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In Australia, nearly 80% of coal is produced from open-cut mines in contrast with the rest of the world where open-cut mining only accounts for 40% of coal production. Open-cut mining is cheaper than underground mining and enables up to 90% recovery of the in situ resource.

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2020-4-22  In this podcast episode, we discuss some aspects of the accounting for mining. Key points made are noted below. Mine Exploration Activities. One issue with the accounting for mining is that a mine operator first has to engage in exploration activities in order to even figure out where to

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Chart of Accounts: Example and Explanation AccountingVerse. A chart of accounts is a list of all accounts used by a company in its accounting system. It makes the bookkeeper's work easier. The accounts included in the chart of accounts must be used consistently to prevent clerical or technical errors in the accounting system.

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