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Mineral Reserves


2. The Instruction establishes the procedure for writing off mineral reserves from the state balance of mineral reserves during the extraction of minerals. For the purposes of this Instruction, mineral reserves are understood as main minerals and co-occurring minerals, as well as useful components contained in them, identified within the subsurface during the assessment, exploration, and development of deposits, having undergone state expertise or received a geological-economic evaluation and recorded in accordance with established procedures

Source: Order of Gosgortekhnadzor of Russia dated 17.09.1997 No. 28 "On Approval" "Instructions on the Procedure for Writing Off Mineral Reserves from the Accounting of Mining Enterprises" (together with "RD-07-203-98," approved by the State Mining Inspection of the Russian Federation, the Ministry of Natural Resources of Russia July 18, 1997 No. 121-1)

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