| Abstract [eng] |
Mining industry is necessary to create an advanced performance evaluation methodology because it is not enough to use the regular minerals price valuation. In this case it is necessary to use the versatile company’s financial indexes, which have influence over a company’s performance, evaluation. That would let set and eliminate financial performance lacks and find reserves to improve company’s financial state and help a company to avoid liquidation or even to identify and take actions to take a plan of bankruptcy reduction actions on time. At the event of bankruptcy due to a company which has not performed the set legal regulated actions, both the state and its citizens would experience negative results. Abandoned and not tidied quarries bring big loses both: to the state, as they are potentially dangerous, and to the dwellers, they also ruin the landscape. It is very important to create Lithuania’s mining companies performance evaluation methodology which would be properly adapted, directly dependent on a company’s proper needs and useful to the company itself. |
