A brief introduction of the VALMIN CODE and examples of its application
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Abstract
Many Chinese enterprises are taking part in overseas mineral resource projects development and investment.Quite a lot of those projects were reported aligning with VALMIN CODE, which is different from Chinese technical assessment or valuation codes.This paper delivers a few examples of the application of VALMIN CODE in several mineral projects located in the “belt and road” countries, detailed displaying how these public technical assessment or valuation reports were prepared.Both Chinese and VALMIN codes adopt similar valuation approaches and have similar technical concerns, but different principles especially on the requirements of report authors’ qualification thus VALMIN CODE gives the authors more personal responsibilities, and also more respect on marketing reviews.Comparably VALMIN CODE is a more market-oriented commercial-technical code.
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