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This excerpt taken from the ACI 10-K filed Mar 1, 2010. Deferred
Mine Development
Costs of developing new mines or significantly expanding the
capacity of existing mines are capitalized and amortized using
the
units-of-production
method over the estimated recoverable reserves that are
associated with the property being benefited. Costs may include
construction permits and licenses; mine design; construction of
access roads, shafts, slopes and main entries; and removing
overburden to access reserves in a new pit. Additionally,
deferred mine development includes the costs associated with
asset retirement obligations.
Table of Contents
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
These excerpts taken from the ACI 10-K filed Feb 27, 2009. Deferred
Mine Development
Costs of developing new mines or significantly expanding the
capacity of existing mines are capitalized and amortized using
the units-of-production method over the estimated recoverable
reserves that are associated with the property benefited. Costs
may include construction permits and licenses; mine design;
construction of access roads, shafts, slopes and main entries;
and removing overburden to access reserves in a new pit.
Additionally, deferred mine development includes the costs
associated with asset retirement obligations.
Deferred Mine Development Costs of developing new mines or significantly expanding the capacity of existing mines are capitalized and amortized using the units-of-production method over the estimated recoverable reserves that are associated with the property benefited. Costs may include construction permits and licenses; mine design; construction of access roads, shafts, slopes and main entries; and removing overburden to access reserves in a new pit. Additionally, deferred mine development includes the costs associated with asset retirement obligations. These excerpts taken from the ACI 10-K filed Feb 29, 2008. Deferred
Mine Development
Costs of developing new mines or significantly expanding the
capacity of existing mines are capitalized and amortized using
the units-of-production method over the estimated recoverable
reserves that are associated with the property being benefited.
Costs may include construction permits and licenses; mine
design; construction of access roads, shafts, slopes and main
entries; and removing overburden to access reserves in a new
pit. Additionally, deferred mine development includes the costs
associated with asset retirement obligations.
Deferred Mine Development Costs of developing new mines or significantly expanding the capacity of existing mines are capitalized and amortized using the units-of-production method over the estimated recoverable reserves that are associated with the property being benefited. Costs may include construction permits and licenses; mine design; construction of access roads, shafts, slopes and main entries; and removing overburden to access reserves in a new pit. Additionally, deferred mine development includes the costs associated with asset retirement obligations. This excerpt taken from the ACI 10-K filed Mar 1, 2007. Deferred Mine
Development |
Costs of developing new mines or significantly expanding the
capacity of existing mines are capitalized and amortized using
the units-of-production
method over the estimated recoverable reserves that are
associated with the property being benefited. Additionally, the
asset retirement obligation asset has been recorded as a
component of deferred mine development.
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