Some areas in which KPMG has assisted mining clients include:
- Accessing global capital markets — a critical factor in this capital-intensive sector
- Financial Due Diligence relating to Mergers & Acquisitions (M&A) activity
- Valuations of Mining assets for tax and accounting purposes
- Corporate Finance in the mining industry relating to sell and buy side mandates
- Developing processes to integrate corporate social responsibility into daily operations
- Identifying opportunities to help reduce taxes and take advantage of tax breaks for extractive industries
- Implementation and conversion to International Financial Reporting Standards (IFRS).
To stay competitive in the mining industry, companies should understand the major issues and developments facing the industry. Companies should keep these issues in mind from the first exploration drill hole to mine closures and reclamation.
Our dedication to the Mining industry is evidenced by KPMG's Global Mining Network, our support of the Prospectors & Developers Association of Canada (PDAC) and our Annual Mining Executive Forum. Our network acts as a point of access to the knowledge that members firms can offer locally and around the world. Canadian Mining Centers are based in Toronto and Vancouver. These Centers play a key role in developing thought leadership and a worldwide focus. The Annual Mining Executive Forum provides an opportunity for mining executives to connect and share discussion on technical accounting and other business issues facing the industry. In addition, KPMG is a member and a Premier Sponsor of the Prospectors and Developers Association of Canada (PDAC) and have presented on topics such as Triple Bottom Line Reporting in the Mining Industry, Reporting Trends and the Emergence of the AIM market in London.
Our Mining professionals can help clarify the issues and work with you to forge strategic approaches that can enhance and strengthen your competitive advantage.