.UNFC as a tool for the sustainable management of CRM resourcesWORLD RESOURCES FORUM, 2017-10-24WS 4: Strategic Raw Materials and Sustainable Development By Erika IngvaldHead of Division, Mineral information and Mining Industry, The Geological Survey of Sweden

Purpose of our GuidanceMOVING BEYOND CLASSIFICATION TOWARDS MANAGING RESOURCES SUSTAINABLY• To help preparers and users of reserves and resources with numbers used in •Resource policy and strategy formulation, •Government resource management, • Industry business process management, and •Capital allocation• No changes to the UNFC• No changes to the various regulatory requirements set by Governments or accounting standard settersGuidance for the application of the UNFC-2009 for mineral resources in Finland, Norway and Sweden – a draft for public comments. EGRC 8th Session 2017

The UNFC adds the economic and social dimension and holds non-sales production for waste management. 3Source: http://www.unece.org/energy/se/reserves.htmlGuidance for the application of the UNFC-2009 for mineral resources in Finland, Norway and Sweden – a draft for public comments. EGRC 8th Session 2017

Coherence between the value chains ofGovernment and industry for an effectiveindustrial ecosystem4Mine closureMonitoringConsultation Consultation Application processEnvironmental permitExploration permit Environmental permitExploration Application processEnvironmental permit Exploitation permitConceptual studyEnvironmental legislationMining legislationIndustry operations Pre-feasibility study Feasibility study Pre-planning and design Construction OperationCommercial projectPotentially commercial projectExplorationproject Extractable non-sales quanitites and quantities remaining in placeUNFC-2009 value chainEIA Zoning planThe planning and building legislation

Guidance for the application of the UNFC-2009 for mineral resources in Finland, Norway and Sweden – a draft for public comments. EGRC 8th Session 2017

Bouncing up and down the E-axis?2014 – MMD, ok but appealed by EPA2012 – MÖD, ok 2009 – MÖD, ok -> to MMD for conditions2006 – application from company2013 – High Court sends back down to MMD2015, May – MÖD, case at rest, wait for gov. decision on new N2K2015, Aug – New N2K, by gov2017, Oct – MÖD opens case again2008 – MMD rejection2011 – MMD rejection, appeal2017, May – High Court, backing gov N2K

Guidance for the application of the UNFC-2009 for mineral resources in Finland, Norway and Sweden – a draft for public comments. EGRC 8th Session 2017 6

• GraphiteSweden – the geology

Guidance for the application of the UNFC-2009 for mineral resources in Finland, Norway and Sweden – a draft for public comments. EGRC 8th Session 2017 9Norway Largest producer of ilmenite/Ti-minerals in EuropeSwedenLargest EU-producer of iron oreFinlandLargest EU-producer of chromiumOPEN DATAHOSTED BY GTK:http://en.gtk.fi/informationservices/databases/fodd/

Guidance for the application of the UNFC-2009 for mineral resources in Finland, Norway and Sweden – a draft for public comments. EGRC 8th Session 2017 10• Lead the development of green and sustainable technologies• Reduce green house gasses from industrialproduction• Secure sustainable supply and extraction of minerals and metals for green technologies• Reduce institutional risks for investmentsthat depend on the use of land and water

Domains of application of the UNFC7Guidance for the application of the UNFC-2009 for mineral resources in Finland, Norway and Sweden – a draft for public comments. EGRC 8th Session 2017

Under revision after public comments!Guidance for the application of the UNFC-2009 for mineral resources in Finland, Norway and Sweden – a draft for public comments. EGRC 8th Session 2017 12

Guidance for the application of the UNFC-2009 for mineral resources in Finland, Norway and Sweden – a draft for public commentsDeveloped by: Kaj Lax, (SGU); Chairperson, Erika Ingvald (SGU), Berndt Pettersson (SGU), Kerstin Brinnen (SveMin), Hannu Makkonen (GTK), Janne Hokka (GTK), Kari Aasly Aslaksen (NGU), Tom Heldal (NGU), Mark Simoni (NGU),Per Blystad (Petronavit a.s); Administrator, Sigurd Heiberg (Petronavit a.s); Administrator Questions?1311Picture by Calle Eklund/V-wolf (https://commons.wikimedia.org/wiki/File:Stora_stöten_Falun_01.jpg), „Stora stöten Falun 01“, https://creativecommons.org/licenses/by-sa/3.0/legalcodeGuidance for the application of the UNFC-2009 for mineral resources in Finland, Norway and Sweden – a draft for public comments. EGRC 8th Session 2017