Project Finance Academy Module 5: Mining Project Finance

Mining Project Finance forms Module 5 of the Project Finance Academy. This module will cover the fundamentals of the mining industry, international best practices, key metrics and due diligence issues. Module highlights include: Which commodities to project finance Stages in financing the minerals industry Credit analysis criteria Reserves due diligence Gold instruments
Day 1 Which commodities to project finance? Minerals to avoid Stages in financing the minerals industry Exploration Development Operations Credit analysis criteria Economic rent Reserves Capital markets Case studies: Ranger Uranium, Australia: How can banks provide US$55million as a rehabilitation guarantee to shut the mine down? Industrial minerals: How to structure sales contracts to support a project financing? Colowyo, USA: How does the capital markets judge a monetisation of coal supply contracts? Reserves due diligence Geology/drilling Reserve estimation Mining recoveries Gold instruments Commodity swaps Commodity-linked bonds Case Studies: Iduapriem Gold Mine, Ghana. Find out how the gold fee works? Can subordinated debt work within a gold loan? Batu Hijau, Indonesia: A two-step financing weaving in KfW, US Exim, JBIC plus the sponsors’ subordinated debt Newmont, Zarafshan, Uzbekistan: How to fit OPIC, MIGA, and EBRD together with a political-risk project financing. Lumwana: look at the mix of funding applied (plus political-risk approach).