oProvides a one-stop guide to analyzing mining companiesWritten in an easy to understand format-requires no technical knowledgeGives a historical perspective of the mining industrySupplies up-to-date information on companies and their marketsFurnishes information for setting up a portfolio and trading in this fieldContentsTHE DEVELOPMENT OF THE MINING COMPANYThe History of MiningThe Beginning of MiningDiscovery and Interest in MetalsCoinageThe First MinesThe Development of Mining Companies - The Early YearsIntroductionCornish MinesThe South African Mines and Finance HousesThe Australian SceneNorth American AdventuresRest of the WorldThe Development of Mining Companies - the Past 20 YearsIntroductionDiversificationStructural ChangeEmerging MarketsThe Benefits of SuccessA Guide to the Current Range of Mining CompaniesIntroductionCompany DetailsEVALUATION REQUIREMENTSExplorationIntroductionWhere to LookMetal DepositsGeological AssociationsGeological Structure and FormationIndustrial Mineral DepositsDiscovery and DefinitionDrilling and SamplingReserve CalculationFeasibility StudiesMining TechniquesIntroductionDredgingOpen Pit MiningUnderground MiningProcessing RoutesIntroductionDetermining FactorsThe First StageThe Second StageThe Third StageLosing Metal All the WayMining Company Taxation and AllowancesAustralian Grants and TaxationCanadian Grants and TaxationSouth African Grants and TaxationUnited States Grants and TaxationOther Countries Grants and TaxationMining Company Accounting PracticesAccountancy Practices Past and PresentAccountancy Practices Within the Mining IndustryEnhancing RevenuesNet Profits Interests and Net Smelter ReturnsMine FinancingIntroductionEquity FinancingDebt FinancingPre-Payment FinancingEVALUATION TECHNIQUES AND TRADINGMetal and Mineral Price ForecastingIntroductionPrecious Metals Price ForecastingBase Metal Price ForecastingBulk CommoditiesMinor Metals and Other CommoditiesManagement EvolutionThe Importance of ManagementValuing ManagementManagement ExperienceQuantitative EvaluationComparative Management EvaluationManagement ConfidenceMining Company ValuationInformationThe Importance of Cash FlowCash Flow StatementsDiscounted Cash FlowsThe Cost of CapitalValuation Techniques for InvestorsSingle Mine CompaniesSingle Product CompaniesMulti-Product CompaniesOther Valuation TechniquesTrading in Mining SharesTypes of InvestorConstructing a PortfolioLocal Stock MarketsStock Market TradingWhen to BuyBibliographyIndex Valuing Mining Companies covers all aspects of mining, mining company evaluation, and financial valuation. It starts with a guide to history, focusing on the more recent aspects of the discovery of diamonds in Canada to the Bre-X fraud in Indonesia. This book provides an international view of the mining and metals industry from a historical perspective of mines and mining to potential problems encountered in attempting to value a mining company.In order to value a company it is necessary to evaluate its prospects from all points of view. This author goes through geology, mining, mineral processing, and the final marketing and pricing of a material commodity. It details the techniques used to value mining companies with a forecast of which metals will benefit in the future. The chapters devoted to accounting practices and taxation of mining companies provide essential information on the financial aspects of mining.Valuing Mining Companies provides a one-stop resource that answers all your questions about analyzing mining companies. The geological and mining aspects covered give you an understanding of the various practices of mining, even if you have no technical knowledge.