Case Study // Drift Mine in the Forest of Dean
Valuation and Due Diligence Exercise
AMS Associates were appointed to carry out a valuation of a closed drift
mine located in the Forest of Dean on behalf of the owners.
The purpose of the exercise was to raise funds to re-open the mine and commence
production.
A walkover survey, including the coal faces and tunnels was carried out
to determine the set up costs and all works required to commence operations.
The exercise also looked at the viability of the operation with regards
to the ever-changing markets at that time.
Due to the result of the valuation the project did not proceed.