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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?

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Example of stock and reserve resources?

example of stock reserves


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.


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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.


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


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The largest reserves of uranium are in Australia.


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What does extensive reserves mean?

Extensive reserves refer to a large amount of resources, typically in the context of natural resources like oil, gas, minerals, or water. Having extensive reserves implies that there is a significant stockpile available for use, which can be beneficial for ensuring long-term sustainability or meeting future demand.