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United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009

image of United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009
The United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009 (UNFC-2009) is a universally applicable scheme for classifying/evaluating energy and mineral reserves and resources — it is the successor to UNFC-2004. Designed as an all-encompassing framework, it enables the incorporation and unification of existing national systems, while allowing their classification units and glossary to be retained. The principal objective of UNFC-2009 is to enhance international communication by providing a simple, user-friendly and uniform format for the reporting of energy reserves and resources, using market-based economic criteria.

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Preface

The United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009 (UNFC-2009) is a universally acceptable and internationally applicable scheme for the classification and reporting of fossil energy and mineral reserves and resources and is currently the only classification in the world to do so. As with extractive activities, UNFC-2009 reflects conditions in the economic and social domain, including markets and government framework conditions, technological and industrial maturity and the ever present uncertainties. It provides a single framework on which to build international energy and mineral studies, analyze government resource management policies, plan industrial processes and allocate capital efficiently.

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