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SHORT COURSE

VALMIN Code
Reporting

Develop an in-depth understanding of the VALMIN Code, including its interpretation and appropriate application.

Quick facts

Duration 

12 hours over
4 weeks

Delivery

100% online

Course type

Short course

Next intake

22 February 2021

PD Hours

12 hours

Language

Course delivered in English

Course Overview

The VALMIN Code sets out requirements for the technical assessment and valuation of mineral assets and securities for independent expert reports and provides guidance for petroleum assets and securities. This course will provide the fundamentals and principles of appropriate Public Reporting of technical assessment and/or valuations of mining assets in compliance with relevant laws.

The course will suit professionals working on the evaluation of mining and exploration assets and who are responsible for Public Reports that will include information about the evaluation of assets or valuation of securities.

Learning Objectives

  • Describe a holistic view of the Code and the role it plays in the minerals industry and reporting environment
  • Interpret the Code within the context of your working environment
  • Explain the principles of financial modelling that help determine how valuation is approached
  • Recognise and manage resource project opportunities and risk

    Course pricing

    Member $1,299

    Non-member $1,599

    + GST (for Australian based participants)

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    Enrolments now open for the February 2021 intake

    The four week course is a collaborative, hands-on online learning experience, taking learners approximately 12 hours to complete. Please note the live sessions are not mandatory, the webinar will be recorded and available on the same day for participants who are unable to attend the live event. Course content includes:

    • 90-minute webinar
    • Pre-recorded videos featuring interviews with experts
    • Resources such as case studies, articles, associated content
    • Group discussion forums
    • Learning assessments
    Module 1

    Why the VALMIN Code?

    Tuesday 23 February
    11.30 – 13.00 AEDT

    Module 2

    Interpretation and Application

    Tuesday 2 March
    11.30 – 13.00 AEDT

    Module 3

    Valuation Methodologies
    Their Application and Case Studies

    Tuesday 9 March
    11.30 – 13.00 AEDT

    Module 4

    Overcoming VALMIN Code Misconceptions

    Tuesday 16 March
    11.30 – 13.00 AEDT

     

     

    Technical professionals

    Those preparing technical assessments and economic studies (scoping, PFS and FS) for an employer or client

    Advisory and Accounting groups

    With valuation practices

    Company Directors

    Head office senior management and technical personnel with a responsibility for public reporting

    Deborah Lord
    Deborah Lord
    MAusIMM
    Principal at Valuation and Resource Management

    Deborah Lord is a geologist with 30 years’ global experience in the resources sector specialising exploration and resource governance and valuation. She is an Executive Member of the VALMIN Committee and Member of the AusIMM Professional Conduct Committee. Deborah is Director and Principal of Valuation and Resource Management that specialises in mineral asset valuation and management across a range of commodities. Formerly the Head of Resource Governance for BHP, Deborah managed Mineral Resources and Ore Reserves assurance across the minerals portfolio including public reporting and regulatory compliance across multiple securities exchanges (ASX, NYSE, LSE, JSE), Competent Person training and technical input into internal audit. She has previously worked at SRK Consulting, Placer Dome and WMC Resources based in Australia, South and North America
    Steve Gemell
    Principal, Gemell Mining Engineers

    Steve Gemell has more than 40 years' experience in the mining industry, having worked throughout Australasia and in Africa, North and South America, Asia, Eastern and Western Europe. He has been Principal of Gemell Mining Engineers, an independent multi-discipline consultancy, since its formation in Kalgoorlie in 1984, and has also been an associate corporate consultant of SRK since 2016. He specialises in mineral property assessment, strategic studies and valuation, and has provided expert witness in these areas continuously for more than a decade.

    His experience includes operational management in underground and open pit mining in positions from shift boss to resident manager, which has also involved the control of CIP/CIL, flotation, magnetic separation and gravity processing plants. He has subsequently held more than twenty-five executive and non-executive directorships - including the positions of technical director, managing director, and ten appointments as chairman - in ASX-listed and other active mining companies.

    Steve previously held a long-term appointment as Visiting Fellow at the University of New South Wales (UNSW), and currently lectures on a casual basis to post-graduates at UNSW on mineral economics, mineral asset valuation and mine management systems. He also currently advises on mineral asset valuations and mine feasibility studies in Mongolia, on behalf of the Australian Government.

    He is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), a Chartered Professional (Mining), and a Member of the American Institute of Mining, Metallurgical and Petroleum Engineers. He has been an AusIMM representative on the VALMIN Committee since 2010 and is also a VALMIN representative to the International Mineral Valuation Committee (IMVAL), which he chaired in 2018 and 2019
    Steve Gemell
    Jeames McKibben
    Jeames McKibben
    MRICS, MAIG, FAusIMM(CP)
    SRK Consulting Principal Consultant - Project Evaluation

    Jeames McKibben is an experienced international mining professional having operated in a variety of roles including consultant, project manager, geologist and analyst over more than 27 years. He has a strong record in mineral asset valuation, project due diligence, independent technical review and

    deposit evaluation. As a consultant, he specialises in mineral asset valuations and Independent Technical Reports for equity transactions and in support of project finance. Jeames has been responsible for multi-disciplinary teams covering precious metals, base metals, bulk commodities (ferrous and energy) and other minerals in Australia, Asia, Africa, North and South America and Europe. He has assisted numerous mineral companies, financial, accounting and legal institutions and has been actively involved in arbitration and litigation proceedings. Jeames is a RICS Registered Valuer and Chartered Valuation Surveyor, as well as a member of the VALMIN Code Committee.
    Ivy Chen
    MAusIMM
    Principal Consultant, CSA Global

    Ivy is a corporate governance specialist with more than 30 years’ experience in mining and resource estimation. She served as the national geology and mining adviser for the Australian Securities and Investments Commission (ASIC) from 2009–2015 and is currently Principal Consultant at CSA Global. Ivy’s experience in the mining industry in Australia and China, as an operations and consulting geologist includes open pit and underground mines for gold, manganese and chromite. As a consulting geologist she has conducted mineral project evaluation, strategy development and implementation, through to senior corporate management roles. Ivy joined the VALMIN committee in 2015.
    Ivy Chen

    What are the technical requirements to participate in the course? i.e. do I need a webcam, microphone, etc?
    The course will be run entirely online via a cloud-based Learning Management System (LMS) which can be accessed via computer, tablet or phone. Participants will simply need to have a working Internet connection and a computer, tablet or phone with sound to access the course. The live webinars will be hosted on Adobe Connect and participants may choose to download this application to their computers or devices; however, this is an optional download and attendance via an internet browser is also enabled. Participants will not be required to have access to a webcam or microphone.

    How long will the course take?
    The full course is estimated to take about 12 hours of learning (approximately three hours per module). Participants will have access to the course platform for six weeks to complete all modules.

    How often will the courses be run?
    The first intake will commence in February 2021. Following this, we aim to run two intakes each year.

    Will the course be delivered in other languages?
    At the moment, the course will only be delivered in English. Live captioning can be requested for webinars – please email onlinecourses@ausimm.com if this is required.

    Does someone have to have a prequalification of years’ experience before they can do the course?
    No, the course is designed for those working on the evaluation of mining and exploration assets, undertaking technical assessments that are components of economic evaluations (Scoping Studies, Pre-Feasibility Studies and Feasibility Studies) , or responsible for Public Reports that will include information about the evaluation of assets or valuation of securities should know the VALMIN Code. The VALMIN Code provides guidance on what should be included in such studies and how to prepare a Public Report that will comply with relevant laws.

    Please click here to view the terms and conditions.

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