The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
twitter1 facebook1 linkedin logo
 

Mineral Project Valuation School

Event Date 11 July 2011
Event End Date 13 July 2011
We are no longer accepting registration for this event

The SAIMM hosted a 1-day School on Bankable Feasibility Studies and Project Financing for Mining Projects on 18th March 1999. This School was a mixture of technical and financial project evaluation and could not therefore adequately address financial aspects in mineral project valuation.
In addition developments have occurred towards stochastic valuation techniques and with the recent recession beginning to wane off, previously mothballed projects are going to have to be re-evaluated for possible inclusion in the project pipeline.

The requirements of the new Royalty Act also need to be factored into the project re-evaluation.

The current IASB Extractive Industries Project also has implications on how mineral project valuation could be done in order for it to talk to IFRS reporting standards.

These developments call for a School to specifically address mineral project valuation.

Sponsorship Opportunities

Companies wishing to sponsor or exhibit should contact the Conference Coordinator

Jacqui van der Westhuizen
Conference Co-ordinator
SAIMM, P O Box 61127
Marshalltown
2107

Tel: (011) 834-1273/7
Fax: (011) 833-8156 or (011) 838-5923
Co-ordinator Email: jacqui@saimm.co.za

 

Sponsors

Venmyn
 


Cocktail Sponsorship:

snowden
 

 

Objectives

* To cover basic theory and principles of valuation techniques and focus on the commonly used DCF technique

* To cover aspects that commercial and development banks look for when deciding to fund a project

* To address aspects that mining companies consider in mineral project valuation

* To demonstrate how current software such as @Risk can be used to evaluate risk in mineral project valuation

* To address taxation and tax implications of the new Royalty Act.

 

Who should attend

• Exploration geologists

• Mining engineers involved in feasibility studies

• Project managers

• MRM managers

• Mineral industry advisory consultants and academics

• Accountants involved in mining project feasibility studies

• Professionals involved with mining project reviews.

 

Programme

Monday - 11 July 2011

07:30 - 08:30 Registration & Early Morning Refreshments

08:30 - 08:40 SAIMM Presidential Address
Professor Nielen van der Merwe (President Elect, SAIMM)

08:40 - 08:45 Welcome
Professor Frederick Cawood (Head: School of Mining Engineering, Wits University)

08:45 - 09:45 Institutional Framework and Overview of Valuation Methods
Godknows Njowa (Mineral Industry Advisor, Venmyn)

09:45 - 10:15 Tea Break

10:15 - 11:00 Valuation Modelling Standards: Guidelines for Spreadsheet Modelling in the Mining Industry
Denis Cowen (Corporate Divisional Manager: Snowden Group)

11:00 - 12:00 Time Value of Money, Inflation and DCF Cashflow Evaluation
Dr Cuthbert Musingwini (Senior Lecturer: School of Mining Engineering, Wits University)

12:00 - 13:00 Taxation and the new Royalty Act
Professor Frederick Cawood (Head: School of Mining Engineering, Wits University)

13:00 - 14:00 LUNCH

14:00 - 14:45 How Financial Valuation differs for Mineral Projects & Stock Markets
Kelly Redman/Carel de Jager (Anglo American)

14:45 - 15:30 The Role of Project Finance in the Mining Sector
Jurgens van Zyl (Project Development Manager: Investment Banking Unit, DBSA)

15:30 - 15:45 Afternoon Tea

15:45 - 16:30 Valuation of Exploration Projects
Dr Alastair Moyes (Principal Mineral Resource Analyst: MinRED, Anglo American)

16:30 - 17:15 The Business of Exploration: Building Value in Exploration Projects
Keith Scott (Managing Director, The MSA Group)

17:15 - 17:30 Closing Remarks:
Ivan Wermuth (University of Johannesburg)

Tuesday - 12 July 2011

07:30 - 08:30 Registration & Early Morning Refreshments

08:30 - 08:35 Welcome
Ivan Wermuth (University of Johannesburg)

08:35 - 09:35 Hands-on Case Study: Investment Criteria and Risk Analysis
Adrian Miric (Miracle Solutions)

09:35 - 10:15 Tea Break

10:15 - 12:15 Hands-on Case Study: Investment Criteria and Risk Analysis€¦Continues
Adrian Miric (Miracle Solutions)

12:15 - 13:15 LUNCH

13:15 - 14:00 Risk Analysis: @Risk Demonstration
Godknows Njowa (Mineral Industry Advisor, Venmyn)

14:00 - 15:15 A Perspective on Risk Analysis based on Experiences with Capital Projects
Cliff Heydenrych (AECI)

15:15 - 15:30 Afternoon Tea

15:30 - 16:30 An Accountant€™s Perspective on Mineral Asset Valuation
Kevin Davies (AngloGold Ashanti)

16:30 - 16:40 Closing Remarks:
Ivan Wermuth (University of Johannesburg)

17:30 - 20:00 Cocktail Function
Sponsored by Snowden


Wednesday - 13 July 2011

07:30 - 08:30 Early Morning Refreshments

08:30 - 08:35 Welcome
Dr Rudy Phillis (Anglo Platinum)

08:35 - 09:20 A Mining Company Approach to Valuation of Mineral Projects & use of Hyperion software in Valuation
Gordon Smith (Head: Mineral Resources Management, Anglo Platinum)

09:20 - 10:15 A Consultant€™s Perspective on Mineral Project Valuation at Feasibility Study Stage
Jacob Mothmogolo (TWP)

10:15 - 10:45 Tea Break

10:45 - 11:30 A Commercial Bank Perspective to Mineral Project Valuation for Funding Purposes
Tim Mugodi & Brad Breetzke (Director: Project Finance, Standard Bank)

11:30 - 12:15 A Development Bank Perspective to Mineral Project Valuation for Funding Purposes
Vusumuzi Dube (IDC)

12:15 - 13:00 The IASB Extractive Industries Project and Mineral Asset Valuation
Riaan Davel (Partner, KPMG)

13:00 - 13:15 Closing Remarks
Dr Cuthbert Musingwini (Chairperson: SAIMM School on Mineral Project Valuation Committee)

13:15 - 14:30 LUNCH

Registration Fees

Registration

 

 

Registration Fee SAIMM Members

R 5 500

 

Registration Fee - Non SAIMM Members

R 6 200

 

Registration Fee - Student/ Retired Members

R 2 000

 

 

Please note:
Non-members are entitled to free membership of the SAIMM, up to 30 June 2011, for attending this event

Registration Fees:

Please Note:
Registration fee does not include accommodation
Prepayment is required for all Registration Fees on or before the date of the event.
Delegates who have not paid will not be permitted to attend the event

Conference Registration form may be downloaded from the download section below

 

Contact

Jacqui van der Westhuizen
Conference Co-ordinator
SAIMM, P O Box 61127
Marshalltown
2107

Tel: (011) 834-1273/7
Fax: (011) 833-8156 or (011) 838-5923
Co-ordinator Email: jacqui@saimm.co.za

Downloads

The following items may be downloaded from the download section below:

First Announcement and Registration Form

 

MAKE A BOOKING and/or PAYMENT HERE:

Share this event: