China And Foreign Mineral Assets Valuation Theory And Practice Contrastive Study

The starting-point time of our mineral rights valuation came latter than westerncountries. At the end of the last century, it emerged as our mineral rights coming intomarket, and developed quickly to fufil the market requirement. As a symbol of beingmature, the management system of our mineral assets valuation are being perfected,especially building up our valuation standards and valuator association.Our mineral rights valuation has evident differences on valuating object,category,intention,function,methods choosing,result expression and charging fee from thewestern mineral assets valuation. The ultimate reason to cause these differencescomes from distinction of mineral development polices, economy, society and historyof our country and western country. In fact, every countries of world have differenceon the mineral assets valuation for this reason. The Australian JORC and VALMINare accepped by most of security exchange of many countries. However, no onecountry copied these standards of Australia. There are own special standardsaccording their natioal features in Canada and South Africa. They considered that thesource of the difference on mineral valuation is the way of using land becided by theirnational culture, polity and economy. Cawood who is South Africa mineral valuationspecialist also consided the ownship of mineral resource and allocation of their profitinfluenced every countries’ mineral assets valuation. This paper has two objects: oneis using the western experience to enhance our theory and mothed of mineral rightsvaluation; another is unberstanding and masterying the western theories, principlesand methods of their mineral assets valuation, to provide support for our miningindustry participanting the allocation of the globe mineral resources.The containt of the thesis focuses on two parts. one is the main facts affect thedifferences of mineral valuation, which include valuation theories, mining industrymanagement system, mining industry finance, sandards of reserve classification, andstandards of valuation. Another is method studing on valuation，which include usingdistinct requirements about information, containt or parameters to same valuationmethod. The thesis provides the basic principles and methods of mineral assets valuationof western countries systemly. By contrasting the difference of our mineral rightsvaluation and mineral assets valuation of western countries, we can understand themineral assets valuation from all angles. It filled the vacancy on it in our county.