHMENTS, AIRPORT PICKUP & DROP, NETWORKING DINNER (3rd Day) and MERCHANDISE. PLEASE NOTE THAT ALL METHODS OF REGISTRATION ARE SUBJECT TO OUR STANDARD TERMS AND CONDITIONS: Minimum Quota: We have minimum quota 10 participant to run the program. We will confirm the course to all registered participant 2 weeks before the program. Cancellations: If you cancel within 2 weeks of this event running a 50% cancellation fee will be charged. If you cancel within 1 weeks of this event running a 100% cancellation fee will be charged. Please notify the office in writing. Substitutions: Registered delegates may be substituted at any time prior to the course without incurring an additional fee. Please notify the office in writing of the change. Payments: Payment must be made prior to the event running. Confirmation: All registrations will be deemed confirmed and subject to these Terms and Conditions. Or Call : Ms. Aya Ms, Adel Ms. Sovie Ms. Chechi +62 856 – 9741-4441 +62 857 -1925 -9733 +62 88-2130-40895 +62 877-819-88709 ENERGY NUSANTARA TRAINING SERIES