Metal Accounting and Plant Reconciliation

Course objectives

• Apply the metal accounting framework and its governing principles
• Identify sampling and measurement points and quantify their error
• Mass balance a plant and reconcile the data
• Measure stock and in circuit inventory including lock up
• Analyse variances and investigate an unexplained discrepancy
• Distinguish a measurement error from an actual loss
• Meet governance and audit requirements for reported metal

Who should attend

• Metallurgical accountants and plant metallurgists
• Finance staff reporting production
• Laboratory and sampling personnel
• Internal auditors covering mining operations
• Mine and plant managers accountable for reported output

Course outline

1. 01The number owners and regulators receive
2. 02The accounting framework and principles
3. 03Sampling and measurement points
4. 04Error contribution and uncertainty
5. 05Mass balancing and data reconciliation
6. 06Stock, in circuit inventory and lock up
7. 07Variance analysis and investigation
8. 08Governance, audit and controls

Scheduled sessions