Minerals and waste management
An accurate valuation of mineral-producing and waste management operations depends on the valuer understanding their overall nature and having an appreciation of their physical features.
Valuers must also possess:
- an understanding of the business' trading aspects;
- an ability to prepare accurate forecasts of the future trading environment; and
- a detailed knowledge of the market and of the planning and legal controls to which these activities are subject.
Many of these points are unusual and are not found in other types of property valuation. The risks of injury associated with these properties is also greater than most.
Checklists: Minerals and waste management property inspection checklists
Feature: Construction resources: mineral shortages
Feature: UK minerals strategy: Meeting demand
isurv section: Contaminated land
isurv section: Waste management
RICS standard: Network Rail policy for letting waste sites