Conceptual aspects of comparability between russian and foreign systems in estimating the mineral resources
- 1 — Saint Petersburg State Mining Institute (Technical University)
- 2 — Saint Petersburg State Mining Institute (Technical University)
- 3 — Saint Petersburg State Mining Institute (Technical University)
Abstract
Globalization of the world economy has started first of all within the mineral resources market which is dominated many years by transnational corporations. Expansion of mining areas through national borders, of partnership between domestic and foreign companies is accompanied by development of national and international standards for reporting of mineral resources and available ore reserves. There are, among the most authoritative codes, the Australasian JORC Code and the Model Code of Combined committee CRIRSCO. In Russia (USSR) the Classification of explored reserves has been approved by the State for the First Five-Year Plan – for purpose of the completely centralized record keeping of the country mineral resources. Since, during its «socialist evolution» this record system strengthened in Russia such principles of estimating explored ore reserves and expected resources which make difficult the adaptation of our Classification to standards and categories accepted in most of other countries. The step in this direction was made by drawing up the project of «Guidelines on Alignment of Russian minerals reporting standards and the CRIRSCO Template». As a consultation draft for comments, the document has been prepared by the group of experts incorporating leading professional researchers of FGU «GKZ», CRIRSCO, mining companies. It seems, this approach process will need the time and corrections of many factors in geological exploration practice, in the State system of record keeping for reserves and resources.