Kindly note that the JORC website was recently amended. The JORC Executive decided to extend the deadline for submissions as a result of agreement between JORC and ASX to provide mutual briefings of the outcomes of the consultation processes prior to any public release of information.

The date for submissions to JORC and ASX is now 27 January 2012.

19 October 2010: Russia's minerals industry took another step towards better access to global capital markets last month when it signed a protocol to bring its resource reporting systems in line with the CRIRSCO template recognised in most established capital markets.

Working in collaboration with the Committee for Mineral Reserves International Reporting Standards (CRIRSCO) – an industry group that promotes best practice in mineral reporting standards – Russia's State Commission on Mineral Reserves (GKZ) plans to make it easier for prospective investors and financiers to evaluate mining projects in that country.

Signing the Guidelines on alignment of Russian mineral reporting standards and the CRIRSCO template on 28 September with GKZ director-general Yuri Podturkin, CRIRSCO chairman Roger Dixon said this was a milestone for the global minerals sector, given the significance of Russia as a mining power. "This process will help open doors to project financing from across the world's stock exchanges, and will give a well-deserved boost to Russian minerals exploration and mining," said Dixon.

"One of the main differences that has separated the CRIRSCO standards and those used by GKZ is the requirement in most mining countries that a resource definition includes a reasonable expectation of economic extraction, with the emphasis on economic – which is to say, economically viable," said Dixon. "This is one of the issues that the working group had to deal with when drawing up the guidelines."

Competent Persons and others interested in public reporting are advised that JORC has released a paper calling for comments on the 2004 JORC Code. Comments on the JORC Issues Paper and any other matters related to the JORC Code are requested to be provided to JORC by 16 December, 2011.

• Issues paper can be downloaded on the JORC website at:  http://www.jorc.org/pdf/2011_JORC_issues_paper.pdf
• Notice including the relevant information about the paper: Download here (.docx)

Interested parties are invited to comment on the specifications and guidelines that will be inserted as an appendix to the USC209 high-level classification system on sustainable energy. This is a high-level code that the United Nations would encourage nations around the world to adopt.
 
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