ESAMI Offices

Short Course: Mining, Oil And Gas

Course Title: Economic Aspects of Exploration for Mining, Oil and Gas in a Changing Global Environment

Venue: Arusha, Tanzania  
Learning Duration:  1 Week 
Starting: 19 Jun 2017  Ending: 23 Jun 2017
Fees: 1500 USD
Payment Details: to cover tuition and training materials only

The course will examine the effect of fluctuating commodity prices, exchange rates, and the global cost structure on project economics. The effect of these variables on the Capital Cost Estimates (CAPEX), Operational Costs (OPEX) and Closure Costs (POPEX) will be examined. Other factors to be examined will be the effect of permitting delays on project schedule and the related opportunity costs. The current capital crisis facing many junior exploration companies including the requirements for Financial Assurance in some jurisdictions will be reviewed.

The potential impact of reduced demand creating minimum production conditions limits the capital available to justify the cost and time of discovering new economic deposits. Given these conditions, the critical project conditions for success in this changing global environment for success will require the involvement of Government and Industry.

Two case studies will be presented and examined.


At the end of the Programme, Participants will be able to:-

  • Identify key critical factors influencing level and flow of investments in exploration for mining, oil and gas at global, country and project level
  • Demonstrate project aspects determining progress in exploration for minerals and hydrocarbons.
  • Explore potential ways to navigate the changing global environment for success
  • Analyze and draw implications of Exploration results

Target Group

The course is designed for regulators, exploration managers and geologists, project managers, engineers, financial analysts, auditors, consultants, investors, government officials, academicians, students in resources management disciplines, NGOs and consultants.

Course No:  2017-06-19-3-18-1913

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8 Feb 2017
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