Mineral Economics for Geologists

Date: 2 December 2015
Duration: 1 day
Location: Resource Room, Robert Street Building, Fairway Entrance 1, UWA Crawley Campus
Presenters: Professor Allan Trench & Mr. John Sykes for the Centre for Exploration Targeting.
Cost: Standard rate $440.00 (inc GST), CET members $308.00 (incl GST).

About the Course

This course is ideal for technical professionals across the mineral exploration, mining and mineral processing industries as a foundation in economic concepts and strategic decision-making in the minerals industries and as a primer for the transition between purely technical roles and management roles.

Mineral Economics for Geologists appeals to the professionals in technical roles in the minerals sector and in the minerals exploration industry in strengthening their economic and strategic knowledge of the drivers of industry advantage that accrue from market-related factors.

This one-day intensive course focuses on the principles and fundamentals of mineral markets, covering both the major exchange-traded metal markets (gold, silver, PGM’s base metals), bulk commodities (iron ore & coal seaborne trade), intermediate markets (metal concentrates) and other markets (alloying metals, uranium, rare earth elements).

Providing a basic understanding of the fundamental principles of mineral markets, adopting both micro-economic and macro-economic lenses to both explore and explain market dynamics.

The course will:

• Give participants grounding across over 20 mineral markets to identify and assess how difference drivers of economic value vary between mineral markets.
• assess the demand-side, supply-side, competitive and regulatory forces that shape mineral markets, including the economic impact and consequences of market interventions by governments where they occur.

and much more.

Market factors that will be assessed include:

• Demand drivers and end-use sectors,
• Commodity supply structure classified by main product, co-product and by-products,
• The geography of mineral supply,
• Intermediate markets,
• Geological and mine characteristics of mineral supply as they impact upon costs,
• Market mechanisms, and
• Common management methods to assess structural attractiveness of mineral markets.

Computer & Textbook requirements

No specific software is required – however it is recommended that participants bring their own laptop computer as a group exercise will be undertaken during the day and will require the preparation of a PowerPoint presentation.

Please register and pay on-line (see panel on this page) and all enquiries to CET.