MINING PROJECT – FEASIBILITY STUDY

Responsible person: Timo Lindborg

Scope: 4 ECTS

Timing: Autumn 2011

Language: English

Aims: After completion of the course the student should be able to understand the content of feasibility study, calculate economical conditions and profitability for mining project, describe and explain differences in feasibility studies of different project stages. The student also understands and is able to evaluate the quality of feasibility studies. This involves addressing the underlying technical principles, applying these to mineral projects and demonstrating how these influence the financial modelling. The student will be able prepare an economical calculation for feasibility study of the mining project and calculate free cash flow to it.

Contents: Role of different feasibility studies. Guidelines and criteria for resource and reserve classification. Sources of technical information for feasibility study industry-level information. Quality requirements of technical and economical information. Preproduction planning and optimisation of the rate of mining in relation to the size of the resource. Mining methods. Importance of dilution, waste rock ratio, recovery and net smelter return. Estimation of operating and capital costs.

Previous knowledge: The course is intended especially for the students at masters or post-graduate level of Oulu Mining School and the Nordic Mining School.

For more information and registration, please, contact the NMS coordinator at your university.