Mining

Mining

Prior to drilling the first exploration hole continuing through to the development, mining and reclamation phases, companies operating in the mining industry must plan and implement significant strategies. Important considerations in the industry include improving safety, complying with state and environmental regulations and managing uneven cash flows resulting from seasonal demand, economic cycles and price volatility. In order to be successful, management must become skilled at customizing sales contracts, implementing technology to improve productivity, managing transportation costs, determining competitive strategies for their commodities and acquiring sufficient mineral reserves to ensure the longevity of the company.

It is essential to adopt appropriate accounting and tax treatment for the costs incurred at each stage of the mining process. JS Morlu has the unique and specialized accounting and tax knowledge necessary to assist mining companies in formulating critical strategies to compete in today’s complex mining industry.