EduMine has launched a new course by SFU Senior Lecturer and chartered accountant Alain Duncan: Understanding Financial Statements of Mining Companies Under IASB and FASB Regulations.

This course is aimed at helping those who wish to read and interpret the financial statements of mining companies. It assumes the reader has no formal training or background in accounting but does have a general interest in business with a leaning towards mining.

Furthermore, this course assumes a managerial or investor approach rather than that of accountant or bookkeeper. We look at financial statements for their organization, information content and limitations. In short, you will not learn any bookkeeping or debits and credits but rather you will see numerical data and narrative-based descriptions prepared by mining companies.

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Upon completion of the course the participants will be able to gather geotechnical data, either from rock cuts, drifts or core, and process the information for subsequent analysis. The focus of the course is towards gathering information for purposes of analysis and design. The goal is to use effective mapping techniques to obtain data can be used as input for any of the established rock classification systems. All of the commonly used classification values such as Barton’s Q and Q’ systems, Bieniawski’s RMR, Laubscher’s MRMR and Hoek’s GSI systems will be covered.

This course will include a half-day underground mapping and rock classification tour at Britannia Mine and as well as a half-day surface mapping and rock classification field trip on the outskirts of Vancouver.

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The Universidade Federal do Rio Grande do Sul (UFRGS) in Ouro Preto, Brasil, has been added to EduMine’s database of mining schools around the world. The Department of Mining Engineering at UFRGS was officially created in 1942, earning recognition on July 12, 1950. The department aims to train professionals and to help them carry out activities related to prospecting and mineral exploration, mining, processing, and related activities.

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