Overview of the Practical and Theoretical Approaches to the Estimation of Mineral Resources. A Financial Perspective

Mineral resources represent an important natural resource whose exploitation, unless it is rational, can lead to their exhaustion and the collapse of sustainable development. Given the importance of mineral resources and the uncertainty concerning the estimation of extant reserves, they have been analyzed by several national and international institutions. In this article we shall present a few aspects concerning the ways to approach the reserves of mineral resources at national and international level, by considering both economic aspects and those aspects concerned with the definition, classification and aggregation of the reserves of mineral resources by various specialized institutions. At present there are attempts to homogenize practices concerning these aspects for the purpose of presenting correct and comparable information.