矿业权评估的若干理论和方法问题

Discussion on Several Theories and Methods of Mining Rights Appraisal

应尽快对矿业权评估价值给出一个明确的经济内涵。矿业权评估价值不能包含矿产资源所有权人的收益。矿业权评估价值的经济内涵是:"矿业权合理勘查投资+矿业权合理勘查投资的平均收益+矿业权人应分享的矿产开发超额利润余额。目前《准则》DCF法存在的主要缺陷是,转让者获得全部超额利润余额,而受让者则与该超额利润余额无缘,这不公平。建议修改《准则》DCF法,将矿业权评估价值中的超额利润余额按转让者与受让者的投资比例分配。成本途径法基本不可行。对预查、普查探矿权的评估,推荐采用可比销售法。

This paper argues that the value of mining rights appraisal can not include the profits of the owner of mineral resources.It offers the economic contents of the value of mining rights appraisal: reasonable exploration investment of mining rights plus average revenue of reasonable exploration investment of mining rights plus the balance of extra profit of mineral development that should be shared by the owner of mining rights.It points out the major defect existed in DCF method of 'Criterion': it is unfair that the transfer obtains all the balance of extra profit,but the transferee cannot share the balance of the excess profits.This paper proposes that sharing the balance of excess profits of mining rights appraisal value should be according to the investment ratio of transferor and the transferee.This paper also recommends the comparable sales methods of valuation for the evaluation of mineral exploration rights of reconnaissance survey.