Mine Tour

Participants enjoyed a full-day tour of Freeport-McMoRan's Bagdad, Arizona mine. University of British Columbia mining professor Scott Dunbar led the group, previewing the tour first thing in the morning. Upon arrival at the mine, Freeport McMoRan personnel provided a guided tour of the open-pit copper mine, concentrator and related facilities. Professor Dunbar also provided commentary and then related what will be gleaned from the mine tour to his Mining Basics class, that was taught the next day on Wednesday, September 23.

Mine Tour: Introduction to Mining and Mineral Processing

1.2 MB

Investing in South America and Mexico

Income tax professionals from Mexico and South America that focus on mining and international tax gave presentations on local and international tax issues in connection with foreign investments in mining projects in Mexico, Chile, Brazil, Argentina and Peru. Canadian and U.S. tax professionals were available to discuss home country issues in respect of such investments.

This session was designed for tax practitioners as well as financial officers from mining companies that either have or are considering investments in South America and Mexico.

Investing in South America and Mexico:
Peru		114 KB
Chili		165 KB
Brazil		664 KB
Mexico		167 KB

Meeting with IASB Board Member, Bob Garnett

We are very pleased that International Accounting Standards Board Member Robert P. Garnett was able to join us at this year's School of Mines for an informal meeting with School attendees. Bob was in the US during the week of the School for several meetings discussing recent IFRS developments. He graciously agreed to join us at the School on Tuesday, September 22, for an informal discussion of the recently issued Working Draft of the Extractive Industries Discussion Paper. While the Working Draft has been issued, the IASB is not expected to request comments from the public until Q1 2010. This session with Bob was an excellent opportunity to explore the Discussion Paper with an IASB Board Member and both offer and receive preliminary thoughts on it. Bob was Executive VP - Finance for Anglo American plc before joining the IASB. The Working Draft of the Discussion Paper can be viewed here: Extractive Industries Discussion Paper. Additional information on Bob Garnett is available here: IASB Members. 

Meeting with IASB Board Member, Bob Garnett

114 KB

Mining Basics: Introduction to Mining and Mineral Processing

Professor W. Scott Dunbar, University of British Columbia, Vancouver, presented the engineering, geological and economic basics of mining today. He used photos and experiences from the prior day’s tour of the Bagdad mine to illustrate the building blocks of exploring, developing, operating and reclaiming a mine. Scott is an experienced educator who has presented at the School for the past several years. He is well versed in the type and depth of information necessary for the participants to better perform their jobs in the future.

NOTE: These files are large in size and may take a few minutes to download depending on your internet connection speed.
Part A: Ore Deposits		6 MB
Part B: Mining Methods		8.4 MB
Part C: Mineral Processing Methods		6.2 MB
Part D: Mine Waste Disposal		6.8 MB
Part E: Mining and Money		4.2 MB
Part F: A Future of Mining		5.9 MB

Basics of Mining Accounting and Tax

After spending the morning with Scott Dunbar on the operational aspects of mining, participants spent the afternoon on the basic accounting and tax principles of mining. For a more detailed overview of the accounting and tax ramifications of mining, participants chose accounting or tax for U.S., Canada or Latin America (in Spanish).

Basics of Mining Accounting - U.S.		3 MB
Basics of Mining Accounting - Canada		110 KB
Basics of Mining Accounting - Latin America		3.3 MB
Basics of Mining Tax - U.S.		139 KB
Basics of Mining Tax - Canada		236 KB

The morning Assurance plenary session:

Update on U.S., Canada and Latin America GAAP:
U.S. GAAP Update		73 KB
Canada GAAP Update		21 KB
Mexico GAAP Update		23 KB

The morning Advisory plenary session:

Carbon Legislation; Alternative Energy Credits and Sustainability		1.2 MB
Mining Financing:
Mining and Financing: After the "Bubble"		43 KB
Non Equity Mining Financing		135 KB

The morning Tax breakout sessions:

Expatriate Tax Issues		41 KB
Carbon Legislation; Alternative Energy Credits and Sustainability		1.2 MB
Cash Tax Optimization		85 KB
Pass Through and Other Entity Issues, including Change in Control		144 KB
Total Tax Contribution/Focus on Indirect Taxes:
Impacts of Mining Tax Policies		308 KB
Sales Tax Harmonization: Reducing Complexities		89 KB
Tax Function Effectiveness		356 KB
Total Tax Contribution		619 KB
A Focus on Indirect Taxes		21 KB
Current Latin American Tax Uncertainties		45 KB

The afternoon Tax plenary session:

Update on U.S., Canada, Mexico and Latin America Taxes:
U.S. and Canada Tax Update		45 KB
U.S. Mining Tax Issues		26 KB
Latin America Tax Update		23 KB

The afternoon Advisory plenary session:

Profit Improvement within the Mining Industry		651 KB
Sustainable Cost Reduction and Asset Maximization		2.9 MB

The afternoon Assurance breakout sessions:

IFRS, including IASB Extractive Industries Discussion Paper:
Issues Arising from a Preparers Perspective		18 KB
Extractive Industries Discussion Paper: An Auditor's Perspective		89 KB
Extractive Activities Research Project: IFRS Implementation for Mining		40 KB
Mining Deals: From Prospecting to Integrating		221 KB
New Consolidation Rules		57 KB
Information Disclosure Issues: Voluntary and Required		291 KB
Overview of Latin America's Emerging Economies		397 KB
Fraud in the Downturn		2.9 MB

Plenary sessions:

A View From Academia - Sustainability		271 KB
A View from Australia - Overview of Mining in Australia		787 KB
Executive Suite Perspectives: Response to the current economic situation and short and long term perspectives in the industry.
Code Chili: Challenges for the World's Largest Copper Producer		776 KB
Osisko Mining Corporation: Building an Intermediate Gold Producer in Great and Challenging Times: The Osisko Story		8 MB (large file)
Industrias Peñoles: The Mexican Mining Industry: General Perspectives and Challenges		4.3 MB (large file)
American Coal Council: The Industry Response to the Economic Downturn		5.5 MB (large file)

Continuing Professional Education:
Participants who completed the entire program are eligible to earn approximately 22.5 CPE credits in total.

Contacts:
If you have any questions, please reach out to Jennifer Baska.

PricewaterhouseCoopers LLP is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org