Notice of RetractionValuation of Mineral Resources, Cost and Sustainable Development

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Nowadays, the fallacious valuation of mineral resources and perversion of resource cost leading to the gloss of low cost and high profit. As a result, resources have been exploited and consumed excessively. To solve this problem, main part of this article modifies mineral resource valuation model, on the foundation of thinking of all influencing factors, which is intended to ensure the accounting information provided by mineral resources asset has factuality and correlativity. After that, a model measuring the transfer value of resource is established to involve mineral resource value into cost accounting system, which is not only helpful to actuate mining companies to legitimately exploit resources but also can encourage their enthusiasm in protecting nature resources to carry out sustainable development strategy for energy. Study methods such as system methodology, normative research, combining theory and practice, combining qualitative and quantitative, etc, are used in this article.