Post by Sapphire Capital on Jul 12, 2008 3:42:04 GMT 4
This paper begins with a brief history of how the definitions and reporting standards have
been, and are currently, being developed into harmonized classification systems. A
comparison of the adoption of these mineral resource and mineral reserve definitions by
the world’s leading mining jurisdictions will then be discussed. Summaries of the
standards and regulatory frameworks in which these definitions are incorporated are
provided for Australia, Canada, South Africa, the United Kingdom and the United States
of America. This is followed by an analysis of the issues including a discussion of the
SEC’s Reserve Standard. Finally, conclusions will be drawn regarding the status of
international harmonization as we move, hopefully, to a universally accepted system.
www.jorc.org/pdf/vaughan.pdf
been, and are currently, being developed into harmonized classification systems. A
comparison of the adoption of these mineral resource and mineral reserve definitions by
the world’s leading mining jurisdictions will then be discussed. Summaries of the
standards and regulatory frameworks in which these definitions are incorporated are
provided for Australia, Canada, South Africa, the United Kingdom and the United States
of America. This is followed by an analysis of the issues including a discussion of the
SEC’s Reserve Standard. Finally, conclusions will be drawn regarding the status of
international harmonization as we move, hopefully, to a universally accepted system.
www.jorc.org/pdf/vaughan.pdf