煤炭资源采矿权估价的经验模型研究1-产业经济学专业毕业论文.docxVIP

Subject : Research on Empirical Model of Valuating Mining Rights for Coal Resources Specialty : Industrial Economics Name : Yang Tao (Signature) Instructor : Zhang Jinsuo (Signature) ABSTRACT With the continuous development of the coal industry, it is a natural necessity to construct the system of acquiring and transferring mining right of coal resources, scientific and rational methods of valuation of mining rights not only can provide a reference and support acquiring and transferring mining right of coal resource s, but also can achieve the optimal allocation of mineral resources by the mining rights market, and can ensure sustainable economical development of coal resources, and can help coal companies and investors to avoid risks. At present, the main methods of valuating mining rights of coal resources are the discounted cash flow method, the comparable sales method of valuation, the benefits of the equity method and the real options-based of the mining rights valuation. Using the discounted cash flow method and the benefits of the equity method to a realistic assessment of the mining rights valuation of coal resources, without considering the management flexibility of the coal resources exploitation in the future, and underestimate the value of mining rights. Due to various uncertain factors, the comparable sales method of valuation is difficult to promote in a wide range. The real options-based of the mining rights valuation is complex to calculate, highly specialized and difficult to use. Therefore, to establish a simple and convenient method to valuate the mining rights which is closed to the actual mining rights transaction price is very necessary.This thesis analyzes the operation mechanism of the mineral title market in the domestic and the factors which influence the value of mining rights, combines with multiple collieries’ actual statistics and data, quantitatively investigates the empirical model of the coal resources mining rights to