What classification system does the mining industry use for reporting mineral resources and mineral reserves?
The JORC Code and Guidelines for Reporting of Identified Mineral Resources and Ore Reserves, a joint initiative of The Australasian Institute of Mining & Metallurgy, the Minerals Council of Australia and the Australian Institute of Geoscientists through the Joint Ore Reserves Committee, is widely used in Indonesia. Mining rights and title 6 Who has title to metallic minerals in the ground? Under Article 33 of the Constitution of the Republic of Indonesia of 1945, natural resources (ie, land, water and natural riches contained therein) are to be ‘controlled’ by the state and made use of for the people. As a result, the state (ie, the government of the Republic of Indonesia) is deemed to have title to minerals in the ground as well as to mined and processed minerals and metals. Parties granted mining rights under the Mining Law are in effect ‘contractors’ of the government and do not by virtue of holding mining rights acquire title to minerals in the ground or when mined. However, partie
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