本文選題：并購(gòu)重組 + 礦業(yè)權(quán)評(píng)估��； 參考：《上海交通大學(xué)》2015年碩士論文

【摘要】：礦產(chǎn)資源是國(guó)民經(jīng)濟(jì)發(fā)展的重要基礎(chǔ),并購(gòu)重組是推進(jìn)礦產(chǎn)資源節(jié)約與綜合利用、淘汰落后產(chǎn)能的有效方式。上市公司涉及礦業(yè)權(quán)或礦山企業(yè)的并購(gòu)重組是資本市場(chǎng)并購(gòu)重組重要組成部分,基于評(píng)估結(jié)果確定的礦業(yè)權(quán)或礦山企業(yè)轉(zhuǎn)讓價(jià)格是否合理,不僅關(guān)乎并購(gòu)重組的成敗,更直接關(guān)系到上市公司及廣大投資者的切身利益。進(jìn)一步完善我國(guó)礦業(yè)權(quán)及礦山企業(yè)評(píng)估工作,提高上市公司涉礦并購(gòu)重組定價(jià)的科學(xué)性和合理性,對(duì)礦山行業(yè)和資本市場(chǎng)的長(zhǎng)遠(yuǎn)發(fā)展都有著十分重要的意義。礦山企業(yè)的主要資產(chǎn)是礦業(yè)權(quán),礦山企業(yè)價(jià)值評(píng)估必然包括對(duì)礦業(yè)權(quán)的評(píng)估,而礦業(yè)權(quán)和企業(yè)價(jià)值評(píng)估準(zhǔn)則在評(píng)估途徑、評(píng)估參數(shù)選擇等方面存在一定的差異,且礦業(yè)權(quán)評(píng)估專(zhuān)業(yè)性較強(qiáng),兩者在評(píng)估依據(jù)、評(píng)估參數(shù)等方面存在較多銜接問(wèn)題。由于部分評(píng)估機(jī)構(gòu)和評(píng)估人員對(duì)兩套準(zhǔn)則理解不到位和執(zhí)業(yè)過(guò)程的不盡責(zé)導(dǎo)致這些銜接問(wèn)題更加突出。本文以礦業(yè)權(quán)及礦山企業(yè)并購(gòu)重組涉及的相關(guān)法律規(guī)定為依據(jù),以上市公司涉及礦山企業(yè)重大資產(chǎn)重組為視角,以并購(gòu)重組資產(chǎn)評(píng)估為藍(lán)本,研究并購(gòu)重組中礦業(yè)權(quán)評(píng)估和涉礦企業(yè)價(jià)值評(píng)估在標(biāo)準(zhǔn)體系銜接和實(shí)務(wù)中存在的相關(guān)執(zhí)業(yè)問(wèn)題,并在案例研究的基礎(chǔ)上提出相應(yīng)的政策建議。礦業(yè)權(quán)評(píng)估和礦業(yè)企業(yè)價(jià)值評(píng)估分屬兩個(gè)不同的部門(mén)和行業(yè)協(xié)會(huì)管理,相關(guān)準(zhǔn)則和執(zhí)業(yè)規(guī)范也由其各自制定,本文在研究礦業(yè)權(quán)評(píng)估的相關(guān)法律法規(guī)的基礎(chǔ)上,以兩套評(píng)估準(zhǔn)則的差異性作為分析的起點(diǎn),結(jié)合上市公司涉礦業(yè)并購(gòu)重組的實(shí)例,重點(diǎn)分析評(píng)估實(shí)務(wù)中礦山企業(yè)價(jià)值評(píng)估在引用礦業(yè)權(quán)報(bào)告時(shí)易出現(xiàn)的問(wèn)題,分別從標(biāo)準(zhǔn)層面、執(zhí)業(yè)層面和監(jiān)管層面提出解決的路徑及方案。為做好上市公司涉礦并購(gòu)重組評(píng)估工作,更好地保護(hù)交易各方的合法權(quán)益,相關(guān)主管部門(mén)和行業(yè)協(xié)會(huì)應(yīng)加強(qiáng)理論研究,進(jìn)一步強(qiáng)化礦業(yè)權(quán)評(píng)估與礦業(yè)企業(yè)價(jià)值評(píng)估在準(zhǔn)則及技術(shù)規(guī)范方面的銜接;相關(guān)評(píng)估機(jī)構(gòu)和評(píng)估人員應(yīng)按照相關(guān)準(zhǔn)則、技術(shù)規(guī)范及市場(chǎng)監(jiān)管者的監(jiān)管要求,客觀公正,勤勉盡責(zé),建立充分的質(zhì)量控制體系,設(shè)定合適的評(píng)估假設(shè),選取合理的評(píng)估參數(shù),使評(píng)估方法更趨科學(xué),評(píng)估結(jié)論更趨合理;監(jiān)管機(jī)構(gòu)應(yīng)完善監(jiān)管要求,明確監(jiān)管標(biāo)準(zhǔn),強(qiáng)化監(jiān)督檢查,嚴(yán)肅查處違法違規(guī)問(wèn)題,促使評(píng)估機(jī)構(gòu)不斷提高評(píng)估執(zhí)業(yè)質(zhì)量。
[Abstract]:Mineral resources is an important foundation of national economic development. M & A is an effective way to promote the saving and comprehensive utilization of mineral resources and the elimination of backward production capacity. The M & A of listed companies involving mining rights or mining enterprises is an important part of capital market M & A and reorganization. Whether the mining rights or the transfer price of mining enterprises determined based on the evaluation results is reasonable or not is not only related to the success or failure of M & A and reorganization. More directly related to listed companies and the interests of investors. It is of great significance for the long-term development of mining industry and capital market to further improve the evaluation of mining rights and mining enterprises in China and to improve the scientific and reasonable pricing of M & A and reorganization of listed companies. The main assets of mining enterprises are mining rights. The value evaluation of mining enterprises must include the evaluation of mining rights. However, there are some differences between mining rights and enterprise value evaluation criteria in the way of evaluation, the selection of evaluation parameters, and so on. The evaluation of mining rights is professional, and there are many problems in the evaluation basis and evaluation parameters. The lack of understanding of the two sets of guidelines and the lack of due diligence on the part of evaluators and evaluators make these convergence problems even more prominent. This paper is based on mining rights and related laws and regulations related to the merger and acquisition of mining enterprises, taking listed companies involved in major assets reorganization of mining enterprises as the visual angle, and taking the assets evaluation of M & A and reorganization as the blueprint. This paper studies the related practice problems in the standard system and practice of mining right evaluation and mining enterprise value evaluation in M & A and reorganization, and puts forward corresponding policy suggestions on the basis of case study. Mining right evaluation and mining enterprise value evaluation are managed by two different departments and trade associations, and the relevant standards and practice norms are also formulated by them. This paper studies the relevant laws and regulations of mining rights evaluation. Taking the difference of two sets of evaluation criteria as the starting point of analysis, combined with the example of mining M & A and reorganization of listed companies, this paper focuses on the problems that arise when mining enterprise value evaluation is quoted in the evaluation practice, respectively from the standard level. Practice level and regulatory level to propose solutions and solutions. In order to do a good job in evaluating the merger and acquisition of listed companies, and to better protect the legitimate rights and interests of all parties to the transaction, the relevant competent departments and trade associations should strengthen theoretical research. To further strengthen the link between mining rights assessment and mining enterprise value assessment in terms of standards and technical specifications; relevant evaluation institutions and assessors should be objective and impartial in accordance with relevant standards, technical specifications and regulatory requirements of market regulators, Due diligence, establishing a sufficient quality control system, setting up appropriate evaluation assumptions, selecting reasonable evaluation parameters, making the evaluation method more scientific and the evaluation conclusion more reasonable. Strengthen supervision and inspection, strictly investigate and deal with illegal issues, and promote evaluation institutions to continuously improve the quality of evaluation practice.
【學(xué)位授予單位】：上海交通大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2015
【分類(lèi)號(hào)】：F271;F426.1

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