Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7387558 | Resources Policy | 2018 | 13 Pages |
Abstract
In addition, financial reporting in the minerals industry is not yet fully developed as IFRS 6 appears to be the only available mineral-specific financial reporting standard. There is also currently a lack of a comprehensive accounting standards for the minerals industry to guide the accounting, recognition and presentation of these assets on the primary financial statements. In order to bridge the gap between MAV and financial reporting, this paper presents a framework applicable to developmental properties and operating mines. The framework was validated by applying it to a real life case study and can be used to estimate values for companies in the minerals industry by linking back to the fundamental asset which is the Mineral Resources and Mineral Reserves.
Related Topics
Physical Sciences and Engineering
Earth and Planetary Sciences
Economic Geology
Authors
G. Njowa, C. Musingwini,