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By Michele Beacom - 09 September 2024
The fourth edition of CIM’s Capital Projects Symposium will focus on the key elements for successful project development and execution
The theme of this year’s edition of the Capital Projects Symposium (CPS) is improving the global track record of capital project delivery and execution in the mining industry.
Taking place in Toronto at the Marriott Downtown from Nov. 3 to 5, the event will open Sunday with training workshops on topics such as: project and corporate financial modelling; operating cost estimation; and technical reporting requirements. “This year’s training workshops will address critical aspects of capital projects, equipping professionals with cutting-edge knowledge and practical skills to navigate the complexities of today’s ever-evolving industry,” said Ian Pearce, CIM president and one of the conference organizing committee members. Registration for the conference is not required to attend the workshops. A certificate of participation with professional development hours will be granted following the completion of each course.
Following the workshops are two days of sessions, which are designed to offer an in-depth exploration of key areas: project development, execution, financing and invaluable lessons learned from past experiences. “While the structure remains consistent with previous years’ symposia to ensure a coherent learning journey, the content is refreshingly new, delivered by distinguished experts and thought leaders who bring fresh perspectives and insights,” said Pearce.
Four sessions will be held over two days of the symposium:
• Rocks to riches. From initial exploration to study development, this session will focus on the entire journey of transforming geological data into viable mining projects. Topics include data gathering, geological modelling, and risk assessment of tonnages and grades in situ.
• Putting your neck on the line. This session will cover the crucial stages of a mining project, from making the final investment decision to project delivery. It will include discussions on applying modifying factors to mine design, equipment sizing and production planning. Emphasis will be on the importance of stochastic mine planning to create multiple scenario sensitivities for enhanced value and risk analyses.
• Whose money to use? A comprehensive review of various financing mechanisms for mining projects. Topics include the evaluation of different funding sources and strategies to secure investment. Discussions will highlight current rules for disclosing mineral resources and reserves, as well as incentive programs for critical and strategic mineral production.
• The good, the bad and the ugly. This session will focus on real-world experiences and lessons learned from past mining projects. Attendees will hear about both successful and challenging projects, providing valuable insights into best practices and common pitfalls. Key takeaways will include strategies for mitigating risks and optimizing project outcomes.
“This symposium provides an opportunity to update people on what’s happening from permitting all the way through to closure, including expectations of communities and Indigenous engagement,” said Samantha Espley, organizing committee member.
Pearce added that CPS “is not just an event—it’s an invaluable opportunity for professionals to deepen their knowledge, share experiences and forge lasting connections within the industry. It is a must-attend for those looking to stay ahead of industry trends, enhance their project management skills and be part of a thriving community of forward-thinking professionals.”
