Exploration, Critical Minerals, Stripping Costs and Sustainability Disclosures | 2-Day Course
This IFRS for Mining and Critical Minerals training course takes place in Hong Kong. Hong Kong is one of Asia’s leading capital markets for mining, metals and critical minerals companies. The Hong Kong Stock Exchange (HKEX) lists many mainland Chinese mining, coal and metals groups. It also attracts companies from Taiwan, Korea and across the region with exposure to critical minerals supply chains.
China is the world’s largest processor of critical minerals, including rare earths, lithium and cobalt. Taiwan and Korea host major battery and semiconductor manufacturers that depend on these supply chains. As a result, Hong Kong is a strategically relevant location for finance professionals working with IFRS across mining, metals and critical minerals operations in Greater China and neighbouring markets.
Mining and critical minerals accounting is becoming more complex across Asia in 2026. For example, HKFRS S1 and S2, Hong Kong’s sustainability disclosure standards aligned with the ISSB, became mandatory for Large Cap Issuers from 1 January 2026.
In addition, China has introduced mandatory ESG disclosure requirements for major listed companies, with reporting on the 2025 financial year due by April 2026. Furthermore, GRI 14 Mining Sector 2024 takes effect globally in 2026, adding new disclosure requirements for mining and metals companies.
Ageing mining operations across the region are also creating rehabilitation and decommissioning obligations under IAS 37. Consequently, finance professionals working with mining, metals and critical minerals companies in Hong Kong, China, Taiwan, Korea and neighbouring countries now need comprehensive IFRS technical training to manage these requirements.
This programme covers every critical IFRS accounting challenge facing mining, metals and critical minerals finance professionals. Topics include exploration and evaluation accounting (IFRS 6), IFRIC 20 stripping costs, production accounting and depletion, impairment testing (IAS 36), and rehabilitation provisions (IAS 37).
The course also covers revenue recognition (IFRS 15), commodity hedging (IFRS 9), joint arrangements (IFRS 10, 11, 12), and HKFRS S1/S2 sustainability disclosures. As a result, participants leave with a complete technical toolkit to deliver compliant IFRS financial statements for mining and critical minerals operations.
Key Learning Features | IFRS for Mining and Critical Minerals | Hong Kong
- Exploration and Evaluation Accounting. Capitalisation, full cost vs successful effort methods, and impairment of exploration assets under IFRS 6
- Critical Minerals Accounting. Accounting for lithium, cobalt, nickel, copper and rare earth elements across Greater China and Asian supply chains
- Stripping Costs and Production Accounting. IFRIC 20 stripping costs, depletion, depreciation and amortisation for mining and metals operators
- Rehabilitation Provisions. Measuring and unwinding mine rehabilitation and decommissioning obligations under IAS 37
- Impairment Testing. IAS 36 methodology, cash-generating units, and impairment reversal for mining and metals assets
- Revenue Recognition and Hedging. IFRS 15 for offtake agreements and IFRS 9 hedge accounting for commodity price risk
- Sustainability Disclosures. HKFRS S1/S2, China’s ESG disclosure mandate, and GRI 14 Mining Sector 2024 requirements
Global Program Schedule
This IFRS for Mining and Critical Minerals Training Course is delivered in-person and online across major global mining and financial centres worldwide. Upcoming programmes are scheduled in the cities listed below.
Online | London | Toronto | Calgary | New York | Abu Dhabi | Zurich | Sydney | Singapore | Dubai | Doha | Cape Town | Lima (Peru) | Rio de Janeiro | Hong Kong | Brussels | Riyadh | Hague | Trinidad | Kualalumpur | Accra
For More Information
For further information about this IFRS for Mining and Critical Minerals training course, please [contact us]. Our specialist training team can assist with course registration, group booking options, upcoming dates and in-house delivery enquiries. This programme is also available as a dedicated [in-house engagement], tailored to your organisation’s specific 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 Oil & Gas, Power and Energy Transition 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 oil & gas, power and energy transition sector. The instructor has extensive experience in handling sector-specific accounting issues and the practical application of accounting requirements. Specifically, this includes implementation challenges, technical interpretations and industry best practices across exploration, development, production, decommissioning and renewable power generation globally. They have supported major energy and utility institutions across developed and emerging markets on exploration accounting, decommissioning provisions, commodity hedge accounting, PPA accounting and ISSB sustainability disclosures.
The instructor brings deep technical expertise in exploration and evaluation accounting under IFRS 6, decommissioning and asset retirement obligations under IAS 37, commodity and power price hedge accounting under IFRS 9, and impairment assessment for energy assets 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 oil & gas, power and energy transition 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
- Case studies from HKEX, Shanghai, Shenzhen and other Asian-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 under IAS 23
- Accounting for pre-production stripping costs and development phase revenues
- Practical case studies from leading mining and metals companies in the region
Module 3 | IFRIC 20 Stripping Costs and Surface Mine Accounting
- IFRIC 20 stripping costs in the production phase of a surface mine
- Identification and initial recognition of the stripping activity asset
- Subsequent measurement of the stripping activity asset
- Allocation of production stripping costs between inventory under IAS 2 and the stripping activity asset
- Practical differences between open pit and underground mine accounting
- Worked examples and case studies from regional 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 processing and refining activities in battery and semiconductor supply chains
- Practical case studies from critical minerals companies supplying China, Taiwan and Korea
Module 5 | Revenue Recognition and Inventory
- Revenue recognition for mining and metals sales contracts under IFRS 15
- Accounting for commodity sales including coal, copper, gold 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
- Asset retirement obligations and mine rehabilitation accounting under IAS 37
- Measurement of rehabilitation provisions including discounting and unwinding of discount
- Practical case studies from Asian-listed mining and metals company financial statements
Day 2 | Financial Reporting, Sustainability, Instruments and Business Combinations
Module 7 | IASB Update and Accounting Policies
- IASB decision to retain IFRS 6 following completion of the extractive activities research project
- GRI 14 Mining Sector 2024 effective 1 January 2026 — new disclosure requirements for mining organisations
- HKFRS S1 and S2 sustainability disclosure requirements for Hong Kong-listed mining and metals companies
- China’s mandatory ESG disclosure requirements for major listed companies, effective for FY2025 reporting due April 2026
- 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
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 coal, copper, gold and critical minerals
- 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
- 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 regional mining and metals sector transactions
Module 12 | Sustainability Disclosures and Critical Minerals Supply Chains
- HKFRS S1 and S2 sustainability disclosure requirements for listed mining entities
- GRI 14 Mining Sector 2024 — practical implementation for mining organisations
- China’s ESG disclosure mandate and its impact on mining and metals reporting
- Climate-related financial disclosures for mining and metals companies in Asia
- Accounting for carbon credits, emissions allowances and government incentive schemes
- Critical minerals supply chains and the accounting implications for lithium, cobalt and nickel
- Comprehensive wrap-up case studies covering key mining 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 and critical minerals accounting is one of the most technically demanding and rapidly evolving areas of IFRS financial reporting in Asia. Exploration accounting, IFRIC 20 stripping costs, rehabilitation provisions and critical minerals offtake agreements create significant technical challenges for finance professionals across Hong Kong, China, Taiwan, Korea and neighbouring markets. Regulators, auditors and investors now scrutinise mining sector financial statements with greater rigour than ever before. HKFRS S1/S2 and China’s new ESG disclosure mandate are adding significant new compliance obligations for listed mining and metals companies in the region in 2026.
This programme delivers comprehensive, practically focused IFRS mining and critical minerals training. Every session addresses the most critical IFRS accounting challenges facing mining and critical minerals organisations across Asia. Real-world case studies from actual IFRS financial statements of leading regional mining and metals companies are integrated throughout. Every session also addresses the latest developments, including critical minerals offtake accounting, IFRIC 20 stripping costs, and HKFRS S1/S2 sustainability disclosures. Participants leave with the technical authority to deliver fully compliant IFRS financial statements across mining and critical minerals operations.
Finance professionals who attend gain more than technical IFRS knowledge. They develop the strategic insight to identify IFRS accounting implications at every stage of the mining and critical minerals value chain. They leave equipped to communicate complex financial reporting outcomes to boards, auditors and regulators confidently. Participants from Hong Kong, China, Taiwan, Korea and neighbouring countries strengthen their organisation’s IFRS reporting frameworks. This is a valuable investment for every finance professional operating across mining and critical minerals industries in the region.
Teaching methodology
The training programme 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, allowing 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, providing 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 Mining and Critical Minerals training programme 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 programme is perfect for finance executives, accountants, auditors, financial analysts, regulators and other professionals 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 IFRS skills.
This training programme provides practical and comprehensive training to equip participants with the necessary skills to succeed in today’s evolving financial landscape. It is an excellent opportunity for professionals in Hong Kong, China, Taiwan, Korea and neighbouring countries seeking to improve their expertise and advance their careers in the mining and critical minerals 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.
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
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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.
