An essential step in preparing a Feasibility Study is the development of a Financial Analysis to assess the profitability of the proposed operation. Throughout operation the Financial Analysis provides the instrument for the company to manage their budgets and forecasts to reflect changing market conditions and operating conditions, and to continue improvements. It is essential for a company to revisit their budgets and business plans to ensure growth, profitability and risks are minimized and controlled. In this changing economic environment, budgets and revenue forecasts need to be revisited from time to time to ensure that decisions made based on them are made based on robust and solid data including production, cost and price factors.
The Financial Analysis comprises the time dependant review of metal prices and discounts, mining rates and associated costs, transportation costs, operational costs for the various cost centres. By the end of the course, participants will be able to understand key dimensions to budgeting and planning, forecasting and benchmarking and the key inputs such as production, cost and price.
Key indicators such as the Internal Rate of Return (IRR), Net Present Value (NPV), Payback Period and a range of sensitivities will be explained.
At the end of the Programme, participants will be able to:-
- Identify key aspects of financial analysis in mining, Oil, Gas and Energy sectors
- Identify aspects to be taken into account in assessing economic and financial viability of mining, oil and projects.
- Advice their organizations and governments more effectively on key financial, economic, social, environmental and political aspects associated with the Oil and Gas industry.
- Analyze and report on key areas of budgeting receipts and expenditure relating to oil and gas projects.
- Able to understand key dimensions to budgeting and planning, forecasting and benchmarking and related key inputs.
- Identify strategies to managing budgets
- Able to undertake basic financial analysis to evaluate performance and improve efficiency
Financial analysts, government officials, auditors, investors, regulators, project managers, supply chain managers, engineers, accountants, supply chain managers, investor relations managers, auditors, NGOs, and consultants.