Cornel Mtavangu
TIES EditorialFrom 26th–28th November and 1st December 2025, Tanzania Integrated Engineering Solution Company Limited (TIES), in partnership with Paulsam Company Ltd, successfully conducted an intensive Financial Modelling for Mining Projects Course at Rafiki Dodoma Hotel.
This specialized training brought together professionals, engineers, and aspiring analysts to gain practical skills in financial modelling tailored specifically for the mining sector.
Bridging Finance and Mining Expertise
Financial modelling plays a critical role in evaluating the viability of mining projects. From feasibility studies to investment decisions, accurate financial models help stakeholders understand risks, returns, and long-term sustainability.
This course was carefully designed to combine financial principles with real mining project applications, ensuring participants gained both technical and practical knowledge.
What the Training Covered
Over four structured days, participants explored a wide range of topics, including:
Day 1: Introduction to Mining Economics
- Mine life cycle and mine layout
- Production rates and scheduling
- Cut-off grade determination
- Mineral recoveries and dilution
- Feasibility studies of mining projects
- Mineral asset valuation methods
Day 2: Economic & Commercial Analysis
- Cost modelling (capital and operating costs)
- Revenue and Net Smelter Return (NSR) calculations
- Taxation, royalties, and deductions
- Discount rates and inflation
- Exchange rate and price forecasting
- Mine project financing options
Day 3: Capital Budgeting Techniques
- Time value of money
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Payback period and profitability index
- Sensitivity analysis
- Discounted cash flow (DCF) modelling
Day 4: Practical Financial Modelling
- Building financial models using Excel
- Real-case mining project exercises
- Hands-on application of all concepts learned
Practical, Hands-On Learning Experience
What made this training stand out was its hands-on and application-driven approach. Participants didn’t just learn theory—they:
- Built financial models using Excel
- Worked on real mining project scenarios
- Engaged in discussions and group exercises
- Received guidance from experienced facilitators
This ensured that every participant left with practical skills they can immediately apply in their careers or businesses.
Impact and Outcomes
By the end of the training, participants were able to:
- Develop structured and dynamic financial models
- Evaluate mining projects with confidence
- Apply capital budgeting techniques effectively
- Make informed, data-driven investment decisions
The course also created a platform for networking, knowledge sharing, and professional growth among participants from different sectors.
TIES Commitment to Industry Excellence
Through trainings like this, TIES continues to demonstrate its commitment to:
- Building local capacity in the mining industry
- Promoting innovative and digital solutions
- Supporting sustainable and profitable mining practices
Looking Forward
The success of this training highlights the growing need for financial and technical integration in mining projects. TIES remains dedicated to offering more industry-relevant courses that empower professionals with the skills needed in today’s competitive environment.
Be Part of the Next Training
If you’re looking to advance your skills in financial modelling, mining project evaluation, or investment analysis, upcoming TIES trainings provide the perfect opportunity.
Stay connected and take the next step in your professional journey.
Email: info@ties.co.tz
Call: +255 653 405 687