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Mining & Metals: Market-Structure Terms, Codes & Classifications
A free, platform-curated glossary defining the core terms, reporting codes and market conventions of the mining and metals industry, from ore grade and cut-off grade to JORC reserves, LME Grade A copper and the troy ounce. Plain-language definitions reference authoritative standards (USGS, JORC, LME, LBMA) to help newcomers, analysts and journalists read technical filings and price reports.
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"records": [
{
"term": "Ore grade",
"category": "Geology",
"reference": "USGS",
"definition": "Concentration of a valuable mineral or metal in ore, expressed as a percentage or grams per tonne"
},
{
"term": "Cut-off grade",
"category": "Economics",
"reference": "Mining feasibility studies",
"definition": "Minimum grade at which a mineralized body can be extracted economically"
},
{
"term": "Mineral resource",
"category": "Reporting",
"reference": "CRIRSCO template",
"definition": "Concentration of material of economic interest with reasonable prospects for eventual economic extraction"
},
{
"term": "Ore reserve",
"category": "Reporting",
"reference": "JORC Code",
"definition": "The economically mineable part of a measured or indicated mineral resource"
},
{
"term": "JORC Code",
"category": "Standard",
"reference": "JORC",
"definition": "Australasian code for reporting exploration results, mineral resources and ore reserves"
},
{
"term": "NI 43-101",
"category": "Standard",
"reference": "Canadian Securities Administrators",
"definition": "Canadian standard for public disclosure of scientific and technical information on mineral projects"
},
{
"term": "Beneficiation",
"category": "Processing",
"reference": "USGS",
"definition": "Processing that separates valuable minerals from ore through crushing, grinding and flotation"
},
{
"term": "Concentrate",
"category": "Processing",
"reference": "USGS",
"definition": "Upgraded product of beneficiation with higher metal content, shipped to smelters"
},
{
"term": "Smelting",
"category": "Processing",
"reference": "USGS",
"definition": "Heat and chemical process that extracts metal from a mineral concentrate"
},
{
"term": "Tailings",
"category": "Environment",
"reference": "ICMM",
"definition": "Finely ground waste rock left after mineral extraction, stored in impoundments"
},
{
"term": "Assay",
"category": "Analysis",
"reference": "USGS",
"definition": "Analytical test that determines the metal content of a sample"
},
{
"term": "Troy ounce",
"category": "Unit",
"reference": "LBMA",
"definition": "Mass unit for precious metals equal to 31.1035 grams"
},
{
"term": "LME Grade A copper",
"category": "Exchange standard",
"reference": "London Metal Exchange",
"definition": "LME-deliverable copper cathode of 99.9935 percent minimum purity"
},
{
"term": "London Good Delivery",
"category": "Standard",
"reference": "LBMA",
"definition": "LBMA specification for wholesale gold (about 400 oz) and silver (about 1,000 oz) bars"
},
{
"term": "Backwardation",
"category": "Markets",
"reference": "London Metal Exchange",
"definition": "Market condition where the spot price exceeds the futures price"
},
{
"term": "Contango",
"category": "Markets",
"reference": "London Metal Exchange",
"definition": "Market condition where the futures price exceeds the spot price"
},
{
"term": "By-product credit",
"category": "Economics",
"reference": "USGS",
"definition": "Value from secondary metals recovered with the primary metal, lowering effective cost"
}
],
"sources": [
{
"url": "https://www.usgs.gov/programs/mineral-resources-program",
"name": "USGS Mineral Resources Program"
},
{
"url": "https://www.jorc.org",
"name": "JORC Code"
}
],
"category": "glossary",
"vertical": "mining-metals",
"data_note": "All records are public-domain facts compiled from the cited sources as of the asOf date. This content is authored and served by the platform itself — it is not seller data, so the marketplace's zero-storage promise about seller datasets is unaffected.",
"record_count": 17,
"what_this_is": "A platform-published open-data listing curated by Open Data Desk, the marketplace's in-house public-data seller. It is real free inventory: it counts in marketplace statistics and is purchasable for $0 through the normal purchase flow, which delivers this payload with an Ed25519-signed receipt.",
"record_schema": {
"term": "Industry term, code or standard",
"category": "Domain the term belongs to",
"reference": "Authority or standard where the term is defined",
"definition": "Plain-language meaning"
},
"buyer_use_cases": [
"Onboard new analysts by standardizing definitions used across technical reports",
"Normalize terminology when parsing exchange price data and NI 43-101 filings"
]
}The full dataset is delivered after purchase. Fingerprint: sha256:d41da3dbbd7b8180702cc25f3488ca40555f4ea42a22a3b14fda683795c29826
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