According to the Resolution of the Cabinet of Ministers of Ukraine on Approval of the Regulations on State Commission of Ukraine on Mineral Resources No. 1689 dated 10 November 2000, primary objectives of the State Commission of Ukraine on Mineral Resources are:
- to set conditions for mineral raw materials for the calculation of mineral reserves in the subsoil;
- to make decisions on the quantity, quality and degree of knowledge for explored mineral deposits and their readiness for commercial development.
In accordance with the assigned objectives, the State Commission of Ukraine on Mineral Resources:
- conducts state expertise of technical and economic calculations that justify conditions for mineral raw materials, verifies compliance of submitted drafts of conditions with the requirements of the most complete, cost-efficient and integrated use of mineral reserves, sets conditions for mineral raw materials for the calculation of mineral reserves of each deposit;
- sets recovery factors for oil, gas and condensate based on the conclusions of expertise, research and analysis of geological materials submitted by subsoil users considering their technological and feasibility study;
- approves conditions for the calculation of mineral reserves with medicinal properties based on balneological conclusions and expertise conclusions of geological and feasibility studies’ materials;
- conducts expertise of geological information on mineral reserves calculation and approves their volumes determining their quantity, quality, commercial significance, degree of geological and feasibility study and readiness for commercial development following the Classification of Mineral Reserves and Resources of the State Subsoil Fund;
- verifies feasibility studies on the distribution of previously explored mineral reserves between areas transferred for use and approves mineral reserves at such sites;
- issues recommendations on establishment of quotas for mineral extraction; ensuring the most complete extraction of mineral raw materials; ensuring the production of approved mineral raw material reserves within deposits and areas connected hydrodynamically or otherwise; ensuring economically or technologically justified production proportions of mineral types and varieties; prevention of negative social and environmental consequences of intensive mining;
- organizes state expertise of geological information on mineral properties of subsoil areas explored for the construction and operation of underground structures not related to mining; sets conditions for the assessment of their quality indicators and provides conclusions on the possibility of use according to the determined directions;
- participates in complex state expertise of projects for commercial deposit development, reconstruction of existing mining and processing complexes and their liquidation; verifies the justification, effectiveness and quality of project decisions of mining companies on the completeness of use of explored mineral reserves;
- prepares conclusions on expediency of designing, developing and mounting deposits based on preliminary estimated mineral reserves and putting them under experimental and commercial development;
- determines the belonging of oil and gas fields to the group of non-commercial and depleted deposits;
- conducts a preliminary review of prospecting and exploration materials on mineral deposits at any stage of their study in order to provide methodical assistance to executors; determines the degree of confidence of identified mineral reserves, commercial significance of deposits, the expediency of further geological exploration works;
- re-evaluates mineral reserves that have changed during additional geological exploration works, deposit operation, establishment of new conditions or for other reasons; prepares conclusions on the expediency of writing off mineral reserves from the state balance, their qualitative and quantitative re-evaluation;
- based on submitted materials that contain geological and economic assessment of mineral reserves, it determines the quality and reliability of performed geological exploration works, studies on the qualitative and quantitative indicators of mineral raw materials, hydrogeological, engineering-geological, technological, environmental and other special studies; prepares conclusions on the degree of Terms of Reference fulfillment for the exploration of mineral reserves, as well as recommendations on the elimination of deficiencies, including additional exploration works;
- analyzes and summarizes the results of expertise of the geological and economic assessment of various mineral raw materials and, based on them, provides recommendations on: improvement of quality and reliability of geological exploration works and time reduction for the exploration of mineral deposits; geological exploration works for further exploration and operation data comparison resulting in the establishment of adjustment coefficients for calculation parameters and quantities of explored reserves; preparation of thematic plans for research works on improvement of geological exploration methods and techniques, calculation of mineral reserves, completion of technological and analytical studies of mineral raw materials, study of mining-geological, hydrogeological and environmental conditions of the development of mineral deposits, conduction of geological and economic assessment of their commercial significance;
- develops and submits for approval the Classification of Mineral Reserves and Resources of the State Subsoil Fund according to the established procedure;
- develops, duly approves and submits for the state registration the regulatory legal acts that regulate the application of the Classification of Mineral Reserves and Resources of the State Subsoil Fund to individual deposits or groups of related minerals, and other regulatory legal acts that determine content, form and submission procedure for state expertise of materials with geological and economic assessment of mineral reserves; determines the procedure for the development of conditions for mineral raw materials;
- analyses the State Subsoil Fund of Mineral Deposits and its inventory;
- approves regulations in regard to geological exploration stages, methods of mineral reserves exploration and calculation, methods of justification and calculation of conditions for mineral raw materials;
- prepares materials from industry commissions for consideration by the Interagency Commission on Affairs of Mineral Deposit Discoverers, and submits its conclusions and proposals for approval as established by law;
- collects and analytically summarizes materials on mineral economics and geological and economic assessment of mineral deposits, conditions for mineral raw materials on the domestic and global market;
- maintains scientific and technical cooperation with the relevant authorities in other countries in matters within the competence of Commission;
- provides a unified scientific and technical policy for geological and economic assessment, state record and completeness of use of mineral reserves and other useful properties of the subsoil;
- performs other functions arising from assigned objectives.