Mining risk and assurance

19 ensp 0183 ensp sound governance requirements KPMG s Global Head of Mining Wayne Jansen has 24 years of audit and advisory experience across a broad range of clients Specializing in the Energy and Natural Resources industry he has extensive experience in risk management has led large multi national external audits assisted companies in

Safety and asset integrity ABB

Today the safety and asset integrity in mining industry is far from complete Many mining companies and suppliers to the mining industry are working hard to meet the requirements of SIL ABB is working together with its mining customers to develop and consolidate the safety and asset integrity and be a good example in this front

State of Mining in Africa In the spotlight

11 ensp 0183 ensp region In this year s edition of State of Mining in Africa – In the spotlight we take a further look at and reflect back on our observations to see how the broad industry is progressing We also follow case studies that in our view provide good examples that support our previous observations and suggest the potential for a

Why Asset Management Doesn 39 t Work in the Mining Industry and

Leadership within a number of major mining companies have published visionary statments regarding the role of asset managment that demonstrates a level of Firstly there is a great opportunity to improve asset managment maturity and performance to standards achieved by other asset intensive industries Even the top nbsp

Why Asset Management Doesn t Work in the Mining

17 ensp 0183 ensp Why Asset Management Doesn t Work in the Mining Industry and How to Fix It Leadership within a number of major mining companies have published visionary statments regarding the role of asset managment that demonstrates a level of understanding of its importance to operating and financial success Our study shows that in general there is a

Corporate Social Responsibility Activities of Mining

29 ensp 0183 ensp ceeding government requirements and considering multiple stakeholders is a long term objective Initially adop the local environment traditions and strengths is an asset from which they can capi talise 18 2 3 The Role of Mining in the Economy cal communities about CSR activities of mining companies operating in their communities

FAST FACTS Mining in the Philippines

Meanwhile mining companies have allotted a total of about P19 1 billion for the implementation of approved projects and programs under their Environmental Protection and Enhancement Programs

Mining Industry Software Sage Accpac Caron

Mining activities begin with the exploration and evaluation of an area of interest First stage and second stage exploration activities require the accurate recording of costs and often many legal entities are created to properly account for exploration activities in various countries Requirements of this phase addressed by Caron Mining Solutions

Comprehensive enterprise resource planning and asset

24 ensp 0183 ensp asset management DXC Mining and Resource Management solutions built on Microsoft Dynamics provide integrated functionality across the full mining lifecycle Workloads modules can be combined to meet specific site requirements and are extendable as the operation advances through the mining

MinesOnline com Buying and Selling of Mining Assets and Mining

MinesOnline com is the premier online services for mining companies looking at selling their mining assets mining tenements mining properties or mining resources

listing requirements for exploration amp mining companies

3 A company must hold or have the right to earn and maintain a 50 interest in the property Companies holding less than a 50 interest Instrument 43 101 – Standards of Disclosure for Mineral Projects or any successor instrument All amounts are expressed in assets evidence indicating a reasonable likelihood of

Modernization of Property Disclosures for Mining SEC gov

16 Jun 2016 SUMMARY We are proposing revisions to the property disclosure requirements for mining registrants operated by mining companies are contained in Item 102 of Regulation S K and Industry Guide 7 Item 102 The proposed new subpart would further instruct that if a registrant 39 s mining assets fall

SA Mine 7th edition

31 Oct 2015 PwC Africa Mining Industry Leader Andries Rossouw Project Leader The value created by the industry reduced The demands on that value by stakeholders persist For the third consecutive year mining companies had to draw down on built up reserves to fund these requirements Scope Our findings are nbsp

Alliance Minerals Assets Limited

Alliance Mineral Assets Limited is a mining company headquartered in Perth Western Australia We aim to complete the refurbishment of the Bald Hill Treatment Plant and recommission the Bald Hill Tantalite Mine for the purpose of re commencing mining and treatment of Tantalite Ore at the Bald Hill Project with the end nbsp

Financial Reporting in the Global Mining Industry

the most valuable asset of a mining company but one you will not find on the balance sheet While not reflected as an asset the way a company determines its mineral reserves is critical to most amortisation calculations for addressing impairment and comes into play in

Investor Expectations of Mining Companies Digging deeper on

16 Nov 2015 Home Publications Investor Expectations of Mining Companies Digging deeper on carbon asset risk The latest in the series Investor Expectations on Mining Companies provides a guide to investors to have constructive engagement with the Boards of mining companies to consider and direct more nbsp

Industry Series Mining

14 ensp 0183 ensp expropriation of mining claims and or increased ownership of mineral projects Fluctuating commodity prices combined with spiralling capital costs may dampen long term project economics and undermine companies future viability prompting some companies to


Mining Australia is blessed with an exceptional endowment of natural resources – minerals and petroleum Australia s minerals industry is innovative technologically advanced capital intensive and environmentally and socially progressive The industry is a major contributor to national income investment high wage jobs exports and government revenues in Australia Minerals

View full memo SEC Proposes Revamp of its Mining Company

CLIENT PUBLICATION Mining amp Metals Capital Markets 21 June 2016 SEC Proposes Revamp of its Mining Company Disclosure Requirements On June 16 2016 the US Similarly a company with mining operations constituting more than 10 of total assets may conclude based on an evaluation of all relevant nbsp

Chapter 4 Periodic Disclosure

29 ensp 0183 ensp Chapter 4 Periodic Disclosure See chapter 19 for defined terms 19 December 2016 Page 403 accounts with ASIC or the regulatory authorities in the jurisdiction in which it is established It must do so in any event no later than the following For an entity which is not a mining exploration entity or an oil and gas exploration

Montezuma Mining Company Ltd realises value from non core asset

11 Oct 2017 Montezuma Mining Company Ltd ASX MZM Montezuma Mining has a strategy of divesting non core assets

New Hong Kong listing rules for mining and petroleum companies

13 Sep 2010 In addition to listing applicants the revised Chapter 18 also affects existing listed mineral companies and other listed entities that acquire or dispose of mineral or petroleum assets that make up 25 or more of their existing activities This Client Alert provides an overview of the requirements of the new nbsp

Mining Reporting Survey 2017 KPMG

wide range of estimates and judgments required in the preparation of their financial statements Only two areas impairment or reversal of impairment of non financial assets and income taxes were disclosed by all of the surveyed companies as either an estimate a judgment or both A further three areas mineral reserves

Asset management and today 39 s mining industry Canadian Mining

1 Oct 2013 Those companies that look past tomorrow and start to consider the whole of life of their asset 39 s performance and the total cost of ownership will be the PAS55 has made some inroads into the mining industry but not to the degree that is required for long term sustainability of mining companies There are nbsp

Logistics Management for Mining Companies

6 ensp 0183 ensp Challenge 3 Asset utilization for railcar fleets Mining companies need to control rail assets but purchasing rail cars is not always a priority given the 50 000 and up price tag per car So the options come down to leasing cars or using railroad owned free running cars Either way managing rail equipment is a difficult and time


In mining downtime matters No heavy engineering company understands this better than HMG and that s why many of the world s leading mining operators and equipment manufacturers turn to our company to increase their asset productivity and performance We have the facilities people and processes to deliver best of breed outcomes

IDC Vendor Spotlight The Criticality of Environment

Mining companies are under increasing pressure to recognise and take accountability for their impact on the world This IDC Vendor Spotlight looks at the trends driving action on Environmental Social and Governance ESG criteria and sustainability for mining companies with a view to the role that K2fly software solutions can play in managing the requirements thatRead more

Executing a successful listing Markets for miners PwC

include a high level summary of the listing requirements in each of those international markets applicable to mining companies We wish you every success in Assets test Net tangible assets of at least AUD 2m after – deducting cost of fundraising or Market Cap of AUD 10m Less than 50 of tangible assets to be in –

Chapter 4 Current tax rules Tax Policy Inland Revenue

Exploration expenditure includes prospecting expenditure and refers to expenditure a mining company incurs in exploring or searching in New Zealand for a specified 4 22 Under section CU 3 the rules treat income from mining to be derived when an asset is transferred and an amount has previously been allowed as a nbsp

Viewpoints Asset acquisition versus business combinations Mining

If your company is involved in acquiring mining projects this document will help you determine whether a project meets the definition of a business under IFRS 3 Business Combinations and assess the associated accounting implications

Guidance for applying IFRS in the mining industry

Publishes the results of a survey of financial reporting under IFRS by selected major mining companies IFRS in Practice Distinguishing between a business combination and an asset purchase in the extractives industry BDO 2014 Addresses the accounting requirements judgments and difficulties in distinguishing asset acquisition transactions

Mining challenges hkicpa

assets but most companies did not disclose how these assets were allocated to cash generating units Development expenditure The mine development phase generally begins after the feasibility study and ends when production starts Entities are required to identify and account for development ex penditure separately nbsp

How important is asset management to today 39 s mining companies

26 Apr 2017 The current economic climate of soft commodity prices and increasing costs means that the mining companies that will see their operations survive this Smart companies optimise their operations when times are good when they can afford to make the changes required and thus reap the benefits of nbsp

Listing requirements ASX

Number of shareholders Minimum 300 non affiliated investors A 2 000 Free float 20 Company size Profit test A 1 million aggregated profit from continuing operations over past 3 years A 500 000 consolidated profit from continuing operations over the last 12 months Assets test A 4 million net tangible assets or


14 ensp 0183 ensp operators AMT Mining Solutions AMT is a highly configurable asset management software tool built for mining and other heavy equipment AMT has evolved since 1999 and today is used by leading equipment management companies around the world


Companies Mining Gold Fields rules out sale of South Deep for now The global miner says it has no plans to dispose of the asset though it will keep its options open

ASIC sounds warning to directors on financial reporting

13 Jul 2016 ASIC has sent out a warning to companies to be careful with their asset valuations in their next set of accounts or risk incurring the wrath of the corporate Mining companies accounted for 62 per cent of non current asset impairments of ASX50 companies for 1H15 according to a survey by KPMG In total nbsp

E Asset

E Asset has long standing associations with renowned accredited testing laboratories including the Laboratory University of Pretoria who have been testing racking systems and racking components for numerous of our vendors and their products since 2014

International Financial Reporting Standards in the mining InfoMine

mining industry IAS 39 Financial Instruments Recognition and Measurement can have a major impact on a mining company 39 s financial statements – not only through entities to group exploration assets with producing assets for the purposes of impairment testing as long as they establish a policy for this The only limit

Rio Tinto World 39 s second largest mining company is about to go

10 Nov 2017 Just five years ago it would have been almost unthinkable that one of the world 39 s biggest mining companies would not dig any more coal It 39 s now likely to become a reality Rio Tinto the world 39 s second largest miner has been steadily backtracking from coal to focus on better assets It 39 s now looking for nbsp

Financial reporting in the mining industry Mining Publications

It is not just IFRSs that are constantly evolving but also the operational issues faced by mining companies with the heavy demand for capital and risks faced by the The publication considers the significant accounting practices adopted by the mining industry under International Financial Reporting Standards IFRS

Good Mining International Limited EY

31 Dec 2011 This publication contains an illustrative set of consolidated financial statements prepared in accordance with International Financial Reporting Standards IFRS for Good Mining International Limited Good Mining a fictitious group of mining companies for the year ended 31 December 2011 Objective

Information Management for the Mining Industry

7 ensp 0183 ensp aspects related to mining Asset Management Mining organizations rely heavily on a large battery of equipment and vehicles for operations and transportation With activities spread across diverse locations organizations have to handle huge tasks related to the operation maintenance and repair of these assets on a daily basis An

A Beginner s Guide to Cryptocoin Mining What You

Mining cryptocoins is an arms race that rewards early adopters Bitcoin the first decentralized cryptocurrency released in early 2009 Similar digital currencies have crept into the worldwide market since then including a spin off from Bitcoin called Bitcoin Cash

Reserves and Resources Disclosure Rules for Mining and Oil ASX

oil and gas companies a requirement to report in accordance with SPE PRMS and additional reporting requirements for material disclosures by oil and gas companies in relation to their resource assets and both mining and oil and gas companies a requirement to have an annual mineral resources and ore reserves nbsp

Mining Industry Software Sage Accpac Caron Business Solutions

Software Requirements Caron 39 s mining solutions utilizing Sage 300 and Sage CRM support companies in the Assessment Phase by adding these components Project accounting and reporting Purchasing and expenditure authorization Asset accounting Remote site processing Human resource management nbsp

SAP Oracle Services Mining AssetOn Asset

SAP PM SAP MM and Oracle eAM are used extensively in copper gold iron ore and coal mines to enable business process for asset intensive companies AssetOn are professional SAP asset management experts in mining with significant end user and cross functional knowledge

Todd Schools Emerson USA explains why top performing mines

mines are ranking asset criticality to deliver targeted reliability Today 39 s mining business environment can be extremely One way that best in class mining companies are addressing all of these pressures is with a constant equipment in order to ensure reliability of the assets that are required for day to day production

Financial reporting in the mining industry International Financial

www pwc com mining Financial reporting in the mining industry International Financial Reporting Standards 6th edition PwC looks at how IFRS is applied in practice by mining companies This publication identifies the issues that are unique to the mining industry and includes a 2 3 7 Impairment of E amp E assets

Major mining assets change hands after commodity rout Reuters

8 Nov 2016 Net debt 26 1 billion company reported in August Share price movement this year up 60 7 percent to close of business Nov 7 In 2015 it span off South32 to focus on its core business The world 39 s largest exporter of metallurgical coal BHP has agreed to sell its coal assets in Indonesia to partner nbsp

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