Critical Minerals, Exploration, Stripping Costs, Rehabilitation and Energy Transition | 2-Day Course
This two-day IFRS for Mining, Metals and Critical Minerals Training Course in Lima is designed for finance professionals across Peru and Latin America. With major investment in copper, gold, silver, zinc and other strategic minerals, the programme connects evolving commercial, environmental and investment pressures directly to IFRS accounting, valuation and disclosure implications.
The programme addresses key challenges including IFRS 6 exploration and evaluation, IFRIC 20 stripping costs, IAS 36 impairment, IAS 37 rehabilitation provisions, IFRS 15 revenue, IFRS 9 commodity hedging, and IFRS 10–12 consolidation and joint arrangements, among other pressing accounting issues involving project viability, commodity-price volatility, mine-closure estimates, complex offtake arrangements, environmental obligations and major capital investments.
Participants also examine IFRS S1 and IFRS S2, GRI 14 Mining Sector 2024, and evolving sustainability reporting expectations. Practical case studies explore how water, biodiversity, tailings, community impacts, rehabilitation and transition risks affect financial reporting, disclosures and strategic decisions, giving participants a current technical toolkit for mining, metals and critical-minerals reporting.
Key Learning Features | IFRS for Mining, Metals and Critical Minerals Training Course | Lima
- Exploration and Evaluation Accounting: IFRS accounting for exploration, evaluation and development expenditure across mining operations.
- Copper, Gold and Critical Minerals: Accounting issues affecting copper, gold, silver, zinc and strategic mineral projects.
- Stripping Costs and Production Accounting: IFRIC 20, depletion, depreciation and production-related mining asset accounting.
- Rehabilitation and Decommissioning: IAS 37 provisions, mine-closure obligations, rehabilitation costs and estimation challenges.
- Reserves and Impairment Testing: Mineral reserve considerations, impairment indicators, CGUs and IAS 36 valuation challenges.
- Revenue and Commodity Hedging: IFRS 15 offtake arrangements, commodity pricing, IFRS 9 hedging and risk management.
- Sustainability and Mining Disclosures: IFRS S1, IFRS S2, GRI 14 and evolving mining-sector disclosure expectations.
Global Schedule | IFRS for Energy, Mining and Extractive Industries
Extractive and energy companies face reporting problems no general IFRS course addresses: exploration and evaluation assets under IFRS 6, stripping costs under IFRIC 20, decommissioning and restoration provisions under IAS 37, production sharing contracts, joint arrangements, power purchase agreements, and the impairment and disclosure consequences of the energy transition. Each programme below is tailored to the sector that dominates its region.
Mining, metals and critical minerals: Toronto | Sydney | Cape Town | Lima | Singapore | Hong Kong
Upstream oil, gas and LNG: Abu Dhabi | Riyadh | Doha | Dubai | Calgary | New York | Port of Spain | Accra | Kuala Lumpur | Rio de Janeiro
Power, utilities, renewables and energy transition: London | The Hague | Brussels | Chicago
Commodities trading and online: Zurich | Online
All programmes are available as in-house engagements tailored to your asset portfolio, contract structures and jurisdictions.
For More Information
For further information about this IFRS for Mining, Metals and Critical Minerals Training Course, please contact us. Specifically, our specialist training team is ready to assist with course registration, group booking options, upcoming dates and in-house delivery enquiries. Furthermore, this programme is also available as a dedicated in-house engagement tailored to your organisation’s specific IFRS mining, metals and critical minerals training requirements.
Instructor Bio
The course instructor will be one of our highly experienced
faculty members.
Our Faculty: Expertise That Drives Success
Shasat is proud to have over 30 world-renowned faculty members, each an expert in their respective field, who share hands-on implementation experience through our technical and professional development programmes.
This IFRS for Mining, Metals and Critical Minerals Training Course is led by one of Shasat’s distinguished faculty members, a globally respected technical expert in IFRS, US GAAP and UK GAAP for the mining, metals and critical minerals sector. The instructor has extensive experience in handling mining sector specific accounting issues and the practical application of accounting requirements. Specifically, this includes implementation challenges, technical interpretations and industry best practices across exploration, mine development, production, rehabilitation and critical minerals operations globally. They have supported major mining and metals institutions across developed and emerging markets globally on exploration accounting, IFRIC 20 stripping costs, rehabilitation provisions, critical minerals offtake accounting, hedge accounting and ISSB sustainability disclosures.
The instructor brings deep technical expertise in exploration and evaluation accounting, IFRIC 20 stripping costs, mine rehabilitation provisions, critical minerals revenue recognition, commodity price hedge accounting and mining sector impairment assessment under IFRS, US GAAP and UK GAAP. Drawing on years of global advisory and implementation experience, every session delivers practical insights, real-world case studies and proven strategies.
Also, our faculty combine real-world expertise with academic rigour ensuring every session is interactive, relevant and outcomes driven. Consequently, participants gain practical tools and strategic frameworks they apply immediately across their mining, metals and critical minerals organisations.
Our Partners
Course Description
Day 1 | Exploration, Production, Critical Minerals and Revenue Recognition
Module 1 | Exploration and Evaluation Accounting
- Accounting for exploration and evaluation activities under IFRS 6 including full cost and successful effort methods
- Non-drilling and drilling exploration cost accounting and capitalisation criteria
- Accounting for critical minerals exploration including lithium, cobalt, nickel, copper and rare earth elements
- Reclassification of exploration and evaluation assets to development and production assets
- Impairment of exploration and evaluation assets and indicators of impairment
- Practical case studies from ASX, TSX, JSE and SGX listed mining and metals companies
Module 2 | Mine Development and Production Accounting
- Accounting for mine development costs and capitalisation criteria under IFRS
- Production accounting and unit of production depletion, depreciation and amortisation
- Componentisation of mining assets and useful life assessments
- Borrowing costs capitalisation during mine development phase
- Accounting for pre-production stripping costs and development phase revenues
- Practical case studies from leading global mining and metals companies
Module 3 | IFRIC 20 Stripping Costs and Surface Mine Accounting
- IFRIC 20 stripping costs in the production phase of a surface mine
- Identification of the stripping activity asset and its initial recognition
- Subsequent measurement of the stripping activity asset
- Allocation of production stripping costs between inventory under IAS 2 and stripping activity asset
- Practical differences between open pit and underground mine accounting
- Worked examples and case studies from global surface mining operations
Module 4 | Critical Minerals Accounting and Valuation
- Accounting for critical minerals assets including lithium, cobalt, nickel and rare earth elements
- Valuation of critical minerals inventory under IAS 2 including net realisable value assessment
- Accounting for critical minerals joint ventures and partnership arrangements
- Revenue recognition for critical minerals offtake agreements under IFRS 15
- Accounting for critical minerals processing and refining activities
- Practical case studies from global critical minerals companies
Module 5 | Revenue Recognition and Inventory
- Revenue recognition for mining and metals sales contracts under IFRS 15
- Accounting for commodity sales including gold, copper, platinum and critical minerals
- Revenue recognition for offtake agreements, streaming agreements and royalty arrangements
- Inventory valuation for mining and metals companies under IAS 2
- Accounting for by-products and joint products in mining operations
- Practical case studies and worked examples throughout
Module 6 | Leases and Asset Retirement Obligations
- IFRS 16 scope in mining — leases exempt from IFRS 16 vs leases subject to IFRS 16
- Right-of-use asset and lease liability recognition for mining equipment leases
- Lease accounting for drilling rigs, processing plants, vehicles and mining equipment
- Lease modifications and variable lease payments in mining operations
- Short-term and low-value lease exemptions for mining operators
- Asset retirement obligations and mine rehabilitation accounting under IAS 37
- Measurement of rehabilitation provisions including discounting and unwinding of discount
- Practical case studies from global mining and metals company financial statements
Day 2 | Financial Reporting, Sustainability, Instruments and Business Combinations
Module 7 | IASB Update and Accounting Policies
- IASB September 2023 decision to retain IFRS 6 following completion of extractive activities research project
- Key findings from the IASB extractive activities research project 2018 to 2023
- GRI 14 Mining Sector 2024 effective 1 January 2026 — new disclosure requirements for mining organisations
- GRI 14 Version 1.1 published January 2026 aligned with revised GRI 102 Climate Change 2025 and GRI 103 Energy 2025
- IFRS S1 and IFRS S2 sustainability disclosure requirements for mining and metals companies
- Carbon credit accounting and emissions trading scheme accounting for mining operators
- Specific accounting principles, changes in accounting policies and transition to IFRS
- Practical examples and case studies
Module 8 | Financial Statements and Notes
- Critical accounting issues and estimation uncertainty in mining financial statements
- Estimation of mineral and metal reserves and their impact on financial reporting
- Identified risks, capital management and events post reporting period disclosures
- Presentation of financial statements under IAS 1 for mining and metals companies
- Statement of cash flows under IAS 7 for mining and metals operations
- Accounting policies, changes in accounting estimates and errors under IAS 8
Module 9 | Financial Standards and Reporting Requirements
- Events after the reporting period under IAS 10 for mining and metals companies
- Operating segments under IFRS 8 for diversified mining and metals groups
- Interim financial reporting under IAS 34 for listed mining companies
- Impairment testing under IAS 36 including commodity price assumptions and discount rates
- Provisions, contingent liabilities and contingent assets under IAS 37
- Government grant accounting under IAS 20 for critical minerals projects and subsidies
- Practical examples and case studies from global mining and metals reporting
Module 10 | Financial Instruments, Hedge Accounting and Streaming Arrangements
- Classification and measurement of financial instruments under IFRS 9 for mining companies
- IFRS 9 commodity hedging — risk component hedging for nickel, copper, gold and critical minerals Treasury Management International
- Fair value hedges and cash flow hedges for commodity price risk in mining operations
- Foreign currency hedging for USD denominated commodity sales under IFRS 9
- Accounting for streaming agreements and royalty arrangements under IFRS 9
- Own-use exemption assessment for mining offtake and supply agreements
- Impairment of trade receivables under the IFRS 9 expected credit loss model
- Fair value hierarchy and valuation techniques for mining sector financial instruments
- Hedge effectiveness testing and documentation for mining sector hedging programmes
- Worked examples and case studies on mining commodity hedging and valuation
Module 11 | Business Combinations and Joint Arrangements
- Business combinations accounting under IFRS 3 for mining and metals mergers and acquisitions
- Consolidated and separate purpose financial statements under IFRS 10 and IFRS 11
- Joint arrangement accounting for mining joint ventures and unincorporated joint ventures
- Disclosures under IFRS 12 for interests in subsidiaries, joint arrangements and associates
- Practical issues arising from mining and metals business combinations and joint ventures
- Comprehensive case studies from global mining and metals sector transactions
Module 12 | Sustainability Disclosures and Energy Transition Mining
- IFRS S1 and IFRS S2 sustainability disclosure requirements for listed mining entities
- GRI 14 Mining Sector 2024 effective 1 January 2026 — practical implementation for mining organisations
- GRI 14 Version 1.1 published January 2026 — alignment with revised climate and energy standards
- Climate related financial disclosures for mining and metals companies globally
- Accounting for carbon credits, emissions allowances and government incentive schemes
- Critical minerals and energy transition — accounting implications for lithium, cobalt and nickel
- Comprehensive wrap-up case studies covering all key mining, metals and critical minerals accounting issues
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution or unauthorised use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. © 2026 Shasat
Why you must attend?
Mining, metals and critical minerals accounting is one of the most technically demanding areas of IFRS financial reporting globally. Specifically, exploration accounting, IFRIC 20 stripping costs, rehabilitation provisions and critical minerals offtake agreements create unprecedented challenges. Furthermore, GRI 14 Mining Sector 2024 and ISSB sustainability disclosure requirements are adding significant new compliance obligations for listed mining companies. In addition, regulators and investors now scrutinise mining IFRS financial statements with greater rigour than ever. Consequently, mining finance professionals who lack IFRS technical mastery face significant professional risk in 2026.
This programme delivers the most comprehensive and practically focused IFRS mining, metals and critical minerals training available globally. Specifically, every session addresses critical IFRS accounting challenges facing mining and critical minerals organisations across developed and emerging markets. Furthermore, real-world case studies from leading global mining and metals company financial statements are integrated throughout. Consequently, participants leave with the technical authority to deliver fully compliant IFRS financial statements across every mining operation globally.
Finance professionals who attend gain significantly more than technical IFRS knowledge. Specifically, they develop the strategic insight to identify IFRS implications at every stage of the mining and critical minerals value chain. Furthermore, participants from Lima and every major global mining market leave fully equipped to strengthen their organisation’s IFRS reporting frameworks. Consequently, this is a career-defining investment for every finance professional across mining, metals and critical minerals industries globally.
Teaching methodology
The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:
- A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
- Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
- Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
- Group exercises designed to illustrate accounting principles, encouraging collaboration and fostering a deeper understanding of the material.
- Discussions on GAAP differences ( IFRS vs US GAAP), industry issues, and diversity in practices, provide attendees with a well-rounded understanding of the subject matter.
- Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
- An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.
The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.
Who should attend?
The IFRS for Oil & Gas, Power, Utility, & Mining companies training program is designed for financial professionals who want to update their knowledge of IFRS accounting standards and stay ahead of the curve in a constantly evolving financial reporting landscape. This program is perfect for finance executives, accountants, auditors, financial analysts, and other professionals who are involved in financial reporting and decision-making. It is expected that participants have a basic understanding of financial reporting and accounting principles, or have previously completed basic accounting courses and are looking to enhance their skills and knowledge of IFRS standards.
This training program provides practical and comprehensive training to equip participants with the necessary skills to succeed in today’s ever-evolving financial landscape. It is an excellent opportunity for professionals seeking to improve their expertise and advance their careers in the oil and gas, power, utility, and mining sectors.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.
We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.
Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.
Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
