The impact of calculation of resources and reserves on mining activity in Serbia

The appearance of interest of the world's most important mining companies i for investment in Serbia imposes the problem of harmonization of domestic legislation with foreign ones. In this paper, specific categorization and classification of mineral raw materials, which do not match in domestic and foreign practice, are treated. The existence of such a conflict of criteria in use for categorization and classification can lead to misunderstanding and create certain complications in business. The following sections outline some of the disagreements that are present in comparing our regulations with the world ones.