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Case study: "Kakadu: mining versus intangible values", from textbook, Case study 14.2, p.407-408.
Finance & Accounting
Pages 3 (753 words)
Kakadu: Mining Versus Intangible Values Name: Institution: KAKADU: MINING VERSUS INTANGIBLE VALUES The focus of the debate on Kakadu national park is whether it is feasible to carry out mining in Kakadu’s conservation zone without causing grievous harm to the area around the mines, as well as the idea that the mining activities would compromise the core values that have seen the park designated as a world heritage site.
There are also over 280 bird species. Kakadu is also rich in Uranium deposits found in different sites. Kakadu also possesses intangible assets such as its recognition as a vital wetland that is of international significance. Finally, Kakadu possesses various heritage assets such as the aboriginal cultural sites that have cave paintings and rock carvings, as well as various archaeological sites. The park’s ecosystem can also be classed as a mixed asset since it is also a heritage asset. Assets, according to the conceptual framework definition, are future economic benefits that are controlled by the entity resulting from past events or transactions (Rankin et al, 2012). It must be probable that future economic benefits will eventuate, and it must have a cost or other value that is reliably measurable. One asset that passes this definition is the Uranium deposits in the park. The mineral deposits have future economic benefits since the uranium is of high quality and fetches a premium price on the market. The price of Uranium is bound to increase as the world shifts to clean energy and supplies in other major producers begin to dwindle. ...
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