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4 edition of Evaluation of mineral reserves found in the catalog.

Evaluation of mineral reserves

A. G. Journel

Evaluation of mineral reserves

a simulation approach

by A. G. Journel

  • 249 Want to read
  • 4 Currently reading

Published by Oxford University Press in New York .
Written in English

    Subjects:
  • Mines and mineral resources -- Valuation -- Statistical methods,
  • Mining geology -- Statistical methods

  • Edition Notes

    Includes bibliographical references (p. 207-213) and index.

    Statementby André G. Journel and Phaedon C. Kyriakidis.
    SeriesApplied geostatistics series
    ContributionsKyriakidis, Phaedon C.
    Classifications
    LC ClassificationsTN272.7 .J68 2004
    The Physical Object
    Paginationx, 216 p. :
    Number of Pages216
    ID Numbers
    Open LibraryOL17627959M
    ISBN 100195166949
    LC Control Number2003012482
    OCLC/WorldCa52553794

    Chap Sampling Orebodies and Estimating Reserves, p. , in Exploration and Mining Geology, by W.C. Peters (published in by John Wiley and Sons) will .


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Evaluation of mineral reserves by A. G. Journel Download PDF EPUB FB2

This book addresses the practice of geostatistical simulation to evaluation of mineral reserves, prediction of recovered tonnages and mineral grades and the impact of mining dilution. Such prediction is absolutely critical for mine planning and investment decisions, yet it cannot be made on maps directly interpolated from present by: 2.

PDF Download Evaluation of Mineral Reserves A Simulation Approach Applied Geostatistics Download Full Ebook.

This is a well-outlined book explaining the simulation approach to the evaluation of mining reserves. It starts out with the statement of the problem, gives the notations used, and notes the objectives of estimation and simulation.5/5. COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle.

exploration and evaluation expenditures, development costs, ore reserves and resources. The paper is aimed at investigation of how mineral reserves and resources are evaluated and represented in financial statements of mining companies, and what kind of influence do these mineral assets exert on the market value of a company.

We concluded thatFile Size: KB. The successful conclusion of any property evaluation depends on the development, work, and conclusions of the project team.

The handbook has a diverse audience: Professionals in the minerals industry that perform mineral property evaluations. Companies that have mineral properties and perform mineral property feasibility studies and evaluations. Overview. IFRS 6 Exploration for and Evaluation of Mineral Resources has the effect of allowing entities adopting the standard for the first time to use accounting policies for exploration and evaluation assets that were applied before adopting IFRSs.

It also modifies impairment testing of exploration and evaluation assets by introducing different impairment indicators and allowing.

Read Evaluation of Mineral Reserves A Simulation Approach Applied Geostatistics Ebook Free. Selected Readings in Mineral Economics reviews the economic principles of mineral investment activities and mining decisions.

Topics range from mineral reserves and exploration to the economics of mineral projects, taxation issues, and marketing and finance. This text is. Methodologies in the valuation of mineral rights by E.V. Lilford* and R.C.A.

Minnitt† Synopsis A number of countries have introduced codes governing the valuation of mineral assets and securities. The African continent will follow suit in due course considering the importance of the global minerals industry as it relates to the attraction of File Size: KB.

Mineral exploration endeavours to find mineral deposits, especially those with commercially viable concentrations of minerals or metals, for mining purposes.

It has four phases, namely (1) area selection, (2) target generation, (3) resource evaluation and (4) reserve definition. Mineral Reserves A Mineral Reserve is the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a Preliminary Feasibility Study.

This Study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that. Mining business makes no sense without mineral assets comprising mineral rights, exploration and evaluation expenditures, development costs, ore reserves and resources.

The paper is aimed at investigation of how mineral reserves and resources are evaluated and represented in financial statements of mining companies, and what kind of influence do these mineral assets exert on Author: Igor B.

Sergeev Olesia Y. Lebedeva. This book addresses the practice of geostatistical simulation to evaluation of mineral reserves, prediction of recovered tonnages and mineral grades and the impact of mining dilution.

Such prediction is absolutely critical for mine planning and investment decisions, yet it cannot be made on maps directly interpolated from present data.

This SME classic is both a reference book for the working engineer and a textbook for the mining student. This hardcover edition gives a brief history of surface mining and a general overview of the state of surface mining today--topics range from production and productivity to technological developments and trends in equipment.

This extremely useful text takes the approach that 5/5(4). Chapter 1 - An overview and outline -- Overview / J T Baldwin, J H Lew and M F Whitham -- Managing risk in feasibility studies / P L McCarthy -- Common sense and good communication - effective team-based estimation and classification of mineral resources and ore reserves / J Vann, P R Stephenson, S Jackson and G Pilger -- JORC and the Canadian.

Applied Mineral Inventory Estimation presents a comprehensive applied approach to the estimation of mineral resources/reserves with particular emphasis on the geological basis of such estimations, the need for and maintenance of a high quality assay data base, the practical use of a comprehensive exploratory data evaluation, and the importance of a comprehensive.

Evaluation of Mineral Reserves: Our Price: $ Sale Price: $ Savings: $ Product Code: E Mineral Search (CD ROM) Geology: A Self Teaching Guide Our The Miner's Flame Light Book Munsell Soil Color Charts Statistics for Environmental Science and Management Structural Analysis and Synthesis: A Laboratory Course.

Mineral resource classification is the classification of mineral resources based on an increasing level of geological knowledge and confidence. Mineral deposits can be classified as: Mineral resources that are potentially valuable, and for which reasonable prospects exist for eventual economic extraction.; Mineral reserves or Ore reserves are valuable and legally, economically.

Under the historical cost model, mineral reserves that result from a company’s exploration activities do not appear as an asset.

Information on mineral reserves is, however, vital to investors and analysts in predicting future cash flows and evaluating the prospects for a mining company. Thus, supplementary disclosure about mineral reserves.

Mineral Reserves are usually categorized based upon the degree of certainty with which quantities can be estimated and the extent to which properties containing reserves have been developed: 1.

Proven PwC 23 2. Probable 3. Possible (Inferred). Reserves Classification Guidelines. The SPE Oil and Gas Reserves Committee (OGRC) released Guidelines for Application of the Petroleum Resources Management System (pdf) in The page document replaces the “Guidelines for Evaluation of Reserves and Resources” with content expanded to focus on using the PRMS to classify petroleum reserves and.

• Methods and techniques for the valuation of mineral assets. (Exploration for and evaluation of mineral resources). The third day is dedicated to basic valuation methodology and approaches.

The final day examines SAMREC and SAMVAL in detail, followed by a statutory compliance, mineral reserves estimation and life-of-mine reviews. He hasFile Size: KB. Although aspects of mineral deposit evaluation advantages and disadvantages of each technique are covered in such texts as McKinstry (), so that a judgement can be made as to their Peters (), Reedman () and Barnes applicability to a particular deposit and the min­ (), no widely available in-depth treatment of ing method proposed or used.

Frequently, the fee estate (land and mineral) represents a smaller proportion of the total value, as calculated by the Discounted Cash Flow analysis, than the total of the machinery and equipment, working capital, business, and goodwill assets. Valuation of Operating Aggregate Operations for Banking PurposesFile Size: KB.

gas. The first step in any evaluation is the identification of a potential gas shale reservoir. Figure 2 is Platform Express log of a gas shale overlying a conventional shale.

The upper shale (the Devonian-Mississippian Woodford Formation of Oklahoma which has generated 8% of the world’s original petroleum reserves 6) exhibits a typical gasFile Size: KB.

Abstract. Mineral resource evaluation should provide a basis on which economic decisions can be taken. At least, four aspects can be identified if a mining project is evaluated, technical, economic/financial, social, and political; this chapter introduces the first : Manuel Bustillo Revuelta.

When we talk about reserve values there is a difference between the fair market value of reserves, the value of reserves as shown on a company’s K, and the GAAP standard measure for oil and gas reserves.

The SEC uses a reported value known as PV in order to make proved reserves comparable across companies. PV is the value of reserves. Inferred Mineral Resource (): Inferred from geological evidence.

Tonnage, grade and mineral content can be estimated with low level of confidence. • Indicated Mineral Resource (): Tonnage, shape, grade and mineral content can be estimated with reasonable level of confidence.

Location of boreholes, pits etc are too widely spaced. •File Size: KB. In recent years, the introduction of specific software for the evaluation of geological resources and mineral reserves has increased significantly thanks to the use of block models capable of working with large databases and applicable to virtually all types of deposits.

It is only in layered, tabular-shaped deposits where the use of block models poses certain drawbacks, not only in terms of Cited by: 2. Mineral and Energy Asset Accounting A first outline For presentation at the 11th London Group Meeting Pretoria, South Africa March Ole Gravgård Statistics Denmark Sejrøgade 11 DK Ø +45 [email protected] Mineral Resource and Ore Reserve Estimation evaluation example exploration factors feasibility study Figure geological interpretation geological model geologist geostatistical grade control grade estimation high-grade impact Institute of Mining interpolation JORC Code Kambalda lode low rank coal low-grade material Melbourne metal metres.

1 overview 2 time value of money 3 investment decision analysis 4 resources and reserves 5 decline curve analysis using arps' equations 6 introduction to advanced decline curve analysis 7 oil and gas prices 8 mineral and surface ownership 9 capex and opex 10 severance and ad valorem taxes 11 u.s.

federal income taxation 12 production sharing 5/5(1). Later the department was reorganized as the Mineral Exploration and Evaluation Core Process (MEECP) in July The aim of this core process is to explore and evaluate metallic and industrial minerals and rocks ane coal and oil shale potential of the country and avail the data of these recourses for users for development and/or further detail.

¾ - First meeting of “Mineral Resources and Reserves International Definitions Working Group” (CMMI Group, now CRIRSCO) ¾/98 – CRIRSCO agreement, and CRIRSCO/United Nations Economic Commission for Europe (UN-ECE) agreement. Result in virtually uniform international definitions for Mineral Resource and ReservesFile Size: KB.

Reserves. PROJECT COMMISSIONING FEASIBILITY STUDY. PRE-FEASIBILITY STUDY. DESK TOP STUDY. Value. DISCOVERY.

Confidence. A function of the amount of knowledge on a mineral resource/property and the degree of probability of it being brought to account.

MINERAL EXPLORATION. PROSPECT EVALUATION. PROJECT CONSTRUCTION. MINE 5/5(4). Many have attempted to quantify this complex exercise, but without success.

As always, Richard Bullock does not disappoint. This important work, Mineral Property Evaluation: Handbook for Feasibility Studies and Due Diligence, is destined to become the educational standard on this subject.

If you are new to this field, you should memorize each page. evaluation, development and production of mineral resources continues. This publication does not describe all IFRSs applicable to mining entities but focuses on those areas that are of most interest to companies in the sector.

The ever-changing landscape means that management should conduct further research and seek specificFile Size: KB. mineral reserves and resources classification of the State Mineral Fund of Ukraine Principles of economic evaluation of uranium resources in Canada.

61 V. Ruzicka amounts of uranium resources for the Red Book. At that time concerns developed regarding.

book. Our goal is not to attempt a definitive essay on the scien ce and art of mineral reserves evaluation, but to (re)introduce the stochastic simulation toolkit that pro-vides a numerical framework for estimating many of the factors affecting mining dilution and reserves recovery.

mineral ores that are not associated with the production of metals. These include phosphate,potash,halite,trona,sand,gravel,limestone,sulfur, and many others. Fossil fuels (also known as mineral fuels): the organic mineral substances that can be utilized as fuels,such as coal,petroleum,natural gas,coalbed methane,gilsonite,and tar sands.For assets with mineral reserves: Discounted Cash Flow/ Net Present Value.

For assets without mineral reserves: Comparable Transactions, whereby the market value can be determined through Modified Appraised Value, meaning that only the retained past expenditures (“historical costs” or “replacement costs”) are included.From the reviews of the second edition: "This textbook is designed for economic geologists who deal with the evaluation of deposits at an early stage of development.

the book contains a useful list of references and a number of appendices, including tables, graphs, mathematical formulae, and internet addresses. is a handy reference for practitioners and a useful .