The document discusses the importance of natural resource classification systems in providing a consistent framework for energy and mineral studies, resource management, corporate business processes, and financial reporting. Such systems aim to establish common terminology, improve global communication, and support stability and security of supply through a shared understanding on an international basis. The estimates and outcomes derived from these classification systems should be based on the work of competent experts.

1. NATURAL RESOURCES
CLASSIFICATION SYSTEMS
The starting point for successful
industrial strategy
ROGER DIXON
LOGO

2. EFG/UNECE conference “International collaboration on raw materials” | Brussels | 9 & 10 February 2017
Principle Objectives Classification
systems
• Consistent reporting and terminology
• Improved global communication
• Stability and security of supply
• Common understanding on a global basis

3. EFG/UNECE conference “International collaboration on raw materials” | Brussels | 9 & 10 February 2017
Provide a framework for…
• Energy and Mineral Studies
- defining policy
- strategic planning
- security of supply
• Resource Management Functions
- state and public companies
- strategic planning
- capital allocation
- policy setting and coherence

4. EFG/UNECE conference “International collaboration on raw materials” | Brussels | 9 & 10 February 2017
Provide a framework for…
• Corporate business process
- capital allocation
- operational management
- corporate governance
• Financial Reporting
- Stock Exchanges
- IFRS (IASB)
- World Bank

5. EFG/UNECE conference “International collaboration on raw materials” | Brussels | 9 & 10 February 2017
Users have….
• Common understanding
• Confidence in estimates
• Reduction of risk
• Successful outcomes
To achieve this the Estimates should be based
on the work of competent person(s)

6. EFG/UNECE conference “International collaboration on raw materials” | Brussels | 9 & 10 February 2017
Acknowledgements