Mineral Resource Classification
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Mineral Resource Classification
There are several classification systems for the economic evaluation of mineral deposits worldwide. The most commonly used schemes base on the International Reporting Template, developed by the CRIRSCO - Committee for Mineral Reserves International Reporting Standards, like the Australian Joint Ore Reserves Committee - JORC Code 2012, the Pan-European Reserves & Resources Reporting Committee' – PERC Reporting Standard from 2021, the Canadian Institute of Mining, Metallurgy and Petroleum - CIM classification and the South African Code for the Reporting of Mineral Resources and Mineral Reserves (SAMREC). A more detailed description of the historical development concerning reporting about mineral deposits can be found on the PERC web site. Mineral resources A 'Mineral Resource' is a concentration or occurrence of material of intrinsic economic interest in or on the earth's crust in such form, quality and quantity that there are reasonable prospects for eventual economic extraction. ...
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PERC Reporting Standard
The PERC Standard for Reporting of Exploration Results, Mineral Resources and Mineral Reserves (the ‘PERC Reporting Standard’) sets out the minimum standards, as well as additional guidelines and recommendations for the Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves within Europe. It applies to all solid mineral raw materials for which Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves is required by any relevant regulatory authority. The PERC Reporting Standard is fully aligned with the CRIRSCO International Reporting Template. The CRIRSCO International Reporting Template is a document that represents the best of the CRIRSCO-style codes for the public reporting of Exploration Results, Mineral Resources and Mineral Reserves that are recognised and adopted world-wide for market-related reporting and financial investment. History During the 1960s, it was realised that minerals reporting was not being undertaken ...
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South African Mineral Reporting Codes
The South African Mineral Reporting Codes (SAMCODES) are codified sets of standards and guidelines applicable to the South African Minerals and Petroleum Industries, drafted and overseen by the SAMCODES Standards Committee (SSC), a professional and non-governmental body. Specifically, the standards and guidelines are applicable to public reports compiled on behalf of South African Minerals and Petroleum companies for the benefit of investors. The Codes are incorporated into Section 12 of the Johannesburg Stock Exchange JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 ... (JSE) Listings Rules, which detail "the criteria for the listing of, and the additional disclosure requirements for Mineral Companies and, in certain circumstances, substantial mineral assets of non-Mineral Companies" i ...
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Borehole
A borehole is a narrow shaft bored in the ground, either vertically or horizontally. A borehole may be constructed for many different purposes, including the extraction of water ( drilled water well and tube well), other liquids (such as petroleum), or gases (such as natural gas). It may also be part of a geotechnical investigation, environmental site assessment, mineral exploration, temperature measurement, as a pilot hole for installing piers or underground utilities, for geothermal installations, or for underground storage of unwanted substances, e.g. in carbon capture and storage. Importance Engineers and environmental consultants use the term ''borehole'' to collectively describe all of the various types of holes drilled as part of a geotechnical investigation or environmental site assessment (a so-called Phase II ESA). This includes holes advanced to collect soil samples, water samples or rock cores, to advance ''in situ'' sampling equipment, or to install monitoring ...
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Geologist
A geologist is a scientist who studies the solid, liquid, and gaseous matter that constitutes Earth and other terrestrial planets, as well as the processes that shape them. Geologists usually study geology, earth science, or geophysics, although backgrounds in physics, chemistry, biology, and other sciences are also useful. Field research (field work) is an important component of geology, although many subdisciplines incorporate laboratory and digitalized work. Geologists can be classified in a larger group of scientists, called geoscientists. Geologists work in the energy and mining sectors searching for natural resources such as petroleum, natural gas, precious and base metals. They are also in the forefront of preventing and mitigating damage from natural hazards and disasters such as earthquakes, volcanoes, tsunamis and landslides. Their studies are used to warn the general public of the occurrence of these events. Geologists are also important contributors to climate ch ...
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NI 43-101
National Instrument 43-101 (the "NI 43-101" or the "NI") is a national instrument for the ''Standards of Disclosure for Mineral Projects'' within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada. This includes foreign-owned mining entities who trade on stock exchanges overseen by the Canadian Securities Administrators, even if they only trade on Over The Counter (OTC) derivatives or other instrumented securities. Many publicly held Canadian mineral exploration and mining companies list on the TSX Venture Exchange (TSX-V) or the Toronto Stock Exchange (TSX). Some of these companies may also have listings on stock exchanges outside Canada, such as Johannesburg Stock Exchange, Australian Securities Exchange and London Stock Exchange. Disclosures covered by the NI 43-101 code include press releases of min ...
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United Nations Economic Commission For Europe
The United Nations Economic Commission for Europe (ECE or UNECE) is one of the five regional commissions under the jurisdiction of the United Nations Economic and Social Council. It was established in order to promote economic cooperation and integration among its member states. The commission is composed of 56 member states, most of which are based in Europe, as well as a few outside of Europe. Its transcontinental Eurasian or non-European member states include: Armenia, Azerbaijan, Canada, Cyprus, Georgia, Israel, Kazakhstan, Kyrgyzstan, the Russian Federation, Tajikistan, Turkey, Turkmenistan, the United States of America and Uzbekistan. History The commission was established by the Economic and Social Council on 28 March 1947 in order to "Initiate and participate in measures for facilitating concerted action for the economic reconstruction of Europe," as well as to "maintain and strengthen the economic relations of the European countries, both among themselves and with o ...
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Mineral Processing
In the field of extractive metallurgy, mineral processing, also known as ore dressing, is the process of separating commercially valuable minerals from their ores. History Before the advent of heavy machinery the raw ore was broken up using hammers wielded by hand, a process called "spalling". Before long, mechanical means were found to achieve this. For instance, stamp mills were used in Samarkand as early as 973. They were also in use in medieval Persia. By the 11th century, stamp mills were in widespread use throughout the medieval Islamic world, from Islamic Spain and North Africa in the west to Central Asia in the east. A later example was the Cornish stamps, consisting of a series of iron hammers mounted in a vertical frame, raised by cams on the shaft of a waterwheel and falling onto the ore under gravity. The simplest method of separating ore from gangue consists of picking out the individual crystals of each. This is a very tedious process, particularly when the in ...
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Metallurgy
Metallurgy is a domain of materials science and engineering that studies the physical and chemical behavior of metallic elements, their inter-metallic compounds, and their mixtures, which are known as alloys. Metallurgy encompasses both the science and the technology of metals; that is, the way in which science is applied to the production of metals, and the engineering of metal components used in products for both consumers and manufacturers. Metallurgy is distinct from the craft of metalworking. Metalworking relies on metallurgy in a similar manner to how medicine relies on medical science for technical advancement. A specialist practitioner of metallurgy is known as a metallurgist. The science of metallurgy is further subdivided into two broad categories: chemical metallurgy and physical metallurgy. Chemical metallurgy is chiefly concerned with the reduction and oxidation of metals, and the chemical performance of metals. Subjects of study in chemical metallurgy include mi ...
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Governance
Governance is the process of interactions through the laws, social norm, norms, power (social and political), power or language of an organized society over a social system (family, tribe, formal organization, formal or informal organization, a territory or across territories). It is done by the government of a state (polity), state, by a market (economics), market, or by a social network, network. It is the decision-making among the actors involved in a collective problem that leads to the creation, reinforcement, or reproduction of social norms and institutions". In lay terms, it could be described as the political processes that exist in and between formal institutions. A variety of entities (known generically as governing bodies) can govern. The most formal is a government, a body whose sole responsibility and authority is to make binding decisions in a given geopolitical system (such as a sovereign state, state) by establishing laws. Other types of governing include an o ...
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Economic Geology
Economic geology is concerned with earth materials that can be used for economic and/or industrial purposes. These materials include precious and base metals, nonmetallic minerals and construction-grade stone. Economic geology is a subdiscipline of the geosciences; according to Lindgren (1933) it is “the application of geology”. Today, it may be called the scientific study of the Earth's sources of mineral raw materials and the practical application of the acquired knowledge. The term commonly refers to metallic mineral deposits and mineral resources. The techniques employed by other earth science disciplines (such as geochemistry, mineralogy, geophysics, petrology, paleontology and structural geology) might all be used to understand, describe, and exploit an ore deposit. Economic geology is studied and practiced by geologists. Economic geology may be of interest to other professions such as engineers, environmental scientists, and conservationists because of the far-reachi ...
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Mineral Economics
Mineral economics is the academic discipline that investigates and promotes understanding of economic and policy issues associated with the production and use of mineral commodities. Mineral economics min·rəl ‚ek·ə′näm·iksis specially concerned with the analysis and understanding of mineral distribution as well as the ‘discovery, exploitation, and marketing of minerals’. Mineral economics is an academic discipline which constructs policies regarding mineral commodities and their global distribution.  The discipline of mineral economics examines the success and the implications associated with the mining industry and the impact the industry has on the economy socially and regarding the climate. Mineral economics is a continuing, evolving field which originally started after the Second World War and has continued to expand in today's modern climate. The identification of mineral sectors and their associated total revenue from specific commodities and how this varies ...
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Mineral Exploration
Mining in the engineering discipline is the extraction of minerals from underneath, open pit, above or on the ground. Mining engineering is associated with many other disciplines, such as mineral processing, exploration, excavation, geology, and metallurgy, geotechnical engineering and surveying. A mining engineer may manage any phase of mining operations, from exploration and discovery of the mineral resources, through feasibility study, mine design, development of plans, production and operations to mine closure. With the process of Mineral extraction, some amount of waste and uneconomic material are generated which are the primary source of pollution in the vicinity of mines. Mining activities by their nature cause a disturbance of the natural environment in and around which the minerals are located. Mining engineers must therefore be concerned not only with the production and processing of mineral commodities, but also with the mitigation of damage to the environment both dur ...
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