Cost Estimation for the Resources Industry

1 session


Course Length
20 hours

Edumine Courses

16 May 2024


Upcoming Sessions


Course overview

Gain tools, techniques and tips to create accurate cost estimations for the resources industry.

You also get access to a three month All-Access Subscription to Edumine enabling you to learn from the 110+ on-demand courses offered on a variety of topics. 

The Cost Estimation short course is designed to provide resources industry professionals with foundational tools and techniques to perform capital, operating and business cost estimations specific to the resources sector from scoping to feasibility studies.

Delivered by experienced industry leaders, this course draws from the AusIMM Cost Estimation Handbook and many case studies to provide practical tips for pursuing more accurate cost estimation.

Participants will also receive a digital copy of the AusIMM Cost Estimation Handbook - a saving of up to $198.

Duration Delivery Start Date PD Hours Language
20 hours / 5 weeks 100% online 2 September 2024 Up to 20 English

Course structure

The four-week course is a collaborative, hands-on online learning experience, taking learners approximately 20 hours to complete. Please note the live sessions are not mandatory, the virtual classrooms will be recorded and available on the same day for participants who are unable to attend the live event. Course content includes:

  • Weekly live virtual classroom
  • Additional resources and readings (case studies, videos, articles)
  • Selective examples of tools used
  • Group discussion forums
  • Learning activities in the form of short test questions

Note: This course will be delivered by AusIMM through a partnership with Edumine.

Course Sessions

04-Sep-24 6.30pm
11-Sep-24 6.30pm
18-Sep-24 6.30pm
25-Sep-24 6.30pm

Note: All times are in Pacific Time.

Who should attend?

Project and study managers
Build credible cost estimates for mining projects.

Financial analysts and decision makers
Understand cost estimation methodology, limitations and risks.  

Operational engineers and technologists
Estimate costs for budgeting, studies and equipment selection.

Course facilitators

All programs have been developed in consultation with leading organisations in the mining industry, subject matter experts and community leaders to ensure you gain the latest knowledge and develop relevant skills to accelerate your career.


Peter McCarthy



Neil Cusworth


Chairman and Founding Director, Enthalpy


Adrian Pratt


Principal, Adrian Pratt Mining Consultants


Damian Peachey

Principal Consultant, AMC Consultants 


Learning objectives

  • Explain the purpose, characteristics and terminology of cost estimates in expenditure decisions and project studies
  • Describe methods for estimating capital, operating and business costs
  • Define accuracy, contingency, owner’s costs and timing
  • Demonstrate general estimation techniques, shortcuts and checks
  • Explain the use of benchmarking to validate cost estimates
  • Describe estimating costs for emerging technologies
  • Discuss cost estimation case studies


Cost Estimation for the Resources Industry

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