Financial accounting and reporting in the extractive industries : a survey of listed mining companies in New Zealand and Malaysia : a double research report presented in partial fulfilment of the requirements for the degree of Master of Business Studies at Massey University
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Date
1983
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Massey University
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Abstract
The extractive industries may be broadly defined as those industries involved in: "(a) prospecting and exploring for wasting (non-regenerative) natural resources, (b) acquiring them, (c) further exploring them, (d) developing them, and (e) producing (extracting) them from the earth"1.
These wasting (non-regenerative) natural resources "...include all the naturally occurring substances that are classified as minerals, are present in or on the earth's surface and are extracted therefrom by man but are not susceptible to man's attempts to replace them in their natural state or in a similar state (although they may in a sense be replaced by nature over the long term). Those resources include, but are not limited to:- (1) crude oil and natural gas; (2) metals such as copper, gold, iron, lead, nickel, platinum, silver, tin, titanium, tungsten, uranium, and zinc; (3) coal; (4) salt; (5) sulphuri and (6) gravel, sand and stone.
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Keywords
New Zealand, Mining industry, Finance, Malaysia, Accounting