Given the design component it involves, financial engineering should be considered equal to conventional engineering. By adopting this complementary approach, financial models can be used to identify how and why timing is critical in optimizing return on investment and to demonstrate how financial engineering can enhance returns to investors. Metals and Energy Finance capitalizes on this approach, and identifies and examines the investment opportunities offered across the extractive industry\'s cycle, from exploration through evaluation, pre-production development, development and production. The textbook also addresses the similarities of a range of natural resource projects, whether minerals or petroleum, while at the same time identifying their key differences.This innovative textbook is clear and concise in its approach, and is illustrated throughout with case studies and exercises used at professional training sessions. As the sum of 45 years\' international experience in industry and teaching mining geology, mineral exploration and mineral project appraisal, Metals and Energy Finance will be invaluable to both professionals and graduate students working in the field of mineral and petroleum business management.