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A tenet of investment is that if the risks of an investment are high, then the investor should be compensated for assuming the risks by a high potential return from the investment. However, quite often the risks associated with an investment are not known or understood. The results vary but may include an investment evaluation that is not representative, a bad investment decision, and low returns or even losses. Inadequate technical or financial information is the main reason risks are not taken into account or are misunderstood. Unfortunately, lack of such information is a common situation in mining and other large industrial projects. No amount of investment evaluation or analysis can compensate for lack of information. If the risks are known and can be characterized in some way, methods of investment analysis can be used to provide a quantitative assessment of the risks. One goal of this course is to describe methods for risk quantification, their advantages and limitations, and to give realistic (if not real) examples of their application. Fortunately these methods are simple so that complete evaluation of an investment is (or at least should be) a simple process. Topics covered in this course include: Revenues, Costs and Cash Flows Discount Rates Project Financing Metal Prices and Markets Mining Costs Uncertainties Real Options Authors Dr. Scott Dunbar   Duration 18 hours Access 90 Days Category Financial Level Specialize Version Date May 23, 2012 ​Need to train a team? Whether you're looking for a customized training program or developing a team, we have enterprise solutions to fit your needs. Learn More Read more

Summary Do you have the most up-to-date information in drilling and blasting to tackle common problems such as drill fleet optimization, explosive selection, and mine-to-mill optimization? Blasting has completely changed in the last five years, yet alone the last twenty to fifty years and there is relatively little information widely published. Today we understand shock breakage, velocity matching, and powder factor are outdated and should never be used in the blasting process. New methods have taken the place of these concepts that allow blasters and engineers to make significant improvements to the drilling and blasting process. This course will cover the new updates in the basics of drilling and blasting which you will use on a daily basis in your career of blast engineering. This course will cover critical topics such as an introduction to modern blasting, how rock actually breaks from explosives, the commercial explosives and initiation systems used today, and the drilling technology available in the industry. The course is divided into short video modules with questions following each lesson to reinforce key concepts. Duration:     3 Hours Access:       90 Days Price:           $399 USD Category:    Mining Who This Course is For This course is ideal for anyone who is working in the drilling and blasting program at a mine or works around the process and would like to gain additional background on the subject. The course is designed to give new developments in the field to the seasoned professional while also teaching someone completely new to the topic about the basics. Presenter Dr. Anthony Konya - Dr. Anthony Konya holds a PhD in explosive engineering and is the Founder and Chief Executive Officer of AcademyBlasting.com. Anthony has consulted around the world on blasting including blast design, presplitting, ground vibration, air overpressure, and blasting safety. Anthony has written over 50 technical articles on drilling and blasting and has developed the modern presplit breakage theory utilized in the industry. Anthony has trained hundreds of industry professionals through online courses, in-class courses and seminars, as an instructor at the Missouri University of Science and Technology, and through guest lectures at the worlds leading Mining Engineering Universities and at private company events.   Need to train a team? Whether you're looking for a customized training program or developing a team, we have enterprise solutions to fit your needs. Learn More Read more

If you are an exploration geologist, a mining engineer, a metallurgist, a mine accountant, or a practitioner of any of a number of other mining-related specialties, at some time you will be asked to do a cost estimate. Mining is an economic endeavor, and, after safety, the cost of mining and its related processes is one of the most important considerations in that endeavor. This course introduces you to the methodologies of mining cost estimating, and prepares you to complete a credible estimate. The course focuses on itemized cost estimating methods in the context of a mine plan. It covers the costs of excavating, loading, hauling, drilling and auxiliary equipment as well as the costs of supply, personnel, stripping and other requirements. This is a premium course which has been peer-reviewed by a committee appointed by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the Society for Mining, Metallurgy and Exploration (SME). Authors Otto Schumacher   Duration: 15 Hours Access: 90 Days Category: Financial Level: Specialize Version Date: July 29, 2015 ​Need to train a team? Whether you're looking for a customized training program or developing a team, we have enterprise solutions to fit your needs. Learn More   Read more

The investment necessary to start a mine is of the order of 10's to 100's of millions of dollars. In order for the investment to be profitable, the potential product in the ground must be present in adequate quantities and quality to justify a decision to invest. Mining and processing systems used to extract the products must then operate so as to produce revenue to offset the planned investment and to provide an acceptable profit. Clearly, all technological and financial decisions regarding planned production are built on an understanding of the mineral assets available. Thus, the estimation of grade and location of material in the ground (in situ resources) must be known with an acceptable degree of confidence. This is especially true of certain large, low grade deposits for which grade is only slightly above minimum profitable levels, and for some precious metal deposits where only a small percentage of mineralized ground can be mined at a profit. Mining profits are strongly leveraged to product price and to realized grade of material mined. A small difference between planned (estimated) and realized production grade, or a small change in metal price, can have a large impact on mine profitability. The three undertakings, ore estimation, mine planning and grade control, are complementary in an efficient mining operation and are natural progressions one to another. The integration of these three endeavors is important because the grade control system must balance with the ore reserve as well as with the final products of the operating plant, and both estimation and grade control are influenced by planned operational procedures. If this balance is not achieved then the original investment may be in jeopardy. Reappraisals of mineral inventories can be necessary many times both prior to and during the life of a mine. Resource/reserve estimation procedures commonly are considered in two categories, empirical and geostatistical. This course is confined to the principal empirical methods of estimation. Authors Alastair J. Sinclair   Duration: 18 Hours Access: 90 Days Category: Exploration Level: Specialize Version Date: June 22, 2006 ​Need to train a team? Whether you're looking for a customized training program or developing a team, we have enterprise solutions to fit your needs. Learn More Read more

Economic Geology 101 is a course for beginners in exploration geology, people requiring a basic understanding of ore deposits, students, and anyone who is inquisitive about mineral deposits and how these form. The course provides an overview of the three major rock types (igneous, sedimentary, and metamorphic rocks), and introduces the geologic processes that form or influence ore deposits. In this course, you will learn about ore deposits that are typical for various metals, including abundant metals (iron, manganese, titanium) as well as scarce base (nickel, copper, lead, zinc) and precious (platinum group elements, gold and silver) metals. World-renowned deposits are described and illustrated with numerous figures and photographs. This course is based on the Geological Framework for the Business of Exploration and Mining, authored by David Groves, produced by Market Motion Media. Authors David Groves (Author)   Duration: 9 Hours Access: 90 Days Category: Exploration Level: Introduce Version Date: January 16, 2016 ​Need to train a team? Whether you're looking for a customized training program or developing a team, we have enterprise solutions to fit your needs. Learn More   Read more

Concentration and Purification of Leach Solutions is the third in a series of four hydrometallurgy courses by the author, written for university students as well as practicing engineers and metallurgists. The Hydrometallurgy series covers the elementary theoretical basis of solution chemistry, the engineering aspects, and the technical applications for a large variety of raw materials, e.g. metals, oxides, sulfides, phosphates, silicates, and others. It also covers the purification-concentration steps such as adsorption on activated charcoal, ion exchange, and solvent extraction. Finally, the general aspects of precipitation from aqueous solutions are covered with numerous examples. The series is characterized by clear and simplified flowsheets, numerous chemical equations written mainly in ionic form, many illustrations for equipment and plants, and finally a lucid style presenting the facts point by point as concisely as possible. Hydrometallurgy 3 - Concentration and Purification of Leach Solutions covers the processes of activated charcoal adsorption, ion exchange and solvent extraction and how they relate to the concentration and purification of leach solutions. Authors Fathi Habashi   Duration: 15 hours Access: 90 Days Category: Mineral Processing Level: Specialize Version Date: June 24, 2008   Need to train a team? Whether you're looking for a customized training program or developing a team, we have enterprise solutions to fit your needs. Learn More Read more