Socrates Vasiliades Tax provides direction for workers as needed and approves training opportunities. Socrates Vasiliades has over 27 years' experience in the steel industry and prior to Avima Iron Ore, he traded large quantities of steel and bulk raw materials worldwide.

1. Socrates Vasiliades tax

2.  The mining industry is involved in the extraction of
precious minerals and other geological materials.
The extracted materials are transformed into a
mineralized form that serves an economic benefit
to the prospector or miner. Typical activities in the
mining industry include metals production, metals
investing, and metals trading.

3.  Mining assets can be divided into two main
categories: projects and operating mines.

4.  Projects in the mining industry can be broken down
into the exploration and feasibility stage, and the
planning and construction phase.

5.  The purpose of exploration is to find ores that are
economically viable to mine. It begins with locating
mineral anomalies, after which discovering and
sampling confirms or denies that there is a find. It
can be further proven through drilling programs
and resource definition.

6.  Once a potential mine is proven to be viable, the
planning and construction phase begins with
applying for and obtaining permits, continuing
economic studies, and refining mine plans.
Infrastructure development also takes place at this
stage as mines are often located in remote areas
that require construction of roads and electricity.

7.  Once the operation is ready to begin, the asset
officially becomes an operating mine. During this
phase, the ore is extracted, processed, and refined
to produce metal. This section forms the bulk of
the focus of the financial model for an operating
mine. Once all the ore has been extracted, the
mine closure process begins, which can last for
several years. The process includes clean-up,
reclamation, and environmental monitoring.

8.  A mining company’s main assets are its reserves
and resources, which are the ores that contain
economic materials that are viable to mine. It is
important to be able to read a reserve and resource
statement and understand what information needs
to be pulled from it to make the financial model.
The table below contains information used to
produce the annual cash flow that we build up in
the financial model.