1. Finance at Imperial MSc Metals & Energy Finance
Professor Dennis Buchanan, Course Director,
Department of Earth Science & Engineering,
Engineering Faculty

2. Imperial at a glance The University: Established in 1907
world class scholarship, education and research in science, technology and medicine
interdisciplinary collaborations
communicate and share knowledge
13,400 students (30% Postgraduate)
Established in 1907
Academic faculties:
Engineering
Natural Sciences
Medicine
Business School

3. Imperial College
Imperial College London: World class research and teaching in science, engineering, medicine and management
“It has been a century of great achievement, and my thanks go to all the people, the staff and the students, whose work over the decades has enabled Prince Albert’s vision to flourish” Her Majesty The Queen, 9 July 2007

4. Our standing
Times Higher Education Supplement World University Rankings:
3rd in Europe 5th in World overall
2nd in Europe 6th in World for engineering / information technology
3rd in Europe 10th in World for natural sciences
3rd in Europe 17th in World for life sciences/biomedicine
Times Good University Guide 2010
3rd in UK
Sunday Times Good University Guide 2010
The Independent Complete University Guide 2010

5. Our disciplines Engineering Natural Sciences Medicine Business
Tomorrow’s breakthrough technologies

6. Finance teaching at Imperial College
MSc in Mathematics and Finance
Faculty of Natural Sciences
MSc Finance
Business School
MSc in Metals and Energy Finance
Faculty of Engineering
Perspective
Mathematics for Developers of Financial Tools
Perspective
Science and Engineering applied to Financial Services and Producers
Maths
Quant
Accounts/
Finance
Perspective
Creative Users of Financial Tools 6

7. MSc Metals and Energy Finance
A Joint programme between the Engineering Faculty (Department of Earth Science and Engineering) and the Imperial College Business School.
In the 2008 research assessment, all the Dept. of ESE’s research was evaluated as excellent and of international significance. The Department also received leading scores in the most recent teaching quality assessment.
Business School ranked second in UK in the 2008 research assessment (after London Business School with University of Cambridge third). 7

8. Athabasca Oil Sands – Convergence between petroleum and mining8

9. Autumn Term: MSc Metals and Energy Finance
Gold intergrowth 9

10. Autumn Term: MSc Metals and Energy Finance
Gold intergrowth 10

11. Autumn Term: MSc Metals and Energy Finance
Carlin –
epithermal gold 11

12. Spring Term: MSc Metals and Energy Finance
Reservoir
Rocks 12

13. Wesssex Coast Excursion– Unconventional Petroleum – Oil Shales – Kimmeridge Bay13

14. Course Weighting: MSc Metals and Energy Finance
Examinations (43%)
Management & Business Examination Module
Accounting paper (2 hours)
Management of Projects, Markets & Supplies, Strategic Management paper (3 hours)
Petroleum & Mineral Geoscience Examination Module
Mineral Deposits (2 hours)
Petroleum Geology and Engineering papers(2 hours)
Project Evaluation Examination Module
Metals & Energy Project Appraisal and Finance, Resource Evaluation paper (2 hours)
Mining Engineering. Extractive Metallurgy paper (2 hours)
Quantitative Finance Examination Module
Asset Pricing and Derivatives paper (3 hours).
Investment and Portfolio Management 2 paper (3 hours)
Mathematical Techniques in Finance paper (3 hours)
Language and Excursions (26%)
Language Module
Choice of Spanish, French or Italian. Assessment through a Viva voce, coursework and test
Excursion to Wessex and South Africa Course Work Module
Field exposure to petroleum systems and active energy and metal operations. Write-up presented in two extended reports
Dissertation Module (31%)
Independent research undertaken over 10 weeks during the summer 14

15. Strategic Management integrated into Professional Development Programme15

16. Deadline for submission of Dissertations
Summer Programme
Summer Term
Week 1 2
3 &4
5 -7
8 & 9 10
Activity
Examinations
Examinations and Dissertation Preparation
Excursion
Excursion report
Preparation and presentation of dissertation topics
Board of Examiners meeting. Preliminary results
Summer – Internships and dissertations.
Deadline for submission of Dissertations
– mid September
Anglo Coal, South Africa 16

17. South African Excursion May 2012
Newman Shaft LONMIN Platinum
Limpopo River Valley 17

18. South African Excursion May 2012
Nkomati blast sequence, Norilsk/ARM 18

19. South African Excursion May 2012
Boardroom briefing, De Beers Venetia Diamond Mine 19

20. South African Excursion May 2012
Lion Ferrochromium, Xstrata 20

21. South African Excursion May 2012
Landau coal, AngloCoal 21

22. South African Excursion May 2012
Week 1
LONMIN – Marikana Mine (Layered PGE)
Exstrata – Rhovan (Vanadium)
Kumba – Thabazimbi Mine (Stratabound iron)
Anglo Plat – Mogalakwena (Open pit platinum)
De Beers – Venetia (Open pit diamonds)
Weekend – Kruger Park
Week 2
Rio Tinto – Palabora open pit (carbonatite Cu)
Xstrata – Lion FeCr Plant
Nkwe Platinum (Evaluation)
ARM – Nkomati mine and plant (Ni)
ANGLOCOAL –Landau Colliery (Coal) 22

23. 2009 Dissertations in Public Domain
Metals & Minerals
Energy & Carbon Capture
Valuing the Potential Of Carbon Sequestration in American Coal Gasification Projects. X
Financial Evaluation of the Manganese Nodule Resource in the Cook Islands.
Financial Valuation of a Surface Satellite Deposit in a Copper Underground Mine
Mining the Albertan tar sands after 2010.
Analysis and Optimisation of Fiscal Agreements in the Oil and Gas Industry
A Strategic Assessment of the Economics of Coal Mine Methane Projects
Economic Appraisal of Gas to Liquid Projects
Recent Developments in the Diamond Industry
Discounted Cash Flow Valuation and Multi-Factor Real Option Analysis
Valuation of a tar sands project in Alberta
What platinum prices are required to allow mechanization
Changes to the Risk Profile of the Aluminium Industry
Modelling the Effect of Oil Forward Curve Dynamics
The future of Coal Industry of India through the valuation of a Captive Mining Project
A Financial Assessment of a CO2-EOR project in the North Sea,
A Real Option Valuation on the Deferment of Canada Montney Tight Gas Project
Coal vs .Gas in an Electricity Production Unit of 400MW in European Union 23

24. Programme Aims
produce graduates equipped to pursue careers in the technical and financial appraisal of natural energy and mineral resource projects and develop an understanding of how this knowledge may be applied in practice;
offer traditional minerals related training directly applicable to a career in the minerals industry for graduates with geology and minerals engineering undergraduate degrees;
introduce key technical and geological concepts relevant to petroleum projects;
enhance career opportunities in the financial services and petroleum industries for graduates of all backgrounds;
provide the basis for an understanding of quantitative finance, accounting and strategic management within the context of technical principles that apply specifically to mineral and energy projects;
respond to the importance of the City of London as a global centre for mining and energy finance by providing knowledge of corporate finance (acquisitions and mergers), the equity markets, debt finance, metals markets and associated derivative markets;
provide training in financial modelling, financial engineering and in the techniques of risk modelling;
enhance entrepreneurial skills;
provide the skills needed to undertake independent research projects both in industry and in the university environment. 24

25. Placements in January 2011 of MSc M&E Finance Graduates

26. Graduate Placements – Financial Services (Jan 2011)
Altus Capital Ltd – Energy Policy Analyst (London)
Barclays Capital – Commodities Trading (London)
BNP Paribas – Business Analyst and Structured Debt (Paris)
Central Bank of Niger - Analyst
CIM Investment – Analyst (London)
Citibank – Management Associate (Algeria)
Commerzbank – Structured Interest Rates (London)
Macquarie Bank - Natural Resources Team (Toronto)
GMP Securities Europe LLP – Analyst (london)
HSBC – Relationships (China)
JP Morgan – Associate (London)
Resource Capital Funds – Analyst (Denver) 26

27. Graduate Placements – Financial Services (Jan 2011)
Rabobank Group – Sales (London)
Societe General – Interest Rates Structurer – London
Sumitomo Mitsui Banking – Manager, Metals & Mining Project Finance ( London)
UniTrust Finance & Leasing – Credit Analyst (China)
WestLB – Director and Head of Credit (Sydney)
Recruting from the Programme:
BMO
CIBC
Macquarie
Numis
Renaissance 27

28. Graduate Placements – Mining, Metals & Quarry
Anglo America – Market Analyst, iron ore (Luxembourg)
De Beers – Corporate Finance and Strategy Analyst (London)
Lundin Mining - New Business Development
Rio Tinto – New Business Development (London)
Rotherham Sand and Gravel – Manager (UK)
Recruting:
ArcelorMitall 28

29. Graduate Placements – Petroleum Industry and Enery & Utliities (Jan 2011)
BG Group – Commercial Advisor (Mumbai)
BP – Finance Analyst (Azerbaijan)
Exxon Mobil - Product Master Coordinator (Turkey)
Total – Strategy Engineer (Paris)
Recruitment:
Statoil
Drax – Quantitative Commodity Analyst (UK)
EDF – Risk Analyst (Paris)
GDF SUEZ Key Account Sales (France)
Moroccan Agency for Solar Energy – Technical and Financial Advisor (Morocco) 29

30. Graduate Placements – Consultants (Jan 2011)
Booz & Co – Consultant (UAE)
CGGVeritas – Party Manager (France)
CRU – Research Analyst Nickel & Ferrochomium (London)
Equinox Consulting – Consultant (Paris)
Independent Project Analysis – Analyst (UK)
Insight Consulting – Analyst (London)
Mazars – Transaction Support and Corporate Advisory (London)
NAPIMS – Petroleum Economist (Nigeria)
Wood MacKenzie - Energy Markets Analyst (Houston, Texas 30

31. Graduate Placements –Other (Jan 2011)
International Development:
IBRD – Energy Policy Analyst (Washington) – Consultant (UAE)
Univerities
Nigeria – Lecturer
Imperial College – Postgraduate MSc student
Imperial College – PhD
Toronto – Postdoctoral Research Fellow 31

32. Profile of 2007/2008 Students BSc Economics, SOAS
BE Pet, Istanbul Tech Uni
BE Bioengineering, IC
BSc Elec Eng, Univ Lagos
BSc Elec Eng, Ecole Sup D’Elec (x3)
BSc Econ, Royal Holloway
BE Eng Physics, Queen’s
BSc Comp Sci, Royal Holloway
BSc Mech Eng, Uni Ado-Ekiti
B.Com Finance, Wits
MSci Phyusics, UCL
BE Chem Eng, Edinburgh
BSc Fluid Mech, Ecole Poly
BA Economics, Cambridge
MA International Business, Edinburgh
BSc Man Studies, IC
BA Physical Science, Cambridge
BSc Geol Eng, Middle East Tech Uni
BSc Econ, Warwick
BSc Mech Eng, Ecole Nat Sup
BSc Fin & Accounting, Brunel
MSc Chem, Warwick 32

33. Profile of 2008/2009 Students MSci, Univ. Bristol
DIP Economics, Univ. Bonn
BA Phil, Univ. Leeds
BSc Appl. Chem, Univ. Newcastle
ME, Univ. Leeds
BE Mining Eng., Univ. Akure
BSc Elec Eng, Ecole Sup D’Elec (x3)
BA Econ. Univ. Durham
BE Chem. Eng., Univ. Nottingham
BE Mat. & Metall Eng. FUT
BSc Econ & Geosc., Univ. St Andrews
MD Manag. Eng., Univ. Cath. de Louvain
BSc Eng Geol, Univ. Tehran
BSc Econ. SOA, Azerbaijan
BSc, Mech Eng.,BA, Econ, Queen’s Univ.
ME Elec. Eng. ENSEEIHT
BE Mech. Eng.,Kings College, london.
BSc Mining & Ind Eng, Univ. de Chile
BSc Econ., univ. Warwick
MSc Appl. Maths, Sorbonne
BE Cehm Eng, Univ. Leeds
BSc Maths, Royal Holloway 33

34. 1011/2012 Fees : £29,500 (overseas) and £17,500 (Home EU)
Contact Details
Course Director – Professor Dennis Buchanan
Samantha Delamaine - Postgraduate Administrator
Address:
Department of Earth Science & Engineering
South Kensington Campus
Imperial College London
London SW7 2AZ
Tel:
1011/2012 Fees : £29,500 (overseas) and £17,500 (Home EU) 34