Finance at Imperial
MSc Metals & Energy Finance
Professor Dennis Buchanan, Course Director,
Department of Earth Science & Engineering,
Engineering Faculty
Imperial at a glance
The University:• 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
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
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• 3rd in UK
The Independent Complete University Guide 2010• 3rd in UK
Our disciplines
• Engineering
• Natural Sciences
• Medicine
• Business
Tomorrow’s breakthrough technologies
Finance teaching at Imperial College
MSc in Mathematics and Finance
Faculty of Natural Sciences
MSc FinanceBusiness School
MSc in Metals and Energy Finance
Faculty of Engineering
Maths Quant
Accounts/Finance
Perspective
Mathematics for Developers of Financial Tools
Perspective Creative Users of
Financial Tools
Perspective
Science and Engineering applied to Financial Services and
Producers
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).
Athabasca Oil Sands – Convergence between petroleum and mining
Autumn Term: MSc Metals and Energy Finance
Gold intergrowth
Mineral Deposit Studies
Petroleum Geology Petroleum Engin CFM/MEPAF/MPMS
Language0%
5%
10%
15%
20%
25%
30%
35%
ESE Autumn (Language) 130 hrs
Autumn Term: MSc Metals and Energy Finance
Gold intergrowth
Mineral Deposit Studies
Petroleum Geol Petroleum Eng CFM/MEPAF/MPMS
Suppl Maths0%
5%
10%
15%
20%
25%
30%
35%
ESE Autumn Term (Maths) 105 hrs
Autumn Term: MSc Metals and Energy Finance
Carlin –epithermal gold
Business School Autumn Term 120 hrs
0%
5%
10%
15%
20%
25%
30%
35%
Accounting(Lecture)
Math Tech inFinance (Lecture)
Math Tech inFinance (Seminar)
Investment &Portfoilio
Management(Lecture)
Investment &Portfoilio
Management(Seminar)
Spring Term: MSc Metals and Energy Finance
Reservoir RocksProject
Appraisal & Finance
Cash Flow Modelling
Man-agement
of Projects
Mining Eng Extractive Metallurgy
Excursion (wessex Basin)
Resource Evaluation
Strategic Man-
agement
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
Business School Spring Term 50 hrsAsset Pricing and
Derivatives
Language Group 33 hrs
220 hours
Wesssex Coast Excursion– Unconventional Petroleum – Oil Shales – Kimmeridge Bay
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
Strategic Management integrated into Professional Development Programme
Summer Programme
Summer TermWeek
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.
Anglo Coal, South AfricaDeadline for submission of Dissertations
– mid September
South African Excursion May 2012
Limpopo River ValleyNewman Shaft LONMIN Platinum
South African Excursion May 2012
Nkomati blast sequence, Norilsk/ARM
South African Excursion May 2012
Boardroom briefing, De Beers Venetia Diamond Mine
South African Excursion May 2012
Lion Ferrochromium, Xstrata
South African Excursion May 2012
Landau coal, AngloCoal
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)
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. X
Financial Valuation of a Surface Satellite Deposit in a Copper Underground Mine X
Mining the Albertan tar sands after 2010. X
Analysis and Optimisation of Fiscal Agreements in the Oil and Gas Industry X
A Strategic Assessment of the Economics of Coal Mine Methane Projects X
Economic Appraisal of Gas to Liquid Projects X
Recent Developments in the Diamond Industry X
Discounted Cash Flow Valuation and Multi-Factor Real Option Analysis X
Valuation of a tar sands project in Alberta X
What platinum prices are required to allow mechanization X
Changes to the Risk Profile of the Aluminium Industry X
Modelling the Effect of Oil Forward Curve Dynamics X
The future of Coal Industry of India through the valuation of a Captive Mining Project X
A Financial Assessment of a CO2-EOR project in the North Sea, X
A Real Option Valuation on the Deferment of Canada Montney Tight Gas Project X
Coal vs .Gas in an Electricity Production Unit of 400MW in European Union X
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.
Employment & Recruitment by Sector49 Organisations
International Development
Financial Services
Mining, Metals & Quarry Indus-try
Petroleum Industry
Energy and Utulities
Consultants & Accountants
University
Placements in January 2011 of MSc M&E Finance Graduates
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)
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
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
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)
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
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
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
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
Contact Details
• Course Director – Professor Dennis BuchananE-mail: [email protected]• Samantha Delamaine - Postgraduate AdministratorAddress:
Department of Earth Science & EngineeringSouth Kensington CampusImperial College LondonLondon SW7 2AZ
Tel: 020 7594 7339 E-mail: [email protected]
1011/2012 Fees : £29,500 (overseas) and £17,500 (Home EU)