In this article we will discuss UNFC-1997

  • UNFC-1997 is a system for the classification and reporting of reserves and resources of solid fuels and mineral commodities and provides a standardized, internationally recognized system for the reporting of reserves and resources.
  • It has been developed by the UN Economic Commission for Europe.
  • It promotes transparency and consistency in the reporting of mineral and energy assets and ensures that geological, engineering, and economic information is used consistently.
  • It provides a basis for comparing reserves and resources data between countries and regions which is widely used by governments, industry, and financial institutions around the world.
  • According to UNFC-1997, there are four stages of exploration for any mineral deposit:
  • Reconnaissance (G4)
  • Preliminary exploration (G3)
  • General Exploration (G2)
  • Detailed Exploration (G1)

By sudrishna46

I work as an Analyst and i love wildlife and travel vlogging

Leave a Reply

Your email address will not be published. Required fields are marked *