Stephens Valuation and Consultancy Pty Ltd


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05-11-2015 
"Liability limited by a scheme approved under Professional Standards Legislation."

Celebrating our New Trade Mark
2012 
www.quarryvaluations.com has now been registered as a Trade Mark. We thank all the people who look at the website and who have given it its high profile reputation as without YOU we would not have achieved this status. Keep looking.

 

See our latest article on Quarry Capitalisation Rates.

 

Celebrating 25 years in Real Estate

 

We now have over 250 fully analysed quarry sales and lease transactions throughout Australia and New Zealand. We hold details of over 50 lease transactions, so if you need a lease renewal, then give us a call.


Keep coming back for more updates shortly.


See www.quarrysalesaustralia.com for quarries for sale and lease.


We were No 1 for Quarry Valuations worldwide on Google and Yahoo and many other search engines from 2009 to 2011 and hope to keep it that way for 2012. Thanks for looking and making us the most popular quarry related site worldwide.


We also do Expert Witness valuations so give us a call to see if we can assist.

Archive
06-12-2011 
Rod Stephens has produced two thesis reports namely The definition of the word Minerals in relation to the UK Extractive Industry and The Valuation of Long Term Interests  A case study of the acquisition of WMCs Olympic Dam Mine by BHP Billiton (Distinction). These reports can be made available on request for selected parties only. Terms and Conditions apply.

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Archive

 

 

 

 

        Dimension Stone and Sandstone Quarries

 

Dimension stone can include a variety of stones such as sandstone, granite, gritstone, limestone and many other mineral types. There are a variety of markets for the products such as landscaping, heritage repairs, paving, architectural design etc and the costs of the products can range accordingly. The products can be marketed on a worldwide basis, but are mostly produced for the domestic market, but are sold interstate. We understand that China is currently the major export destination.

 

It is often the amount of processing that determines a products end value. It is common for dimension stone quarries to be remotely located and the raw product transported to processing operations closer to the markets. We have carried out numerous valuations on dimension stone quarries, particularly sandstones, and have a good understanding of the local, regional and national markets as well as export markets. Dimension stone quarries mostly operate under the Mining Act 1992 in NSW, except Sandstones which tend to operate under the Planning Acts, the Mining Act 1971 in SA (as well as other extractive industries quarries) and other similar Mining Acts in other States and are predominantly State owned minerals, which are subject to a royalty paid to the Crown or State. This different ownership structure is in contrast to other extractive industry operations and a strong knowledge of geology is required to determine the ownership contraints as well knowledge of Mining Licences / Leases and all the other applicable regulations. We also have an extensive database of dimension stone quarry sales and lease evidence throughout Australia, but also sales of sandstone quarries operating within the extractive industries.
 
Where the "Minerals" are State owned, then the usual quarry valuation methodology needs to be adjusted to reflect the fact that the value of the Minerals are not included in the quarry valuation. Consequently the capitalisation rates involved are often very different and also need to be adjusted, but also reflection of the mining access or working rights need to be considered, and this is purely based on valuer judgement, as these rights are not actively traded in the market place for the valuer to derive their value. It is generally applicable to identify the seperate royalty values for the valuation, being the surface royalty, which is tangible and runs with the land, and the mining rights royalty which is intangible, but depending upon the purpose of the valuation.
 
There are many sandstone quarries, operating under the Planning Acts in various States, that also produce dimension stone products, but there are often limits imposed for this, and operators need to be careful not to exceed these limits, or they could find themsleves being liable for a back payment of royalties to the Crown or State. But also where the Mining Acts have been breached, or non compliance is evident then these liabilities can quite often prevent the quarry operator from obtaining finance.

www.quarryvaluations.com is a Registered Trade Mark  

"Liability limited by a scheme approved under Professional Standards Legislation."

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