The Mining Valuation Handbook 4e: Mining and Energy Valuation for Investors and Management

by Victor Rudenno

Overview

An essential, in-depth guide to mining investment analysis Written by a mining investment expert, The Mining Valuation Handbook: Mining and Energy Valuation for Investors and Management is a useful resource. It's designed to be utilized by executives, investors, and financial and mining analysts. The book guides those who need to assess the value and investment potential of mining opportunities. The fourth edition text has been fully updated in its coverage of a broad scope of topics, such as feasibility studies, commodity values, indicative capital and operating costs, valuation and pricing techniques, and exploration and expansion effects.

Product Details

ISBN-13:	9780730377092
Publisher:	Wiley
Publication date:	05/22/2012
Sold by:	JOHN WILEY & SONS
Format:	eBook
Pages:	624
File size:	20 MB
Note:	This product may take a few minutes to download.

About the Author

Victor Rudenno holds a Bachelor of Mining Engineering, a Master of Commerce and a PhD in Mining Economics. He was voted by his peers as one of the top three energy analysts in Australia in the BRW 1994 analyst survey. He is a Senior Fellow of the Financial Services Institute of Australia and a member of the Australasian Institute of Mining and Metallurgy. He is also the principal lecturer in mining economics for Kaplan Professional.

Table of Contents

Acknowledgements ix

Introduction xi

1 The resources industry 1

2 A quick guide to financials 13

3 Feasibility studies 21

4 Commodity values and forecasting 41

5 Resource project considerations 67

6 Classification of resources and reserves 97

7 Mining and hydrocarbon recovery 113

8 Indicative capital and operating costs 151

9 Hedging commodities and exchange rates 235

10 Taxation, depreciation, royalties and accounting standards 245

11 Valuation methodologies 265

12 Takeovers and fair value allocation 299

13 Quantifying the risk 317

14 Cutoff grade theory 329

15 Share price performance and real options 337

16 Impact of exploration, development and expansion 357

17 Determining the appropriate discount rate 381

18 Dealing with inflation 391

19 Agricola Mining — a hypothetical example 397

20 Commodity profiles 417

Appendix A: Sources of information 495

Appendix B: Australian Native Title 501

Appendix C: Royalty rates 505

Appendix D: Economic geology primer 517

Appendix E: Project details 523

Appendix F: Exchange rates and CPI 541

Appendix G: Continuous discounting and annuities 545

Appendix H: Abbreviations, conversions and energy factors 547

Glossary 555

Bibliography and references 593

Index 597