RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of May 5, 1997 No. 432

About approval of Classification of inventories and resources of minerals of the state fund of subsoil

The Cabinet of Ministers of Ukraine DECIDES:

1. Approve Classification of inventories and resources of minerals of the state fund of subsoil.

2. To the state committee on geology and use of subsoil to submit within three-months term in accordance with the established procedure offers on introduction of amendments to the acts of the Cabinet of Ministers of Ukraine following from this resolution.

Approved by the Resolution of the Cabinet of Ministers of Ukraine of May 5, 1997 No. 432

Classification of inventories and resources of minerals of the state fund of subsoil

1. Classification of inventories and resources of minerals of the state fund of subsoil (further - Classification) establishes the principles of calculation, geological economic evaluation and the state stock accounting of minerals, single for the state fund of subsoil of Ukraine, according to the level of their industrial value and degree of geological and technical and economic study, the conditions determining readiness of the reconnoitered mineral deposits to industrial development and also the basic principles of quantitative assessment of resources of minerals.

2. In Classification the stated below terms and concepts are used in the following value:

minerals - natural mineral formations of organic and inorganic origin in subsoil, on the Earth's surface, in sources of waters and gases, at the bottom of reservoirs, and also technogenic mineral educations in places of waste disposal of production and losses of products of conversion of mineral raw materials;

useful component - mineral component which extraction for the purpose of industrial use is technologically possible and economically reasonable. In the presence of two or more useful components mineral is complex. The field of complex mineral or two or more one-component minerals is determined as complex;

the main minerals and components - the minerals and components determining industrial value of the field, the direction of its industrial use and the name;

the accompanying minerals and components - minerals and components which production is performed together with the main minerals and extraction and industrial use are technologically possible and economically reasonable in the course of conversion of the main mineral raw materials;

resources of minerals and components - the amounts of minerals and components of unopened fields estimated as possible for production and conversion in case of the modern technical and economic level of development of fields of this type of mineral raw materials;

assessment of resources of minerals and komponentovpriblizitelny determination of quantity and quality of minerals and components on the basis of the analysis of favorable geological and economic premises and positive results of geological, geophysical and other surveys;

inventories of minerals and components (general inventories of minerals and components) - the amounts of minerals and components found and bedding counted on site according to geological studying of the found (identified) mineral deposits;

mineral raw materials - the mineral extracted and processed into products of mining;

jointly the lying minerals - minerals which form independent fields which selection production and withdrawal are technologically possible and economically reasonable in the course of production of the main minerals in the raskryvny and containing breeds;

the products of the mining company - the mineral raw materials extracted by the mining company also meet the established standards;

complex use of fields of useful all minerals of iskopayemykhdobych of the field and extraction of the available useful components and their industrial use, and also use of the waste which are formed in the course of production and conversion of mineral raw materials;

geological and industrial type of fields useful iskopayemykhsovokupnost of the mineral deposits combined by similarity of material composition of minerals and community of geological conditions of their education which were determined as real sources of delivery of this type of mineral raw materials to the market;

geological studying of minerals - determination of material structure, quantity, quality and technological properties of minerals, geological structure, hydrogeological, mining-and-geological and other conditions of bedding of their deposits for reasons for project decisions concerning method and system of production and the scheme of complex conversion of mineral raw materials;

technical and economic studying of minerals - determination of mining, geografo-economic, social-and-ecological and other conditions of development of mineral deposits and conversion of mineral raw materials, and also sales terms of products of mining for geological economic evaluation of industrial value of accumulation of minerals;

subsoil plot geological economic evaluation - the periodic analysis of results of each stage of geological and technical and economic studying of resources of minerals of the subsoil plot for the purpose of establishment and/or change of industrial value of their inventories based on information on the actual technological schemes, technical and economic indicators and financial results of mining within such site. Are allocated detailed, preliminary and initial geological економическая estimates;

detailed geological economic evaluation (GEO-1) - determination of level of cost efficiency of productive activity of the created or reconstructed mining company and feasibility of investment of works on its designing and construction. GEO-1 is performed on the basis of explored reserves of minerals and includes the feasibility statement (FS) on permanent standards for their calculation. Detail of technical and economic calculations and reliability of financial performance of GEO-1 shall be sufficient for adoption of the investment decision without additional researches. The materials of detailed geological economic evaluation of the mineral deposit which were positive by the State Commission on Mineral Reserves (далееГКЗ) are the main document which proves feasibility of financing of works on project development of construction of mining objects;

preliminary geological economic evaluation (GEO-2)обоснование of feasibility of industrial development of the field (deposit) of minerals and investment of exploration works on its investigation and preparation for operation. GEO-2 is performed on the basis of previously reconnoitered and explored reserves of minerals, drawn up as the technical and economic report (TER) on feasibility of further investigation, including trial mining (deposit). At the same time the efficiency evaluation of mining is carried out at the level of final products of mining; technical and economic indicators are determined by calculations or are accepted by analogy;

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