Investment Banking: Mining Finance
What you'll learn
- Understanding the phases of the life cycle of a mine from early mineral exploration to closure;
- Understanding the key priorities and milestones management would need to focus on at each state of a mine’s life cycle;
- Understanding the medium and long term strategic objectives of mine management with regards to risk mitigation and company growth.
- Be able to identify the appropriate sources of funding for each stage of a mine’s life;
- Understand the basic pros and cons of each method of financing;
- Understand the concept of structural and contractual subordination;
- Know what is meant by seniority of funding with respect to the ordinary course of business and in a liquidation scenario (cashflow waterfall)
- Understand the benefits and drawbacks to project financing;
- Appreciate deal structuring considerations of project financing transaction with regards to borrowers, guarantors, security structures, and secured assets;
- Be able to identify the various stakeholders within a project, and how they work together;
- Know how to structure a Gantt chart for the optimal timing of a project financing, and appreciate how different workstreams can be performed simultaneously;
- Understand the difference between project financing and corporate financing;
- Know the main corporate facility types used in a company’s capital structure;
- Understand the main risk factors to consider when judging whether a corporate client is a credible borrower or not;
- Be able to interpret a mining cost curve;
- Understand what the key issues are when analyzing a company’s historical performance and forecasts;
- Basic knowledge of Microsoft Excel
The mining industry presents unique challenges to stakeholders in unlocking value, ensuring sustainability, and in leaving behind a positive legacy. This requires great depth and precision in planning, and co-ordination of various stakeholders both before and during the implementation of a mining project. For this reason clients need to know whether their projects are fundable, who to approach for financing for their projects, and specifically, which funders would be willing to step in, and at which phase of the project. Clients also need to know how manage the various moving parts inherent in the financing of mining related ventures every step of the way. Effective planning and preparation can only take place when built upon the foundation of knowledge.
This course is ideal for fast-tracking industry professionals in front office roles - teaching them to identify lucrative funding opportunities to sell to their principals. It is also well suited to middle-office professionals, teaching them how to assess the risks of such funding opportunities. The course is aimed at new entrant and intermediate-level professionals, and will sharpen the analytical and commercial skills of participants, thereby enabling them to contribute to the successful financing of greenfield and brownfield mining ventures.
The Mining Finance course blends theoretical principles with real industry insights. It is specifically geared towards individuals directly involved in the financing of mining projects. The bottom-up nature of the course is designed to provide a holistic journey, from the initial risk assessment, to the overall structuring of the financing package. This will allow participants to structure tailor-made financing packages bespoke to the unique needs of clients they are presented with.
Who this course is for:
- Analysts and investors wishing to obtain a deeper appreciation for project financing concepts, with particular attention to mining and minerals;
- Beginner investment bankers looking to accelerate their growth in the field of investment banking project finance;
- Employees of mining companies wishing to broaden their knowledge of raising debt funding for their companies;
- Mining professionals with chemical or engineering training, wishing to expand their knowledge into the disciplines of raising funding and debt finance in particular;
I am passionate about coaching and training.
My services include consulting and training in the areas of risk assessment, financial modelling, deal appraisal, and financial structuring for debt and equity transactions.
I previously worked as an investment banker where I was involved in the structuring of multi-million dollar transactions, developing pricing models, managing investment-related risks, preparing client pitches and successfully closing deals.
I have concluded corporate debt financing, advisory, as well as project financing transactions. My areas of expertise include:
· Presentation of sales pitches, advisory mandates, and information memorandums (both the preparation and presentation thereof);
· Deal pricing (structuring pricing and deal terms for credit and capital considerations);
· Preparing of term sheets and deal structuring;
· Credit analysis;
· Financial modelling and debt capacity calculations;
· Legal documentation and review;
Prior to investment banking, I worked as a training facilitator for a small business incubator program, taught A-level Economics, Statistics and Mathematics, and also authored a mathematics textbook for distance learning students across Southern Africa.
I hold a Bachelor’s degree in Actuarial Science and an Honours degree in Advanced Mathematics of Finance. My Areas of study included:
· South African Financial Markets
· Introduction to Derivative Securities
· Stochastic Calculus
· Risk Theory
· Numerical Methods
· Differential Equations
· Swaps and Exotic Options
· Interest Rate Options
· Portfolio Optimization