Study On Post-Evaluation About Second Phase To Extend Project Of Meishan Mining Company

The Meishan iron mining second phase of the extend project to get the approval of State Department in October of 1993 to come into force in November of 1994, Then the project is completed and accepted smoothly at the end of 2000. The project has produced 549 ton of refined iron ore totally from 1995 to 2005.The project made profit of 582 million yuan.Firstly, the feasibility to research method and conclusion of the second phase of the project of Meishan iron mining has been made detailed retrospect and analysis in thesis. In addition, to market demand, product development and making technical feasibility, production feasibility, investment budget and raising, every producing cost, financial evaluation index have been mainly reviewed and analysed. By analysing inside earning ratio, returns on investment, invest favourable tax rate, payback period of investment, etc,comparing with these indexes and evaluation criteria of mining, objective appraisal on the conclusion of feasibility research has been made:The second phase of the project of Meishan iron mining is a promising project is an investment to take effect the quick item less, will certainly bring considerable performance for business enterprise.Secondly, analysis on the actual constructs and operates situation of project.The actual production technology state to transforming has been explained, and corresponding clause of production technology in feasibility research has been analysed and compared with actual production technology state. Then the reason that there is the difference between the two has been pointed out.1. Produce the actual state of operating and carry on economic analysis to the project Plan investment has been compared with actual investment in the thesis. This project has operated actually for 11 years from 1995 to 2005. By analysing and comparing the real running situation with the feasibility research in 11 years of the project, the conclusion is drawn: Overtop investment; the products and production technology have met the requirement of feasibility research. In prophase, the output and price have not reached feasibility research to predict the index. In anaphase, the output and price have overtoped feasibility research to predict the index. And the actual economic benefits of the project differ greatly from the feasibility research that predict. But according to calculating one in project, the main financial evaluation index that the project operates actually is superior to the mining trade evaluation index sign.2. By output, producing cost and other main economic index sign contrast in project, draw the post-evaluation conclusion:a. Appraisal on feasibility research:On the one hand, design in such aspects as product development, manufacturing engineering, production capacity of the second phase of the project of Meishan mining is correct. On the other hand, the original feasibility research report is too conservative. The predict to the output and cost and market is not accurate enough and relatively great with the actual deviation.b. Appraisal on the project:The economic result of actual operation, output, and market selling price of the project has inconsiscented with the index demand that feasibility researches and proposes. But the economic result that the project operates actually is superior to the evaluation criterion of mining trade, proving the project reality can run and have a good prospect. So, the original feasibility research report of the project is correct in general and the implementation the project is successful.Finally, the existing questions to operate the project and the countermeasures and suggestions to optimize and manage further.