Abstract
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.
Highlights
Changes in the economy system in our country, adapting to market mode of business, leave a trace in every spheres of economics
The Rulebook (Pravilnik, 53/79) of the classification and categorization of solid mineral raw materials and keeping records of them is in use
Because of different approaches in the categorization and classification of mineral resources, a very common case is the difference in the quantities and quality of mineral resources that are categorized as reserves in accordance with our and foreign practice
Summary
Changes in the economy system in our country, adapting to market mode of business, leave a trace in every spheres of economics. It is in mining, or wider, in an industry whose work is based on the use of mineral raw materials. To foreign, domestic private companies play an important role. We should point out that beside private companies, there are public enterprises for the production of coal as well as generating electricity, which are state-owned (EPS, RB Kolubara, TE-KO Kostolac, JP for REU, Resavica etc.). There are stock companies (production and processing of liquid and gaseous hydrocarbons) with majority share of foreign capital, but with state ownership over a certain percentage of shares (NIS A.D.)
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