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Full Title
RIVISTA DI STUDI SULLA SOSTENIBILITA'
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Publisher
FrancoAngeli
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ISSN
2239-1959 (Printed Journal)
2239-7221 (Online Journal)
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Journal Volume Number
14
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Journal Issue Number
2
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Journal Issue Designation
2
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Journal Issue Date
2024
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Full Title
Financial assessment of the costs of exploration and evaluation of natural resources: Addressing environmental inequalities through sustainable mineral exploration and evaluation practices
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By (author)
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First Page
71
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Last Page
86
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Language of text
English
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Publication Date
2024/11
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Copyright
2024FrancoAngeli srl
Main description
The relevance of the study of mineral exploration and evaluation costs is due to the growing need for sustainable and efficient methods of mineral extraction, as well as the strict regulatory requirements for reporting and financial transparency in natural resource extraction in the modern world. The purpose of this study is to optimize the accounting and reporting of mineral exploration and evaluation costs in the accounting and reporting of natural resource companies in order to improve their financial efficiency and transparency. The research investigates the costs of geological and engineering studies, reserve evaluations, and design work for pro-cess flow diagrams and infrastructure facilities. The findings highlight the im-portance of effective exploration in reducing risks and accurate reserve estimation in ensuring financial stability and long-term sustainability. A successful mineral exploration and evaluation project leads to asset creation and improved company performance in the context of long-term sustainability and growth. The practical significance of this study is to create a methodology and recommendations that will enable mining companies to optimize their financial processes, comply with regulatory requirements and improve sustainability and efficiency in the industry, thus contributing to better management of natural resources and reducing negative environmental impacts.
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