This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Independent Due Diligence Audits

Jurisdiction 

Not country specific

National Codes 

The relevant code is mentioned where reserves and resources are referred to.

Format

Long form reports 

Description 

An Independent Due Diligence Audit on a mineral company involves a detailed review and examination of target operations or businesses for a merger or acquisition by a prospective buyer. It can be described as a fact-finding assignment utilising the professional judgement of the due diligence team to assist in determining whether to buy the business at all, how much to pay for the business and how to structure the acquisition. A Due Diligence Audit serves to confirm all material facts relating to a sale. The term 'due diligence' describes a general duty to exercise care in any transaction. As such, it spans investigation into all relevant aspects of the past, present, and predictable future of the business of a target company.

Independent due diligence exercises require a wide range of expertise in providing a balanced opinion on the mineral assets being reviewed. Geologists, mining engineers, surveyors, metallurgists, mineral economists and valuators may be involved. In the context of mining, it includes, and not limited to, legal and mineral rights tenure, environmental issues, production and costing matters, mineral resources and reserves, metallurgical information, financial information, the corporate structure and the project's location.

 

Contacts

Name:
Godknows Njowa
Company:
Venmyn Deloitte
Job Title:
Executive Lead
Phone:
+27 11 517 4179
Email
gnjowa@deloitte.co.za
Stay connected:

 

Material on this website is © 2014 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Get connected
Share your comments

 

 

More on Deloitte
Learn about our site

  


Recently blogged