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RESOLUTION OF THE MINISTRY OF NATURAL RESOURCES AND ENVIRONMENTAL PROTECTION OF THE REPUBLIC OF BELARUS

of January 6, 2017 No. 2

About approval of the Regulations on procedure for development and establishment of standard rates of operational losses of minerals

Based on subitem 1.17 of Item 1 of Article 11, and Item 9 of the Regulations on the Ministry of Natural Resources and Environmental Protection of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of June 20, 2013 No. 503 "About some questions of the Ministry of Natural Resources and Environmental Protection of the Republic of Belarus" the Ministry of Natural Resources and Environmental Protection of the Republic of Belarus DECIDES: parts two of item 4 of article 69 of the Code of the Republic of Belarus about subsoil

1. Approve the enclosed Regulations on procedure for development and establishment of standard rates of operational losses of minerals.

2. This resolution becomes effective since January 23, 2017.

Minister

A. M. Kovkhuto

Approved by the Resolution of the Ministry of Natural Resources and Environmental Protection of the Republic of Belarus of January 6, 2017 No. 2

Regulations on procedure for development and establishment of standard rates of operational losses of minerals

1. This Provision determines procedure for development and establishment of standard rates of operational losses of minerals.

2. For fields which contain several types of minerals standard rates of operational losses of minerals are developed and established by each type of mineral considered in the state stock balances of minerals and geothermal resources of subsoil.

3. Development of standard rates of operational losses of minerals consists in reasons for their size as a percentage in relation to balance sheet inventories of minerals.

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