Definition in valuation asset of mining industry (Approach and Valuation Methodology in indonesia mining industry part-2)

Definition in valuation asset of mining industry

 1. Mineral elements are chemicals, minerals, rock and ore, including coal, peat, solid bitumen, water, earth, hot, radioactive minerals that occur naturally and have economic value. 
2. Management of mineral activities that include the inventory, utilization and conservation of minerals. 
3. Resources, mineral deposition is expected to be used with real confidence can be certain geological change into a spare after the eligibility of mines and mine meet the criteria feasible. 
4. Backup is a mineral sediment that has been known to the size, shape, of the quality and quantity and in economic, technical, legal, environmental and social mine able can be done at the time of calculation. 
5. Geological confidence is the confidence level on mineral deposition, which includes the size, shape, of, the quantity and quality in accordance with the exploration
 6. Observation point is the location where the observation is done, the sample drilling, measurement, and / or location of the supervision of the exploration data. 
7. Conservation efforts are extractive minerals management to get the optimum benefits for sustainable development and the interests of the people widely. 
8. Mine is feasible that the situation shows that, based on factors in the feasibility study has possible silt mine minerals can be economically 
9. Mine is not yet feasible circumstances that indicate that one or several factors in the feasibility study do not support the mine's mining practices. When these factors have the support of mineral resources can be changed to spare. 
10. Study the feasibility of mine (Mine feasibility study) is about the aspects of technical and economic prospects of a mining project and is the basis for investment decisions. This study is a document that meets the requirements and be accepted for purposes of analysis banks / other financial institutions in connection with the implementation of investment or financing projects. This study covers the entire inspection report based on information geological exploration and economic factors, mining, processing, marketing law / legislation, environmental, social and other relevant factors. 
11. Cut-off Grade (CoG) is the rate limit of the average lowest blocks from the mineral reserves that when mine able still valuable economically. 
12. Removing or stripping ratio (SR) is the comparison between the tonnage mineral reserves with the volume of other materials (resources and waste) that must be unearthed and moved to mine the reserves. 
13. Mineral marginal rate is the mineral that has a rate of around CoG, so it can be a backup or resources, depending on the condition of technology, value and the price at that time. 
14. Mineral water content is low mineral resources that have been known dimensions and quality, with specific geological confidence, but the quality is still below the CoG. 
15. Mineral deposition is another mineral that is in the mining areas, but not including the mineral cultivated. 
16. Mineral follow-up is the major minerals other than minerals cultivated by genesis occur simultaneously with the main minerals. 
17. Reserve the remaining (reserve remaining) is a mineral reserves on the mining ended. 
18. Acquisition of mine (mining recovery) is the comparison between the production of mineral reserves feasible with the number of mine expressed in percent. 
19. Acquisition (recovery) transport is a comparison between the amount of mineral results with the number of the transport of materials should be transported 
20. Acquisition (recovery) processing / purification is the comparison between the amount of production / purification with a total mine production in the processing / purification. 
21. Product side (by product) is the production of mining production in addition to mining is the main result of the processing side of the main mining production. 
22. Tailings are the results from the processing of minerals that are not desired because it does not already contain valuable minerals again. 
23. Business License General Mining is a mining business activity: Mining Business License, Business Mining Agreement, and the People's Mining Permit. 
24. Executing the authorities / government is the central Government and Local Government or authority in accordance with the stipulated in Government Regulation No.. 25, 2000. 
25. Reclamation (reclamation) is the effort to restore the function of the environment in the former mining areas into areas that efficient. 
26. sample is a small part of the material taken in a certain way that may be considered to represent the overall material. 
27. Map is a map of the exploration results geologize investigation conducted for identification, determine the location, size, shape, location, of, the quantity and quality of mineral deposition can then be done to the analysis / study the possibility of conducting mining. 
28. Map of exploitation (map mining activity) is a map of mining mineral sediment from the skin economically earth by using a certain mining system. 
29. Raw materials (Raw material) is material to be processed into useful products. 
30. Free on Board (FOB) is a term in marketing, production, that the manufacturer / retailer, which bear all the freight / cost to the freighter.

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