Financial reporting in the mining industry International,
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 specific advice before acting on any of the more complex matters raised. PwC has a deep level of insight into the,Accounting for Mineral Resources: Issues and BEA's Initial,,Disclosures about mineral reserves and resources page two Accounting for exploration and mine development page eight Amortisation of capitalised costs related to mineral reserves page fourteen Accounting for impairment page sixteen Accounting for site rehabilitation and environmental costs page eighteen Business combinations – accounting for goodwill and mineral rights page twenty-one,MINERALS AND MINING POLICY OF GHANA,Minerals & Mining Policy of Ghana 2.0 Overview of Ghana's Minerals and Mining Sector Ghana is well endowed with substantial mineral resources, the major ones being gold, diamonds, manganese and bauxite. Gold is the predominant mineral produced in the country accounting for over 90% of all mineral revenues annually over the past two decades.IFRS for the Minerals & Mining Training Course - IASeminars,Selecting and Amending Accounting Policies Selecting accounting policies in the minerals and mining industry; IAS 8 summary; IFRS 1 summary and how IFRS 1 relates to the minerals and mining industry; Retrospective vs. prospective application; Successful efforts vs. full cost under IFRS; Reasons for changing accounting policiesIFRS 6 — Exploration for and Evaluation of Mineral Resources,IFRS 6 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 the carrying amount to be tested at an aggregate level (not greater than,MINERALS AND MINING POLICY OF GHANA Ensuring mining,,Minerals & Mining Policy of Ghana: Ensuring mining contributes to sustainable development. 7 strategic business enterprises including mines. Thus, by the Mining Operations (Government Participation) Decree, 1972 (NRCD 132), the government acquired majority shares (55%) in all the foreign mining companies. The Ashanti Goldfields Corporation (AGC), Consolidated AfricanPolicies and guidelines for mining and resources,,Policies and guidelines for mining and resources Emissions from closed-out boreholes and wells Policies and guidelines for mining and resources From 25 May 2020, new provisions came into effect relating to the relinquishment, renewal and administration of exploration permits and petroleumDRAFT NATIONAL MINING POLICY OF GHANA,The National Mining Policy of the Republic of Ghana provides a written declaration of the framework of principles and policies that will guide Government in the management of the mining and minerals sector. This Policy Document has been developed having regard to the provisions of theAASB 6 - Exploration for and Evaluation of Mineral,,02/06/2005· Australian Accounting Standard AASB 6 Exploration for and Evaluation of Mineral Resources is set out in paragraphs 1 – Aus27.1 and in Appendix A. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. Terms defined in this Standard are in italics the first time they appear in the Standard. AASB 6 is to be read in the context of other Australian Accounting,Economic Accounting of Mineral Resources in Botswana,,economic accounting of mineral resources in botswana, 2015/2016 technical report june 2018, 2. minerals, the mining sector, and the economy of botswana,.. 6 2.1 mineral production 7 2.2 prospects for the mining industry 11 2.3 downstream processing 12 3. the framework for mineral accounts,.. 13 3.1 mineral resources and reserves 13 3.2 measuring resource rent and valuing mineral,
Exploration for and Evaluation of Mineral Resources
Mineral Resources issued by the International Accounting Standards Board (IASB). Australian-specific paragraphs (which are not included in IFRS 6) are identified with the prefix “Aus”. Paragraphs that apply only to not-for-profit entities begin by identifying their limited applicability. Tier 1 For-profit entities complying with AASB 6 also comply with IFRS 6. Not-for-profit entities,MINERALS COMMISSION,manganese and bauxite. Gold is the predominant mineral produced in the country, accounting for over 90% of all mineral revenues annually over the past two decades (Minerals Commission1). The country is also endowed with occurrences of little explored or unexploited deposits of industrial minerals including iron ore, limestone, clays (including kaolin), mica, columbite-tantaliteAASB 6 - Exploration for and Evaluation of Mineral,,AASB 6 deals with the treatment of expenditures associated with the exploration for and evaluation of mineral resources and, in particular, permits entities to develop an accounting policy for the treatment of these expenditures without having to specifically consider the requirements of paragraphs 11 and 12 of AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors (sometimes referred toMinerals and Mining Policy of South Africa: Green Paper,,Policy making occurs in a dynamic setting, and minerals and mining policy, which is necessarily broad in its scope, needs to be co-ordinated with other policies which properly fall within the remit of other forums. Reference is therefore made in the document to matters that need to be considered by other policy forums, such as the Commission of Inquiry into Certain Aspects of the Tax Structure,Legislation, regulations and guidelines | Australia Minerals,Australia continues to streamline business, policy and investment processes that, in combination with a proven record of environmental, social, financial, legal and political stability, make Australia the smart, secure choice for exploration and project investment. This page provides information on federal, state and territory legislation, policies and guidelines for mining and exploratory,Mining Law 2021 | Laws and Regulations | Philippines | ICLG,09/10/2020· Executive Order No. 79 (Institutionalising and Implementing Reforms in the Philippine Mining Sector, Providing Policies and Guidelines to Ensure Environmental Protection and Responsible Mining in the Utilisation of Mineral Resources) (“EO 79”) instituted reforms such as a review of the performance of existing mining operations and cleansing of non-moving mining rights holders,Mines and Minerals Act, 2009 A - Sierra Leone,“holder” in relation to a mineral right means the holder of a mineral right in whose name the mineral right is registered under this Act; “land” includes land beneath water, the seabed and sub- soil; “large-scale mining” means the intentional mining of minerals in mechanised operations exceeding twentyHE T NEXT - Minerals Council of Australia,and the policy changes that are part of the shared mining challenge. Tania Constable Chief Executive Officer Minerals Council of Australia. _Australia's resources industry has the unique characteristic of being both . the nation's oldest export industry as well as its most modern one. The Next Frontier. Minerals Council of Australia 3IMPACT OF MINING SECTOR INVESTMENT IN GHANA: A STUDY,mineral resources exist but ae not exploited on a large scale. From the inception of Ghana’s economic policy changes in 1983 to date, the mining sector has witnessed a considerable investment boom and increased production, particularly in the gold sector. There has been considerable growth in the number of new mines and exploration companies. The sector has also attracted a significant number ofAccounting for the oil, gas and mining industries | ICAEW,The SORP remains applicable for non-listed entities reporting under UK accounting standards until such time as those entities adopt FRS 100-102. The SORP will no longer apply to any entity for accounting periods beginning on or after 1 January 2015 (the deadline for the application of FRS 100-102). However, the SORP is being retained below on the OIAC website as a reference document.
Community relations and mining: Core to business but
01/12/2013· Mining companies are in the business of extracting valuable natural resources for profit. The technical, legal and commercial functions which support efficiencies in the extraction of resources are understood as being at the core of this business. Over the past two decades the industry has witnessed the necessity and emergence of community relations and development (CRD) functions,Oil, Gas, and Mining Fiscal Terms | Natural Resource,,Fiscal terms in the oil, gas, or mining industries must be structured around four important characteristics of the extractive industries: 1) petroleum and mineral resources are not infinite, so governments must generate returns that are sufficient to compensate the country for the value of the asset being depleted; 2) extractive projects require significant upfront investments before revenues begin to flow; 3) projectWHAT POLICIES HAVE BEEN IMPLEMENTED IN THE PROTECTION,activity in Sierra Leone is a significant reflection of the sharp increase in activities relating to the mining industry, accounting about 20 per cent of the country’s GDP growth in 2013 (IMF, 2013). Based on the international standards, the mining industry in Sierra Leone is relatively large. It comprises three sub-unit or sub-sectors, namely (1) large-scale explorationNew Policies Needed to Advance Space Mining | Issues,There is a body of policy and regulation related to extractive industries on Earth and electromagnetic techniques that might be useful as guideposts for space resources use. This type of policy has direct analogies in how terrestrial mining companies operate in exploration and production. Yet policy-makers must recognize that the technical similarities between space resources activities and terrestrial mining are limited—and that the utility of comparing space mining‘From an Agro-Based to a Mineral Resources-Dependent,,Mining, in 2015 exhibits stronger growth of well above 3.5%, despite the impact of declining international prices. This growth is primarily driven by substantial output increases of gold, platinum, chrome, coal, among other minerals. In order for the country to fully beneﬁt from this sector, government will maintain the policy thrust onChapter 32: MINING POLICY - Guyana,The mining policy as a whole must embrace a fiscal regime, marketing arrangements, a technology policy, an institutional policy, a policy on security of titles, a policy on training the labour force, an environmental policy for mining, an approach to social issues in mining communities, a programme for the bauxite industry, a programme for development of infrastructure related to mining, and otherEconomic Accounting of Mineral Resources in Botswana,,2. Minerals, the mining sector, and the economy of Botswana The mining sector has long dominated Botswana’s economy. Admittedly, its contribution to GDP has been volatile, registering 15.3% in 2009, then 19.2 in 2010 before rising to 23.4% in 2011. The long-term trend has been one of decline, from 25.5% in 2004 to 17.7% in 2015 (See Table 1). Nevertheless, the miningPolicies & Standards - Rio Tinto,Discover a wide range of company and business-related Rio Tinto documents in PDF form. These documents relate to policies and standards of Rio Tinto. Learn more about the world's leading mining operations company todayCHAPTER 66:01 MINES AND MINERALS,An Act to re-enact with substantial amendments the provisions that regulate the law relating to Mines and Minerals; to provide for the granting, renewal and termination of mineral concessions; to provide for the payment of royalties; and for matters incidental to and connected to the foregoing. [Date of Commencement: 1st December, 1999] PART I,