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Mining short course

Cost Estimation for the Resources Industry

PD Hours
Mining short course

Cost Estimation for the Resources Industry

PD Hours

Gain tools, techniques and tips to create accurate cost estimations for the resources industry.


Quick facts

Duration Delivery Course Type Next Intake PD Hours Language
12 hours
4 weeks
100% online
Short course
19 July 2021
Up to 12

Course overview

The Cost Estimation short course is designed to provide resources industry professionals with foundational tools and techniques to perform capital, operating and business cost estimations specific to the resources sector from scoping to feasibility studies.

Delivered by experienced industry leaders, this course draws from the AusIMM Cost Estimation Handbook and many case studies to provide practical tips for edging closer to accurate cost estimation.



Learning objectives

  • Explain the purpose, characteristics and terminology of cost estimates in expenditure decisions and project studies
  • Describe methods for estimating capital, operating and business costs
  • Define accuracy, contingency, owner’s costs and timing
  • Demonstrate general estimation techniques, shortcuts and checks
  • Explain the use of benchmarking to validate cost estimates
  • Describe estimating costs for emerging technologies
  • Discuss cost estimation case studies

Course structure

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:

  • Weekly live webinar
  • Additional resources and readings (case studies, videos, articles)
  • Selective examples of tools used
  • Group discussion forums
  • Learning activities in the form of short test questions

Module 1

Overview of Cost

Webinar | Thursday 22 July
11.30 - 13.00 AEST

Module 2

Capital Cost

Webinar | Thursday 29 July
11.30 - 13.00 AEST

Module 3

Operating Cost

Webinar | Thursday 5 Aug
11.30 - 13.00 AEST

Module 4

Case studies and

Webinar | Thursday 12 Aug
11.30 - 13.00 AEST

Who should attend?

Project and study managers
Build credible cost estimates for mining projects.

Financial analysts and decision makers
Understand cost estimation methodology, limitations and risks.  

Operational engineers and technologists
Estimate costs for budgeting, studies and equipment selection.

Course pricing

Price is inclusive of 10% GST
Price is inclusive of 10% GST

Enrolments now open

Course commences 19 July


Neil Cusworth

Chairman and Founding Director, Enthalpy
Neil is the Chairman and Founding Director of Enthalpy’s Australian, European and North & South American operations, as an independent Project Management services provider, since 1988.

Neil’s Project Management career has spanned almost four decades working as a Project Manager – Director on resource projects in most continents. Major projects have included Gordonstone Coal, Minera Alumbrera, Queensland Magnesium, Mt Isa Copper Smelter, sale of the Gladstone Power Station, Emu Downs Wind Farm, Anaconda Murrin- Murrin and the OPR – Crosslands Iron Ore project.

He has undertaken a variety of specialist advisory and Independent Peer Review assignments since 1988. These have included a wide range of Independent Peer Reviews and Expert Witness assignment for Reko Diq and Pascal Lama projects.

Neil’s speciality has including development and providing ‘best practice’ systems, procedures and reviews for multinational corporations including BHP Billiton, Barrick Gold, Antofagasta Minerals, Stanwell Energy, Cliff’s, MIM and Codelco. His focus since 1982 has been on defining the capital cost estimating standards in the mining sector.

Daniel Kahler

Director and Principal Mining Engineer, AMC Consultants
Daniel has over 24 years’ experience in operational, technical, and board roles, and has broad technical and management expertise. He has managed or played a lead role in numerous studies across the entire life cycle of mining businesses – ranging from IPO’s to detailed engineering to closure studies. This includes being the competent or qualified person for public reports.

Daniel’s passion is the ‘strategy and risk optimization’ of mining businesses – from geology-to-dollars. His strength is being able to mentor, manage, and do every part of these studies from ideation to communication across all technical disciplines. This includes identifying and solving complex integrated technical issues and communicating understandable solutions for implementation. In particular, he is uniquely qualified to optimize assets involving underground operations. This is a result of being mentored by Brian Hall for six years in the Hill-of-Value technique. Daniel also conceptualised and authored MCost™, AMC’s first-principles cost and productivity estimation software for underground mining.

Peter McCarthy

Chairman Emeritus, AMC Consultants
Peter is a co-founder of AMC Consultants, an international mining consultancy established in 1985. With 51 years of experience in the mining industry, Peter has been responsible for underground and open pit mine feasibility studies, mine valuations and technical studies for projects in Australasia, Asia, Europe and Africa. He has published more than 60 technical papers and articles in his areas of interest and has served as a non-executive director of five public companies. He is a past President of the Australasian Institute of Mining and Metallurgy and received the Beryl Jacka award in 2009.

Peter has held Mine Manager’s Certificates in Victoria and New South Wales and has degrees in Mining Engineering and Mineral Economics. He is a Life Member and board member of the Sovereign Hill Museums Association, an Honorary Fellow of The Australasian Institute of Mining and Metallurgy, a Chartered Professional Engineer, a member of the CSIRO Mineral Resources Advisory Council.

Peter has chaired several AusIMM committees and working groups, and has a special interest in mining heritage.

Frequently asked questions

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. They will not be required to download any software and will not require any hardware like a webcam or microphone.

The entire course will run over four weeks. It is expected that participants will take about 12 hours to finish the entire course. This includes attendance at live webinars and completion of all learning activities.

Yes, it is a requirement for participants to complete all modules and pass all learning activities to receive a certificate of completion.

We aim to run two intakes each year.

Unfortunately no, the course must be completed in its entirety.

At the moment, no, but we will be looking at delivering the course in other languages in the near future.

Participants can earn professional development (PD) hours for undertaking the course. One contact hour of technical content is equivalent to one PD hour.

Terms and Conditions

AusIMM Course Terms and Conditions

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AusIMM Course Privacy Collection Statement

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Gain tools, techniques and tips to create accurate cost estimations for the mining industry.