津巴布韦矿山项目的经济评价方法

摘要

According to the characteristics of overseas mineral resources projects ,an economic evaluation method of the mining project in Zimbabwe was introduced .By the analysis of cash flow of project investment and project equity ,the effect of three kind of depreciation method ,the ordinary mine form and the special mining lease form on the results of economic evaluation of the mining project in Zimbabwe was investigated .The results indicate that the depreciation method of lump‐sum deduction in the same year of capital expenditure before production and deduction in the year incurred of capital expenditure after production is more suitable .The special mining lease form is superior to the ordinary mine form .%根据海外矿产资源项目的特点，介绍了津巴布韦矿山项目的经济评价方法。该方法基于项目投资财务和项目资本金现金流量分析，考虑了三种折旧费计提方式、一般矿权形式和特殊矿权形式对项目经济评价结果的影响。结果表明，采用投产之前的资本性支出在投产当年一次性抵扣，投产之后发生的资本性支出在发生当年抵扣的折旧费计提方式更为合适，特殊矿权形式优于一般矿权形式。