The Experts below are selected from a list of 117 Experts worldwide ranked by ideXlab platform

Gavin Capps - One of the best experts on this subject based on the ideXlab platform.

  • Victim of its own success? The platinum mining industry and the apartheid Mineral Property system in South Africa's political transition
    Review of African Political Economy, 2012
    Co-Authors: Gavin Capps
    Abstract:

    The South African platinum industry has grown phenomenally since the mid 1990s to become the single largest component of the national mining sector in employment and sales-value terms. In line with Fine's (1992) contribution to a general theory of mining, this article presents an initial political economy of that industry by considering the critical role that the apartheid Mineral Property system played in its dominant strategy of competitive accumulation in the years leading to the current platinum boom. Emphasis is placed on the different forms of Minerals ownership that mediated the access of platinum capital to Mineral resources in the Bophuthatswana and Lebowa Bantustans, where the bulk of South Africa's vast platinum reserves were geopolitically located under apartheid and how the reproduction of these strategic Mineral Property relations was secured during the political transition to the benefit of the white platinum corporations. It concludes that the industry's very success in maintaining its pro...

Liu Chao - One of the best experts on this subject based on the ideXlab platform.

  • Mineral Property valuation
    Social Science Journal For Central South Vuiversity of Technology, 2002
    Co-Authors: Liu Chao
    Abstract:

    In western countries, Mineral Property valuation has a sound base while in China, it remains to be perfected. This paper deals with the price formation of Mineral resource and analyzes the fundamental theories of Mineral Property valuation such as the equilibrium price theory, the shadow price model and marginal opportunity cost model of Mineral resources. It studies the discounted cash flow for Mineral Property valuation, and discusses an option pricing approach to Mineral Property valuation.

  • Price Forecast and Mineral Property Valuation
    Systems Engineering - Theory & Practice, 2002
    Co-Authors: Liu Chao
    Abstract:

    Using Mineral flat\|price evaluating Mineral Property has a pitfall that systematically undervalues or overvalues mining assets. In this article, we construct an example that using the models of the stochastic behavior of Mineral prices which are geometric Brownian motion and/or mean\|reverting progress instead of flat\|price, which shows Mineral price volatility has a great effect on Mineral Property valuation. This example is calibrated using data from recently opened jiangxi copper sulfur mine. Finally, we suggest using Markov process of Mineral price to simulate Mineral Property valuation.

  • Mineral Property Theory and Its Valuation Model of Discounted Cash-flow
    China Tungsten Industry, 2000
    Co-Authors: Liu Chao
    Abstract:

    This paper studies the price formation of Minerals resources, whose value is equal to the differential rent, absolute rent and monopoly rent, and finally develops a discounted cash-flow for Mineral Property valuation with an example.

F.t. Cawood - One of the best experts on this subject based on the ideXlab platform.

  • Towards a Mineral Property valuation code: Considerations for South Africa
    Journal of The South African Institute of Mining and Metallurgy, 2004
    Co-Authors: F.t. Cawood
    Abstract:

    One of the consequences of globalizing mine finance is a necessity to apply uniform accountancy and valuation standards that are clearly understood and consistently applied by the global investment community. However, each country has unique circumstances, which sometimes make it difficult to align domestic practice with international requirements. South Africa is no exception and issues such as its political history, a taxation regime enforcing different rules on different Mineral producers and a unique Mineral rights ownership distribution, are barriers to internationalization. The economy is in a transitional phase as a result of the many and diverse policy documents following the change in political dispensation in 1994. Many of these documents have recently been implemented through new legislation and, in the case of mining, negotiations are continuing in order to ensure an acceptable outcome. This paper discusses the challenges that the South African Minerals industry faces in the field of Mineral Property valuation. It draws on international experience and includes a discussion on the unique considerations that the South African Mineral Property market must take into account in establishing a code for this purpose, as such a code could later be aligned with international practice.

  • Mineral Property valuation in South Africa : A basket of assets and legal rights to consider
    Journal of The South African Institute of Mining and Metallurgy, 2004
    Co-Authors: F.t. Cawood
    Abstract:

    The distinction between real estate ownership and that of interests in the Property is fundamental to the appraisal of Mineral properties. This distinction affects the nature and understanding of security of tenure and, consequently, the perception of what constitutes fair value. Legal matters are a particular concern because of their influence on security of tenure, ownership definition and use restrictions. The dynamics of the market and the complex interrelationships between the factors of production define value at a specific point in time for the bundle of rights, interests and assets that constitute a Mineral Property. Because each Mineral Property is unique, physically immobile and of a wasting nature, its usefulness to its owner and society must be optimized. The US Appraisal Institute (2001) classified the forces that affect land use as the cultural, political and economic attitudes of society. These forces culminate in laws that often dictate the purposes for doing appraisals. Once the legal definition of the asset is understood, valuers can decide on the valuation process that will support the final valuation approach.

Yang Yu-zhang - One of the best experts on this subject based on the ideXlab platform.

Hu Jia - One of the best experts on this subject based on the ideXlab platform.

  • Reform Orientation of China's Mineral Property Right and its Countermeasures
    Natural Gas Technology, 2007
    Co-Authors: Hu Jia
    Abstract:

    With evolution of China's Mineral Property right system,China's Mineral Property right system will be developed to be market-oriented,sustainable and internationalized.To promote reform of Mineral Property right system,making clear Mineral Property right and regulating government behavior are primary work.Additionally,we should relax restrictions on transfer of Mineral rights,establish a perfect market for Mineral Property rights,and adjust the system of compensable utilization of Mineral resources by replacing system of Mineral rights using fee by royalty system.Moreover,abolishing restrictions on certification of Mineral Property rights need to be considered to diversify subjects of Mineral Property rights.