The co-operative bank case study activity based costing

Kaplan The past 40 years has seen a large increase in the number of articles submitted to journals ranked in the top-5 of their discipline. This increase is the rational response, by faculty, to the overweighting of publications in these journals by university promotions and tenure committees.

The co-operative bank case study activity based costing

Micon had also reported a further 4. These inferred mineral resources are not included in the Scoping Study but if utilised would significantly extend the projected operating life of the mine with a consequential increase in the resultant estimated valuation.

While the inclusion of inferred resources does not meet the strict criteria for feasibility studies used by banks for loan evaluation, given the detailed geological knowledge of Parys Mountain now available it would be acceptable to utilise some of this inferred resource for comparative financial modelling.

To evaluate potential optimisation of the project some additional mine planning and scheduling will be carried out on the inferred resource and the results input to the financial model. Use of a lower cut-off grade would increase the tonnes in the indicated category, but with some reduction in grade, and increase the projected mine life.

Further optimisation studies are required to determine the optimum cut-off grade that would provide the maximum increased return. These studies are being carried out initially on the base financial model, i.

These optimisation studies are of necessity an on-going process. As more detailed mine costings are developed, and as the increased tonnage potentially changes not just mine life but also the grade of ore processed, a series of iterations will be required to reach that optimum forecast result.

In addition to the indicated and inferred resources reported by Micon, the Parys Mountain area, over which the group holds the mineral rights, contains numerous indications of mineralisation across several kilometres many of which have been disclosed in earlier releases and reports.

As most of these indications have been encountered in drilling at some depth, further exploration would be more effective from underground locations once mining operations commence.

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Further work on Parys Mountain The Scoping Study recommended further work to optimise and enhance the project as the next step ahead of mine development, including more detailed mine and stope design, underground geotechnical studies, additional infill drilling, more detailed engineering studies, additional metallurgical test work including work to improve recovery of specific metals to their own concentrate, and review of tailings management and paste fill processes.

Several opportunities for cost reduction or productivity improvement have been identified. Metallurgical Studies Fairport has recommended that additional metallurgical testwork be carried out to increase confidence in a number of key areas including the performance of the DMS plant, regrind work in the lead circuit to improve concentrate quality, in the paste backfill section to confirm geotechnical characteristics, and in improving the overall water balance to reduce operating costs and discharge requirements.

There is insufficient ore of a representative nature currently available to carry out all of this programme. Both these planning permissions remain in force. In the United Kingdom, industrial and other development proposals, including mineral development projects, are subject to two different processes: For planning purposes Parys Mountain is currently considered a dormant site which cannot commence permitted activity until the mineral planning authority has agreed conditions.

The regulations specify what type of developments should be subject to EIA. Underground mineral workings require an EIA only if the development is likely to have significant effects on the environment. The planning authority may require an EIA as part of the review process and has the responsibility for deciding if an EIA is required.

Several environmental studies have been undertaken within the Parys Mountain area, dating back prior towhen the first planning permission for a new mine was obtained by Anglesey.

Baseline monitoring of environmental conditions was carried out at various times in the s and s. There has also been an extensive monitoring programme for water quality carried out by the Environment Agency to assess the impacts of historic mining activities in the area.

It is now proposed that some further environmental baseline and investigative work be carried out to bring the database up to date and to comply with the now current level of regulations.

During the year a report was prepared on the details of the work that will be needed to meet these requirements and planning for commencement of this work is advanced. It is stressed that the original planning permissions that have been in place for a number of years remain intact.

Grangesberg Iron AB The Grangesberg iron ore mine is situated in the mineral-rich Bergslagen district of central Sweden about kilometres north-west of Stockholm. Until its closure in due to prevailing market conditions, Grangesberg had mined in excess of million tonnes of iron ore.

This right has been granted in exchange for the group continuing to co-manage GIAB on a cost recovery basis.

The co-operative bank case study activity based costing

The group also has shareholder and cooperation agreements such that it holds operatorship of GIAB subject to certain conditions and appoints three out of five directors to the board of GIAB.

GIAB is a private Swedish company founded in which in completed with assistance from the group a financial and capital restructuring of the mine.

GIAB holds a year exploitation permit covering the previously mined Grangesberg underground mining operations granted by the Swedish Mining Inspectorate in May Although Grangesberg benefits from extensive existing infrastructure, development of the project will still require high levels of capital expenditure.

LIM owns extensive iron ore resources and facilities in its exploration properties in Labrador and in Quebec, Canada, one of the major iron ore producing regions in the world. In the three-year period of to LIM produced a total of 3.

LIM has not undertaken mining operations sinceprimarily due to the low iron ore price environment, but maintains its properties on a stand-by care and maintenance basis and, subject to securing financing, is positioned to resume mining operations as soon as economic conditions warrant.

Other activities The directors continue to seek out new properties suitable for development within a relatively short time frame and within the financing capability likely to be available to the group.THE KARACHI BUILDING & TOWN PLANNING REGULATIONS, [Karachi the April 04, ] Notification No.

SO(Land)HTP/KBCA/ In exercise of the powers conferred. Analysis of the Main Retail Failures The Centre has analysed the main retail failures in the period since the recession.

There are 32, with 12, stores affected and , employees. A British bank with strong roots in the cooperative movement encounters declining profitability in an increasingly competitive and deregulated financial services industry. It attempts to grow by broadening its customer base and increasing the range of products and services offered.

The co-operative bank marks its existence in in Manchester. It startedits operations as a department of co-operative wholesale society CWS.


CWS is a central organization that is formed by the co-operative societies of the country, the dominating retailing force. towards change, great amount of labor and insufficient knowledge on activity-based costing; 3. implementation of activity-based costing triggers off numerous methodological changes, mainly improvement in accuracy of indirect costs calculation and profitability analyses; 4.

THE CO-OPERATIVE BANK: CASE ANALYSIS Q1: What new issues, if any, arise when applying analysis to service business? Activity Based Costing (ABC) is a costing method that defines a firm’s activities and then assigns .

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