of November 8, 1999 No. 176
About approval of requirements and criteria of geological economic evaluation of mineral deposits
Due to the execution of the Presidential decree of the Azerbaijan Republic "About application of the Law of the Azerbaijan Republic "About subsoil" of April 27, 1998 the No. 701 Cabinet of Ministers of the Azerbaijan Republic decides:
1. Approve "Requirements and criteria of geological economic evaluation of mineral deposits" (are applied).
2. This resolution becomes effective from the date of signing.
Prime Minister of the Azerbaijan Republic
A. Rasi-Zade
Approved by the Resolution of the Cabinet of Ministers of the Azerbaijan Republic of November 8, 1999 No. 176
At three stages of exploration works (search and estimative, primary investigation and exact investigation) the geological economic evaluation of mineral deposits is required.
As a result of search and estimative works the Technical and Economic Representation (TER) which contains assessment of industrial value of the mineral deposit possible in the future and is based on stock counting on category C2 is prepared.
As the result of primary prospecting works is estimated industrial value of the mineral deposit, the project of temporary standard for stock counting on categories C1+C2 is constituted. All this finds the reflection in the Technical and Economic Report (TER) and the project of temporary standard proving carrying out exact prospecting works on the mineral deposit.
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