This course concerns the valuation of mineral assets, focusing on:
This course concerns the valuation and reporting of mineral assets (exploration through to active mining assets).
The international standards and guidelines on resources and reserves reporting are presented and discussed, namely the ones concerning the public reports of mineral assets valuation.
The course also presents the methods accepted for the valuation of the several types of mineral properties (exploration, pre-feasibility and feasibility studies and operating mines).
The course is based on a heavy use of practical cases – analyzed and discussed by the students as a means to explore ways to solve real problems, question the methods’ underpinnings and consolidate the grasp of their theoretical and methodological basis.
Participants are encouraged to bring their own data and problems to discuss during the course.
The course is presented in six modules in three days.
Day 1 Morning: An overview of the exploration and mining activity, markets and international reporting standards and guidelines. Afternoon: Types of mineral assets. Interpretation of companies' financial reports. Case analysis and discussion.
Day 2Morning: Types of valuation methods. An introduction to the discounted cash flow model.Afternoon: Risk in mineral projects. Discount rate assessment. Case analysis and discussion
Day 3Morning: Other valuation methods for developed or active mining assets. Valuation methods for exploration assets.Afternoon: Casea anlysis and discussion. Conclusions.
Type of training
The course is combining classroom lectures, computer-based work, group work as well as self study.
Objectives and outcome
Participants in the course will learn to:
The course’s intended audience includes:
After a 30 years career in Mining and Civil Engineering (including work in underground mines, mineral processing and consulting in civil and construction projects), I am currently a full time PhD student.
I started as a mining engineer at SOMINCOR, Neves Corvo mine (copper and tin) in 1987. Left in 1993 and went to NSBE for an MBA. In 1996, started working in BERALT TIN & WOLFRAM, Panasqueira Mine (wolfram, tin and copper mine), becoming Ore Treatment Plant Manager. In 1998 I started working in the civil construction area.
In 2011 I started an independent career and for one year developed some knowledge on Angola diamond exploration in a Portuguese mining consultancy company, SINESE. From 2012 to 2015 I collaborated with EnviEstudos as a mining consultant for coordination of PARP SOMINCOR 2014 (Neves Corvo Mine Closure Plan revision), supervision of Safety Operating Procedures documents review of Neves Corvo mine site, participation in the Neves Corvo Mine Closure Plan revision 2016 and in the ALMINA (Aljustrel copper and zync mine) Mine Closure Plan 2016. Since May 2016 I have integrated the research team of SOCIUS/CSG (Research Centre in Economic and Organizational Sociology/ Research in Social Sciences and Management) at ISEG.
Since September 2014 I have been appointed by Ordem dos Engenheiros de Portugal as representative for the Portuguese Government Manufacturing and Extractive Industries Working Group (GTTITE) within Coligação Crescimento Verde (Portugal Green Growth Commitment).
I am presently working on my PhD project regarding mine closure, focusing on stakeholder relationships management within corporate social responsibility. I also develop research on socioeconomic impacts related to the exploitation of mineral resources.
His current professional activity revolves around Economic Geology (primarily) and Data Analysis. He is currently partner and general manager of Sínese, a specialized consulting company created in 1995.
His professional activity in the field of Economic Geology has been diversified, although most major projects are related to diamond deposits in Angola and Brazil, precious and base metals (Au, Cu-Zn-Pb-Ag, Sn, Fe, Nb – Ta, Mn) and industrial minerals and natural stone in Portugal, Republic of Congo, and Brazil and other mineral resources elsewhere (oil, underground water, etc.).
He holds degrees in Mining Engineering (Applied Geology), Engineering Geology (MSc), Business Administration (MBA) and Engineering Sciences (PhD) and a postdoc in Mining Engineering.
He is a Fellow of the Society of Economic Geology and holds the qualifications of European Engineer – EUR ING, European Geologist – EUR GEOL and he is a Senior Engineer (Ordem dos Engenheiros).