Journal of Engineering and Applied Sciences

Year: 2017
Volume: 12
Issue: 4 SI
Page No. 6815 - 6820

Natural Value and Basic Cost of Minerals Assessment Technique

Authors : B.E. Bolshakov, A.E. Petrov, A.A. Gaponov and E.F. Shamayeva

Abstract: Economic assessment of fields as a rule is defined by the potential income which can be received as a result of field exploitation for date of assessment. By the nature, it is a difference between the use value of mineral reserves (taking into account the average world price of a production unit) both total capital and operational expenditure for the entire period of preparation, development and sales of the field products. However, in the conditions of world instability the mineral’s prices are volatile and unstable and for a number of minerals for example for peat there is no officially published world price of a production unit. Moreover, in the conditions of global ecological crisis increased requirements to scientific justification of economic assessment of fields are imposed. In this regard development of a technique of assessment of natural value and basic cost of minerals taking into account the components more precisely describing correlation of physical and cost indexes of the field became the purpose and a subject of the article; mineral deposits make researches bject (especially such valuable mineral as peat, techniques of assessment of natural value for which basic cost are mostly not worked and difficult). The methodological basis of scientific research projectated a method for the description of physical economy processes and methodology of project management by sustainable development in terms of energy sizes (International School of Sciences of Sustainable Development of P.G. Kuznetsov). With use of currencies energy model, the model of the formalized description of the field was created. On the basis of coefficient of converting connection between physical mineral reserves is established (expressed in various units (m3, tons, J, kW) and monetary units (US dollar, tenge, ruble). Within the research definition of natural value of minerals is given and key indicators of basic cost of minerals are allocated. In study it is reasoned that assessment of natural value and basic cost of the field in physical and cost measures is necessary for assessment of a market price for minerals. The complex assessment model of natural value and basic cost of minerals taking into account the components more precisely describing correlation of physical and cost indexes of the field is developed. Results of a research are brought to a practical example which is presented on the example of assessment of the conditional peat field that creates prerequisites of introduction of a technique in the organizations of the extracting branch.

How to cite this article:

B.E. Bolshakov, A.E. Petrov, A.A. Gaponov and E.F. Shamayeva, 2017. Natural Value and Basic Cost of Minerals Assessment Technique. Journal of Engineering and Applied Sciences, 12: 6815-6820.

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