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Only mineable underground reserves are extractable.

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13y ago

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What is the difference between mineral and mineral resources?

Mineral reserves are currently economically feasible. Mineral resources are currently or potentially economically feasible. They both answer the question 'how much is left?' and they seek this answer with geologic and economic considerations. Reserves can be viewed as a subset of resources. The McKelvey Box simplifies this difference by identifying economic feasibility and geologic certainty. The box consists of (from top to bottom, then right to left) reserves, marginal reserves, and demonstrated sub economic resources. Again, reserves are economically extractable at present. Marginal reserves are reserves if economic conditions change, and demonstrated sub economic resources exhibit data to show that the reserves are actually there. On the second column of the chart lie hypothetical resources which are undiscovered, but in known mining districts. And in the last column or section, there are speculative resources which are undiscovered and geologically favorable to exploration.


Contrast a mineral resource and a mineral reserve?

I suggest resource goes further back than reserve. For example you might say uranium is a resource-we know how to use it to get energy. But it only becomes a reserve when we actually have a supply of it available, in reserve. Similarly coal is a resource, but you can only call it a reserve when you know where to go to get it, and that there are no political or logistic reasons whereby you cannot get access to it. Actually a resource is something that is valuable to mankind. A reserve is a resource that is economically and technologically viable to be mined or obtained.


What are the definition of Ore reserves and ore resources?

Ores are a non-renewable natural resources, therefore a resources of a particular ore refers to the total amount present on the earth, as for reserves this is the known deposits which are recoverable under current technogical and economic climate.


What east Asian country has the greatest reserves of natural resources?

Japan


Would it be profitable to reopen copper mines?

It would depend on the reserves that existed in the copper mine, and the market price of copper. If a determination is made that the copper could be extracted profitably, then the mine may be reopened.


What factors can increase reserves of Earth resources?

Factors that can increase reserves of Earth resources include advancements in technology that improve extraction and processing methods, making previously inaccessible or unprofitable resources viable. Additionally, increased recycling and reusing of materials can help replenish resource reserves. Changes in economic conditions, such as rising prices or demand for certain resources, can also incentivize exploration and development of new reserves. Lastly, the discovery of new deposits through geological surveys or exploration can expand resource reserves significantly.


Example of stock and reserve resources?

example of stock reserves


What are Libya's most important natural resources?

Libya's most important natural resources are oil and natural gas. The country has the largest proven oil reserves in Africa and significant natural gas reserves. These resources are crucial to Libya's economy and have historically been major drivers of its GDP.


What are the reserves of silver worldwide?

Reserves of silver worldwide in demonstrated resources from producing and nonproducing deposits stood at 280,000 metric tons in 2002.


Where in the Caribbean can you find natural gas?

Natural gas reserves in the Caribbean are primarily found in Trinidad and Tobago, which is the region's leading producer of natural gas. The country has significant offshore gas fields, including the BPTT and the Angelin fields. Additionally, recent exploration efforts have identified potential reserves in countries like Cuba and Jamaica, but these are still in the early stages of development. Other Caribbean nations have smaller reserves or are exploring potential offshore resources.


Does Italy have oil resources?

Yes it has NATURAL GAS and CRUDE OIL RESERVES


Is US has the world largest uranium resources?

The largest reserves of uranium are in Australia.