What is the process of mineral assessment?

Mondo Finance Updated on 2024-02-01

Mineral appraisal is an important part of the mining rights market, which evaluates and estimates the value of mining rights in accordance with the prescribed procedures and methods. Mineral evaluation is based on national laws and regulations and relevant technical and economic data, by specialized institutions and personnel according to the purpose of the evaluation, the purpose of the evaluation object and the actual situation to select the appropriate evaluation method, determine the evaluation conditions, and estimate the value of mining rights at a certain point in time. The operation process of mineral evaluation is generally as follows:

1.In the preparatory work of mineral evaluation, the entrusting party accepts the mineral evaluation authorization, signs the mineral evaluation entrustment contract, and collects the evaluation fee agreed in the contract.

2.The appraisal agency will send the appraisal project management personnel to the site according to the actual specific situation of the client, and the entrusting party will fill in the relevant reports and provide some evaluation supporting documents according to the needs of the appraisal agency.

3.In the evaluation process, according to the specific assessment project, the client can hold a symposium to communicate and exchange suggestions, and the mineral evaluation agency will dispatch the evaluation project management personnel to verify the authenticity of the relevant data and information of the mineral assessment according to the actual specific situation of the client.

4.The evaluation organization collects a variety of data and materials of the assessment object, clarifies the assessment method adopted, selects the assessment and prepares the mineral assessment report. In the process of preparing the assessment report, the assessment agency shall clarify the assessment value and submit the assessment report to the assessment organization for approval.

5.In the mineral assessment and reporting process, the appraisal agency presents the mineral assessment report proposal to the entrusting party, and the appraisal agency and the entrusting party will evaluate the use value in depth.

6.In the mineral assessment report stage, the appraisal agency issues a draft mineral assessment report to the entrusting party, and the appraisal agency and the entrusting party exchange opinions on the appraisal value. The mineral appraisal agency shall issue a complete electronic version of the appraisal report, and the entrusting party shall pay the appraisal fee after confirmation. After receiving the fee, the appraisal agency shall issue a formal intangible asset appraisal report to the entrusting party. The financial statements, asset information, and the letter of commitment for the entrusted appraisal collected during the appraisal process shall be printed and sealed by the entrusting party. The assessment agency shall file the above materials in a timely manner at the end of the assessment project for future reference. Turn the page in 2023

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