The valuation of long life mines : current issues and methodologies

Eves, Chris (2013) The valuation of long life mines : current issues and methodologies. In Rossini, Peter (Ed.) Proceedings from the 19th Annual Pacific Rim Real Estate Society Conference, Pacific Rim Real Estate Society, RMIT University, Melbourne, Australia.

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Abstract

The past decade has seen an increasing focus on the mining and extractive industries in Australia. The significant increases in both new mines, commodity prices and employment opportunities has lead to considerable discussion on the value of this industry and the contribution that the industry makes to exports, GDP and the public in general. This debate has resulted in the introduction of the Mineral Resources Rent Tax being introduced in 2012. An issue that follows from the introduction of these taxes is the current exposure of property valuers to mine and extractive industry valuations and the most appropriate method that should be employed for valuing long life mines for rating and taxing purposes, finance and accounting purposes.

This paper will provide a detailed review of past and current valuation methods for long life mines and will highlight the current issues and problem facing valuers who are currently working in or intend to carry out valuation work in this industry.

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ID Code: 65469
Item Type: Conference Paper
Refereed: Yes
Additional URLs:
Keywords: Mining, extractive industries, mine valuation, valuation methodology
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > OTHER BUILT ENVIRONMENT AND DESIGN (129900) > Built Environment and Design not elsewhere classified (129999)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2013 Please consult the author
Deposited On: 19 Dec 2013 02:59
Last Modified: 08 Jan 2014 15:06

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