International Engineering and Technical Project Auditing from Investment Generation Perspective
- S.B. Nikishichev1, A.A. Tverdov2, A.V. Zhura3
1 IMC Montan, Moscow, The Russian Federation
2 GMC, Moscow, The Russian Federation
3 Coal Marketing Research Institute (CMRI), Moscow, The Russian Federation - Russian Mining Industry №6 / 2019 pp.94-99
Abstract
The paper studies specific features of mining companies as investment objects. It reviews forms of investment attraction to mining projects and deposit development stages with respect to their legal, technical-and-economic and financial aspects. The authors consider actions undertaken by different investors funding a project at its various development stages from the perspective of risks, investment reliability and ensuring repayment. A general dependence is given between the stage of the deposit knowledge and growth of capitalization in development of international format documents. An investor making a sound and comprehensive assessment of all risk factors and project features influencing its efficiency may have a significant income as a result of the project capitalization growth. This can take place, if the conducted studies confirm initial understanding of the project. All project studies that ensure building civilized relations with investors and development of the mining sector are aimed just at this potential and risk identification.
Keywords
investments, project auditing, capitalization, independent appraisal, investment object, direct private financing, co-financing, operating bank crediting, project bank financing, off-take agreements, private financing funds, venture capital, IPO, shares, liabilities, depositary receipts, bonds
For citation
Nikishichev S.B., Tverdov A.A., Zhura A.V. International Engineering and Technical Project Auditing from Investment Generation Perspective. Gornaya promyshlennost = Russian Mining Industry. 2019;(6):00–00. (In Russ.) DOI: 10.30686/1609-9192-2019-6-00-00.
Article info
Received: 25.10.2019
Revised: 20.11.2019
Accepted: 10.12.2019
Information about the authors
Sergey B. Nikishichev – Candidate of Science (Economics), Director of LLC IMC Montan (www.imcmontan.ru), FIMMM Competent person, OERN and ESOEN expert, full-fledged member of Academy of Mining Sciences, Moscow, The Russian Federation.
Andrey A. Tverdov – Candidate of Science (Economics), Technical Director of GMC (www.gmc-consulting.ru), GKZ and OERN expert, Moscow, The Russian Federation.
Aleksey V. Zhura – Candidate of Science (Economics), Director General of Coal Marketing Research Institute (CMRI) (www.incru.ru), GKZ and OERN expert, Moscow, The Russian Federation.
References
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