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, the state accounting of use of inventories and resources of minerals, single for the state fund of subsoil of Ukraine, according to the level of their social and economic and industrial value, extent of disaggregation of the project on technological studying and readiness of fields (deposits) of minerals to industrial development, extent of geological studying and reliability, and also the basic principles of quantitative assessment of resources of minerals.

2. In this Classification terms are used in the following value:

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 technical technology solutions concerning method and system of production and the scheme of complex conversion of mineral raw materials;

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