NATURAL RESOURCES CLASSIFICATION SYSTEMS

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Presentation transcript:

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

Principle Objectives Classification systems Consistent reporting and terminology Improved global communication Stability and security of supply Common understanding on a global basis Interpretation in different languages International energy studies World Bank etc

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 Energy a good example cross between oil and gas and mineral studies and renewables. Important to have classification systems which transcends different sectors

Provide a framework for… Corporate business process - capital allocation - operational management - corporate governance Financial Reporting - Stock Exchanges - IFRS (IASB) - World Bank

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)

Acknowledgements