Research on Reserve Classification of Solid Mineral Resources in China and Western Countries

Combined with the development and application of mining markets at home and abroad, the following understandings are obtained through comparative analysis of GB/T 17766-1999 Classification for resources/reserves of solid fuels and mineral commodities, GB/T 17766-2020 Classification for resources/reserves of solid fuels and mineral commodities and JORC Code. 1) GB/T 17766-2020 is more concise and efficient, focusing on the objective evaluation of economic value; 2) Since the form and connotation of GB/T 17766-2020 is similar to JORC Code and other Western norms, the implementation of GB/T 17766-2020 will be conducive to international integration; 3) A variety of factors caused the low recognition of domestic reports and small market influence. However, according to GB/T 17766-2020, we can gradually improve the recognition and influence by means of strengthening process management and responsibility to natural persons.