calculation of reserves mining

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Reserves estimation - AAPG Wiki

To better understand reserves estimation, a few important terms require definition. Original oil in place (OOIP original oil in place) and original gas in place (OGIP original gas in place) refer to the total volume of hydrocarbon stored in a reservoir prior to production.Reserves or recoverable reserves are the volume of hydrocarbons that can be profitably extracted from a reservoir using ...

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Carlson Software - Geology

Use Carlson Geology to manage drillhole data, plus calculate strata models, block models, quantities and qualities. The process from importing drillholes, validating the data and modeling the ore to reserve calculations is seamless.

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Proven and Probable Mineral Reserves - Defined | Mining ...

Proven and Probable mineral reserves and Measured and Indicated mineral resources are commonly misused terms. The exact definitions can be hard to find but here they are all in one place, referenced from NI 43-101 and the JORC code.

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Reserve Ratio Definition - Investopedia

 · Reserve Ratio: The reserve ratio is the portion of depositors' balances that banks must have on hand as cash. This is a requirement determined by the country's central bank, …

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Oil & Gas Royalty Calculator – Calculate Your Decimal ...

U se the natural gas royalty calculator or the oil royalty calculator links below to calculate your decimal interest in an oil or gas unit. With your decimal interest in hand, you can then estimate the amount of your monthly royalty check.

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How to Calculate Oil & Gas Net Revenue Interest | The ...

How to Calculate Oil & Gas Net Revenue Interest January 7, 2014 January 30, ... Lease: A contract between mineral owner, otherwise known as the lessor and a company or working interest owner, otherwise known as the lessee in which the lessor grants the lessee the right to explore, drill and produce oil, gas and other minerals for a specified ...

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Mining Valuation Techniques - P/NAV, P/CF, EV/Resource

Calculation of Reserves and Deposit Evaluation | DMT & Co. KG. Calculation of Reserves and Deposit Evaluation The volume of the mineral deposits is determined on the basis of the 3-D models.Our customers include mining companies, suppliers to the mining industry, international development banks, government geological services, and so on.

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Metal Equivalent Calculation - How to Calculate the ...

Metal Equivalent Calculation – How to Calculate the Mineral Equivalents in Polymetallic Deposits. When reading a company's press release in which they announce their mineral resources and or reserves of a polymetallic deposit, you will often see them …

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Corporate income taxes, mining royalties and other mining ...

PwC Corporate income taxes, mining royalties and other mining taxes—2012 update 5 Indonesia has tax incentives for specifi c mining activities such as basic iron and steel manufacturing, gold and silver processing, certain brass, aluminium, zinc and nickel processing activities and quarrying of certain metal and non-metal ores.

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Mineral Resources and Reserves report - Assore Limited

ASSORE MINERAL RESOURCES AND RESERVES REPORT 2014 PAGE 2 Mineral Resources and Reserves report continued The following Competent Persons were involved in the calculation of Mineral Resources and Reserves: M Burger Pr.Sci.Nat (SACNASP) Iron S van Niekerk Pr.Sci.Nat (SACNASP) Iron B Ruzive Pr.Sci.Nat (SACNASP) Manganese

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CuEq Metal Equivalent Calculator for Mining Results ...

CuEq Metal Equivalent Calculator for Mining Results Posted by: Staff @ Geology for Investors in Results and Analysis, Tools Metal equivalent calculations are often used to compare similar deposits with slightly different metal ratios: CuEq (copper equivalent) and AuEq (gold equivalent) are most common in copper porphyry deposits.

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Geology, Resource & Reserve Estimation - RPA Inc.

Mineral Resources are classified into Measured, Indicated, and Inferred categories based upon the density of data and confidence level on the resource estimate. Mineral Reserves are classified into Proven and Probable categories based upon the corresponding resource category and economic mining …

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Mining & Investing: Valuing a Company | Avoid Glasses ...

How do you value a mining company? How do you know whether a share price is a good buy and leaves you some room for value increase? There are two main ways to value a company. Both end up at similar places and with similar values, but come from different angles. They are often used separately.

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Financial reporting in the mining industry International ...

in the mining industry International Financial Reporting Standards 6th edition. International Financial Reporting Standards (IFRS) provide the basis for financial reporting to the capital markets in an increasing number of countries around the ... mineral resources continues.

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Mining Valuation Lesson: Cut-Off Grade Theory and Practice ...

Obviously when we mine the orebody, we would try and stay away from mining and certainly would not treat the 6 percent of tonnage below the cut-off grade. That means, for reserve reporting purposes (see It's Not that Simple: Mining 101), we have reduced the size of our economic ore down to 94% of our original tonnage. While we have reduced ...

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Carlson Software - Geology

Use Carlson Geology to manage drillhole data, plus calculate strata models, block models, quantities and qualities. The process from importing drillholes, validating the data and modeling the ore to reserve calculations is seamless.

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Ore Reserve Estimation Method

Estimates of the tonnage and average grade of ore deposits (ore-reserve estimates) are made for various purposes. They may be made by examining engineers as a basis for placing a value on a mining property in connection with reports on behalf of owners or vendors, on the one hand, or for prospective purchasers or lessees, on the other.

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RESOURCE/RESERVE REPORTING STANDARDS FOR …

RESOURCE/RESERVE REPORTING STANDARDS FOR MINERALS Presentation to the International Accounting Standards Board in London by video link from Melbourne. On behalf of the IASB Extractive Activities Project Team 19 April 2005 Pat Stephenson Member and past-Chairman – JORC

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INTRODUCTION TO MINING - Ciência Viva

INTRODUCTION TO MINING 1.1 MINING'S CONTRIBUTION TO CIVILIZATION Mining may well have been the second of humankind's earliest endeavors— granted that agriculture was the first. The two industries ranked together as the primary or basic industries of early civilization. Little has changed in the

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ORE RESERVE ESTIMATION - MineTech Int

ORE RESERVE ESTIMATION METHODS, MODELS AND REALITY Proceedings of the Symposium sponsored by The Geology Division of ClM, and held in Montreal, Quebec, May 1O-11, 1986 Edited by M. David, R. Froidevaux, A.J. Sinclair and M- Vall6e THE CANADIAN INSTITUTE OF MINING …

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Coal Calculations | Mining | SGS

SGS global teams of chemists and experts use a range of coal analytical calculations and indexes to arrive at the calorific values, total hydrogen, Coke Reactivity Index (CRI) and Coke Strength after Reaction (CSR) of your coal sample.

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Depletion of Assets | Boundless Accounting - Lumen Learning

Natural reserves supplied by nature, such as ore deposits, mineral deposits, oil reserves, gas deposits, and timber stands, are natural resources or wasting assets. Natural resources represent inventories of raw materials that are consumed (exhausted) through extraction or removal from their natural setting (e.g. removing oil from the ground).

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Vertcoin Mining Calculator and Profit Calculator - CoinWarz

CoinWarz Vertcoin mining calculator. Enter your mining rig's hash rate and the CoinWarz Vertcoin calculator will use the current difficulty and exchange rate to calculate how much profit and how many cryptocurrency coins you can earn.

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3 Coal Resource, Reserve, and Quality Assessments | Coal ...

naturally occurring deposits in such forms and amounts that economic extraction is currently or potentially feasible (Wood et al., 1983). Coal reserve is a more restrictive term describing the part of the coal resource that can be mined economically, at the present time, given existing environmental, legal, and technological constraints (Wood et al., 1983).

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Mineral Resources and Reserves report - Assore Limited

ASSORE MINERAL RESOURCES AND RESERVES REPORT 2014 PAGE 2 Mineral Resources and Reserves report continued The following Competent Persons were involved in the calculation of Mineral Resources and Reserves: M Burger Pr.Sci.Nat (SACNASP) Iron S van Niekerk Pr.Sci.Nat (SACNASP) Iron B Ruzive Pr.Sci.Nat (SACNASP) Manganese

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3 Coal Resource, Reserve, and Quality Assessments | Coal ...

naturally occurring deposits in such forms and amounts that economic extraction is currently or potentially feasible (Wood et al., 1983). Coal reserve is a more restrictive term describing the part of the coal resource that can be mined economically, at the present time, given existing environmental, legal, and technological constraints (Wood et al., 1983).

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Coal Terminology: Resource & Reserve

Coal Terminology: Resource & Reserve Last Modified: 25th September 2012 ... most estimates of the reserves to production ratio, a simple calculation of how long we could use coal at the current rate, ... For reference, strip mining is limited to extracting coal up to a few hundred feet and underground mining is currently limited to around 3500 ft.

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IFRS and the mining industry - IAS Plus

2. Mineral Resources and Property, Plant and Equipment (PP&E) Impairment aside, there are other topical issues relating to IFRS and PP&E. IAS 16 Property, Plant and Equipment places more emphasis than GAAP on a "component" approach to depreciation, under which costs are allocated to "significant parts" of an asset and each

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SOUTH AFRICA - MINING AND PETROLEUM ROYALTIES - …

SOUTH AFRICA - MINING AND PETROLEUM ROYALTIES - THE IMPOSITION AND CALCULATION By BETSIE STRYDOM (Director in the Tax Practice of the Corporate Department of BOWMAN GILFILLAN) The imposition of mineral and petroleum royalties ("mining royalties") in South Africa

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Ore Reserve Calculation - Mining Geology 2 - YouTube

 · This is the one of method for calculation of reserve of ore .

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Mineral resource estimation - Wikipedia

A Mineral Reserve includes diluting materials and allowances for losses that may occur when the material is mined. Probable Mineral Reserve. A probable mineral reserve is the economically mineable part of an Indicated and, in some circumstances, a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study.

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Here's how you value any gold project – MINING.COM

 · The mining industry is a fascinating space – not only for the fact that almost everything around us comes from mining but also because of the possibility of striking gold with penny stocks that ...

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Calculation and Management for Mining Loss and Dilution ...

utilization ratio of mineral resources; furthermore, they directly influence the economic benefit of the mining enterprises. Therefore, the calculation and management of mining loss rate and dilution rate have been being treated as the central work of mining industry over a long time and also is the technical subject for a lot of supervi-

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Proved Reserves - Investopedia

Proved Reserves: A classification used in mining sectors that refers to the amount of resources that can be recovered from the deposit with a reasonable level of certainty. Proved reserves is a ...

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ESTIMATION OF MINERAL RESOURCES And MINERAL RESERVES

 · ESTIMATION OF MINERAL RESOURCES And MINERAL RESERVES BEST PRACTICE GUIDELINES Committee Members ... A Mineral Reserve estimate represents the collation of work carried out by numerous professional disciplines and, according to …

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Ore Reserve Calculation - Mining Geology 2 - YouTube

 · This is the one of method for calculation of reserve of ore .

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