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A framework for interfacing mineral asset valuation and financial reporting

Author

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  • Njowa, G.
  • Musingwini, C.

Abstract

Mineral Resources and Mineral Reserves are collectively the single most significant asset or among the most significant assets for any company in the minerals industry, yet their value is often not reflected on primary financial statements of the company. This challenge arises from the misalignment between financial reporting and mineral asset valuation (MAV). Mineral Resources and Mineral Reserves can be valued using MAV methodologies that generally have a forward-looking perspective, while financial reporting on the other hand is conducted based on a generally historical performance perspective of the company in compliance with International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP) depending on the jurisdiction.

Suggested Citation

  • Njowa, G. & Musingwini, C., 2018. "A framework for interfacing mineral asset valuation and financial reporting," Resources Policy, Elsevier, vol. 56(C), pages 3-15.
    • Handle: RePEc:eee:jrpoli:v:56:y:2018:i:c:p:3-15
    DOI: 10.1016/j.resourpol.2017.09.004
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    Cited by:

    1. Yıldız, Taşkın Deniz, 2022. "Considering the recent increase in license fees in Turkey, how can the negative effect of the fees on the mining operating costs be reduced?," Resources Policy, Elsevier, vol. 77(C).
    2. Yıldız, Taşkın Deniz, 2022. "Are the compensations given to mining enterprises due to the overlapping with other investments in Turkey enough? Expectations of compensation for profit deprivation," Resources Policy, Elsevier, vol. 75(C).

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