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Independent Due Diligence Audits
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Jurisdiction
Not country specific
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National Codes
The relevant code is mentioned where reserves and resources are referred to.
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Format
Long form reports
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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.
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Contact
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Name
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Godknows Njowa
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Tel
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+27 11 783 9903
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