Mining valuation handbook pdf


    The essential guide to investing in mining opportunities, now in its Fourth EditionA comprehensive guide to mining investment analysis. Editorial Reviews. From the Inside Flap. Praise for the Previous Editions For its breadth and depth of content, in mining valuation terms Victor Rudenno's. The Mining Valuation Handbook: Australian Mining and Energy Valuation for Investors and Management, 2nd Edition. Download PDF Copy; View Supplier.

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    Mining Valuation Handbook Pdf

    A comprehensive guide to mining investment analysis designed for use by financial and mining analysts, executives, and investors, The Mining Valuation. The Mining Valuation Handbook: Mining and Energy Valuation for Investors. Valuation models in mining and metals industry. DeterminingTheRealValueOfJnrMiningCompaniespdf, accessed date

    Published on Jul 23, The essential guide to investing in mining opportunities, now in its Fourth EditionA comprehensive guide to mining investment analysis designed for use by financial and mining analysts, executives, and investors, The Mining Valuation Handbook: Mining and Energy Valuation for Investors and Management has become an essential resource for assessing the value and investment potential of mining opportunities. Fully revised and updated, this fourth edition of the classic text provides new and up-to-date information to better explain the mysteries surrounding the resources industry. Written by Victor Rudenno, a leading global expert on mining investment analysis and consultant to mining companies, financial bodies, and governments, The Mining Valuation Handbook: Mining and Energy Valuation for Investors and Management, Fourth Edition covers a wide range of essential topics, including: feasibility studies, commodity values and forecasting, classification of resources and reserves, indicative capital and operating costs, valuation and pricing techniques, qualifying risk, the impact of exploration and expansion, and more.

    This is the best high level view of the industry I've come across. Given my background, I find this handbook offers simple treatment of most concepts. But this is exactly what I want and expect from a single-volume financial-operational overview of mining.

    For example, I can get a summary of ore processing and refining for major base and precious metals an item with which I'm less familiar , and look to a more expansive reference on gold processing where I find I need more information.

    This is a good reference for experienced geoscientists, and an excellent guide for finance professionals or people more removed from operations. Great book. Very comprehensive as it covers the those parts necessary to determine NPV, along with a brief hypothetical case study near the end to tie it all together, which I felt was a great way to structure the book.

    Some other books try to integrate a case study as you read through the parts of a book, I find this annoying having to flick through various parts of the book to find the relevant parts for the case study, this book puts it all in one place at the end. Second to the valuation aspect is the introductory nature of understanding the geological "variables" one must be aware of when reviewing companies.

    Download The Mining Valuation Handbook Mining And Energy Valuation For Investors And Management

    I especially found the basic information of geology coupled with life cycles of a mining company, from explorer through to producer, to provide a concise reference. I don't work in the investment industry, but I brought this book for my own personal investment purposes. One person found this helpful.

    Kindle Edition Verified download. The first edition was excellent and filled a real gap in the market. I bought quite a few of them to give to my employees over the years.

    This fourth edition really does not add much - it continues to use a lot of the old material. Probably ok for investment bankers who are economic with the truth when it comes to operating a mine, but I didn't get value out of this book, the early chapters are very basic and totally biased to the Australian mining industry.

    I found indicative capital and operating costs very indicative and of little use. A lot of mistakes perhaps printing errors,. Returned it to site for a refund I thought this book was great value for the price.

    Around pages of content covering the basics of most minerals and hydrocarbons plus business valuation with share price expectations all the way from exploration to production. See all 6 reviews. site Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.

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    The Mining Valuation Handbook: Mining and Energy Valuation for Investors and Management

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    Export dependency Mining companies are very much relying on export markets where large sales go and predominantly quoted in US dollars. This makes the mining companies earnings highly influenced by the movement of Rupiahs exchange rate towards US dollars. Capital intensity Ming industry is capital intensive by their nature. Environment Mining companies needs to keep a balance between protecting the environment and natural resources preservation and maintaining a viable mining production.

    There are various laws, regulations and decrees that govern the environmental protection in Indonesia.

    Land rights According to Article 33 of the Constitution 45, all the mineral resources lies underground the Indonesian territory are mastered in the hands of the State. Relative: value the project or company by comparing with its peers based on financial multiples and others operating factors. In determining the fundamental value of a resource project, there are several components of valuations used as delineated bellow: Table 1 Valuation Methodology Asset Description Valuation Methodology Resource project s Produce profits and Discounted cashflow, market comparable, cashflow currently market multiples Resource prospects Deposits under current Defined geologically but still required valuation economic valuation and justification for development Exploration acreage Areas which may provide Expenditure commitments, recent sale prospects transactions, expected monetary value, other companies in the same area Other assets Investments Market of inferred valuation Cash Annual and quarterly accounts Less debt Annual and quarterly accounts Net Asset Value NAV Sum of the above values Source: Rudenno, Rudenno , p examine a worked example of mining valuation using a hypothetical resources company that is listed on ASX, Agricola Mining.

    An example of one cross section of the orebody is shown in the figure bellow: Figure 3 Cross-section of the orebody A total of 13 mineralised intercepts is planned to be made for this particular cross-section. The length of each intercept has been measured and the grade for each intercept has been determined.

    The exploration result for this particular cross-section is listed in the table below: Table 2 Exploration result for one cross-section Hole Grade Thickness Area of Tonnage Metal Number metres influence tonnes tonnes sq. The possible open cut pit designs are shown below: Figure 4 Possible open pit sequence It would then be necessary to determine the waste-to-ore ratio.

    For each open cut sequence, we need to calculate the number of blocks to mine, the average grade mined, metal contained, and the amount of waste to be removed. The following table is outline the total ore for this section: Table 3 Cross-section results Open Number Tonnage Grade Metal Waste Strip Cut of ore tonnes tonnes tonnes ratio blocks 1 5 15, 2. It is expected that the construction will take for two years. No other costing for the mining fleet as it will be provided by the contractor.

    In undertaking the valuation of mining industry, valuers should consider and make reference to factors that would significantly influence the valuation. Depends on the type of the property and rights valued, these factors include: 1.

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