> China I think burned half it's coal reserves in last 40 years.
As a point of nomenclature isn't that always the case for any resource?
Given that "reserves" are drill tested known quantities that are tested, proven, modelled, and queued up for mining .. most reserves having been taken past "economic feasibility".
Hasn't the usual pattern in mining for some three thousand years since the oiriginal Rio Tinto Gold Mine been that reserves are mined and as they are exhausted, an exploration phase ramps up to prove inferred resources and raise them to reserve status?
As a point of nomenclature isn't that always the case for any resource?
Given that "reserves" are drill tested known quantities that are tested, proven, modelled, and queued up for mining .. most reserves having been taken past "economic feasibility".
Hasn't the usual pattern in mining for some three thousand years since the oiriginal Rio Tinto Gold Mine been that reserves are mined and as they are exhausted, an exploration phase ramps up to prove inferred resources and raise them to reserve status?
eg: https://www.ga.gov.au/digital-publication/aimr2021/australia...