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Mineral Resources are further sub-divided, in order of increasing geological confidence, into inferred, indicated and measured as categories. Inferred Mineral Resource is the part of a mineral resource for which quantity, grade (or quality) and mineral content can be estimated with a low level of confidence. It is inferred from geological ...
Classification and management of natural resources such as minerals and petroleum are classified using differing schemes. [4] [5] In 1997, UNECE published the United Nations Framework Classification for Reserves and Resources of Solid Fuels and Mineral Commodities (UNFC-1997) as a unifying international system for classifying solid minerals and fuels. [6]
The terminology used may vary somewhat, [6] [7] but resources in a McKelvey diagram fall into three main areas: [8] Reserves, which are already discovered and commercially-viable mineral deposits, [8] [1] Contingent [8] or conditional [1] resources, whose existence is known but which are not commercially viable at present,
Lindgren, W., 1933. Mineral Deposits. 930 pp. McGraw-Hill, New York. U.S. Geological Survey Circular 831, Principles of a Resource/Reserve Classification for Minerals (PDF format) Dill, H.G., 2010. The “chessboard” classification scheme of mineral deposits: Mineralogy and geology from aluminum to zirconium.
The act of mining requires different methods of extraction depending on the mineralogy, geology, and location of the resources. Characteristics such as mineral hardness, the mineral stratification, and access to that mineral will determine the method of extraction. Generally, mining is either done from the surface or underground.
It can be argued that what is referred to as the 'mining industry' is actually two sectors, one specializing in exploration for new resources and the other in mining those resources. The exploration sector is typically made up of individuals and small mineral resource companies, called "juniors", which are dependent on venture capital. The ...
Quantitative mineral-resource assessments are defined as the numerical estimate of the amount, quality, and in some cases, value of undiscovered minerals (that is, metal or industrial mineral) present within a specified area (tract). Their purpose is to provide a framework for making decisions by governments or institutions concerning mineral ...
The Convention on the Regulation of Antarctic Mineral Resource Activities (popular as CRAMRA) is a treaty that is part of the Antarctic Treaty System. The convention was concluded at Wellington on 2 June 1988. The government of New Zealand is the depository of the treaty. [1] The convention was signed by 19 states, but none have ratified it.