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Official report of the Expert Group on Resource Classification Print E-mail
Official report of the Expert Group on Resource Classification on the Geneva meeting of 28-30 April 2010
Download the PDF for more information.
 
Report of EGRC First Session, 28-30 April 2010 Print E-mail
A copy of the report of the First Session is now posted to the ECE website :  (under Documents).
 
Support the PERC response to the Committee of European Securities Regulators Consultation Paper Print E-mail
The SSC have been requested to support the PERC response to the  Committee of European Securities Regulators Consultation Paper with regards to:.
 CESR proposed amendments to CESR’s recommendations for the consistent implementation of the European Commission’s Regulation on Prospectuses nº 809/2004 (CESR/05-054b) regarding mineral companies.
The PERC response will be circulated when finalized.
DOWNLOAD THE PDF HERE...
 
IASB Discussion Paper, Extractive Activities Print E-mail

Download IASB Working group deliberations on IASB Discussion paper 28May2010.doc

IASB Discussion Paper, Extractive Activities. Comments would be welcome. Industry forums will be arranged to formalize comments from the SSC and the SAIMM”.

The International Accounting Standards Board (IASB) published today the results of an international research project on a possible future International Financial Reporting Standard (IFRS) for extractive activities in the form of a discussion paper – Extractive Activities.
A research team comprising members of the Australian, Canadian, Norwegian and South African accounting standard-setters analysed and discussed accounting for extractive activities with a wide range of stakeholders in order to identify a possible approach for a standard on the accounting for extractive activities. The discussion paper only contains the views of the project team – it does not represent the views of the Board. After considering the responses received on the discussion paper, the Board will decide whether to add the project to its active agenda.

Read full story here...

 
United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009 Print E-mail

United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009 discussed at Seventh session of the ECONOMIC COMMISSION FOR EUROPE
 
COMMITTEE ON SUSTAINABLE ENERGY
 
Ad Hoc Group of Experts on Harmonization of Fossil Energy and Mineral Resources Terminology

Seventh session
Geneva, 29-30 October 2009
Item 3 of the provisional agenda

Download the PDF document
See more on the unece website:

 
SAMREC and SAMVAL Code reprint Print E-mail
Hardcopies of the SAMREC and SAMVAL Code reprint are now available from the SAIMM secretariat.
 
UNECE Briefing on IASB discussion paper Print E-mail

UNECE Briefing on IASB discussion paper on Extractive Industries.
 
SAIMM - Johannesburg Branch technical presentation Print E-mail
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Download the registration form
 Topic: Mineral Resource and Reserve Reporting Codes – by Roger Dixon

Thursday 17 September 2009
17H00 for 17:30
at The South African Museum of Military History
The reporting requirements of international securities exchanges are becoming ever more stringent. Whilst the South African mining fraternity have had several years of exposure to the SAMREC and SAMVAL codes, developments afoot elsewhere in the world are sure to have an impact.
Roger Dixon is currently the Chairperson of the SAMREC/SAMVAL Committee and of the Committee for Mineral Reserves International Reporting Standards (CRIRSCO).

Please join us as he discusses the principles of the local codes and some of the challenges faced by Competent Persons in complying in the current business environment.  He will also discuss developments in National Reporting Organisations around the world and the reporting requirements of international securities exchanges.
Download the powerpoint presentation here.
 
Announcement of planned revision of the 2004 JORC Code Print E-mail
At its recent meeting JORC decided that the time was right to commence a revision of the 2004 JORC Code.

As in the past this process will involve the development of an exposure draft and a request for submissions from interested and involved parties. Following consideration of the submissions and incorporation as necessary, the final draft will be forwarded to JORC’s parent bodies (MCA, The AusIMM and AIG) for approval. Following their approval the draft will be forwarded to ASX and by ASX to ASIC for their final approval.
JORC envisage a two stage process for this revision.

1. A “tidying up” of the 2004 JORC Code to incorporate appropriate matters from recent ASX Companies Updates 05/04, 03/07 and 03/08). Several other minor inconsistencies will be rectified at the same time. It is not envisaged that material from Companies Update 11/07 dealing with historical and foreign estimates will be incorporated in this review as it deals with matters outside the operation of the JORC Code. An exposure draft will be issued for comment, expected to be in October this year, with comments restricted to the matters amended, prior to finalisation of this version of the “2004 JORC Code amended 2009”, which will be issued later in the year. JORC does not envisage any material changes in this first stage.

2. Immediately following the finalisation of the above JORC will call for public submissions on matters relating to the JORC Code. JORC would expect to consider matters for review ranging from recent revisions to other Codes and matters of concern to the exploration, mining and investment communities using the Code within Australia and New Zealand and those reporting in Australasian jurisdictions.

JORC note that there was a period of extensive public consultation in 2005 shortly after the release of the 2004 JORC Code on matters related to Inferred Resources and the results of this consultation were incorporated into ASX Companies Update 03/07.

JORC has established a number of sub-committees to undertake the initial review.

Peter Stoker
Chairman JORC
21 July 2009
 
Australian Geothermal Reporting Code Progress Report Print E-mail
To access the Geothermal Code, you can have a look HERE .
 
Life ban for Canadian-based former AusIMM member Print E-mail

3 July 2009
Media Statement – For immediate release

A geologist and former chief executive of Canadian-based company Southwestern Resources Corp, John Gregory Paterson, has been permanently barred from re-applying for membership of The Australasian Institute of Mining and Metallurgy (The AusIMM).

The Board of The AusIMM has ratified the lifetime ban on the recommendation of the Institute’s Ethics Committee. The Board has also directed that details of the penalty be published for the information of AusIMM members and other interested parties. The combination of lifetime ban and publication of the penalty is the most serious sanction that The AusIMM can apply against a person who has breached The AusIMM Code of Ethics. The Code exists to uphold the integrity of the mining professions and public confidence in the professional conduct of members.
Read more...
 
Thank you Matt Mullins Print E-mail
Matt Mullins the Vice Chairperson of the SSC and the Chairperson of the Main Working Group relocated, early in 2009, to Western Australia.  Matt is employed by BHP Billiton and his relocation was for business reasons. Matt was also serving as the president of the GSSA before his departure.

Matt played a very significant role in the revision of the SAMREC Code and the new SAMVAL Code both of which were officially launched last year. The SSC wish to thank Matt for his enormous contribution over many years to the committee and to the development of  the SAMCODES. We also wish him and his family everything of the best in their new home in Australia.

Mike O’Brien who has served on the SSC since inception has been nominated by the GSSA to take over Matt’s responsibilities. Mike will become the Vice Chairperson of SSC and the leader of the Main Working Group.
Roger Dixon
7 May 2009
 
Ferdi Camisani at UNFC Revision Task Force meeting Print E-mail

Ferdi Camisani will be attending the UNFC Revision Task Force meeting in Stavanger Norway from 2-4 March.
You can download the discussion documents below (docx):

Discussion Paper on Specifications and Guidelines for the United Nations Framework Classification for Fossil Energy and Mineral Resources (UNFC 2009)

DISCUSSION PAPER: UNFC, USER MANUALS, AND WORKING GROUPS

 
WORLDGOLD Conference 2009 Print E-mail

The Southern African Institute of Mining and Metallurgy (SAIMM), the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the Australasian Institute of Mining and Metallurgy (AusIMM) will jointly convene a World Gold Conference every two years. In 2009 it will be held in Johannesburg, South Africa and hosted under the auspices of the SAIMM. Some important aspects of the current mining environment will provide opportunities and threats for the industry in the foreseeable future, which include:

  • All-time high gold metal prices
  • All-time high non-gold metal prices present opportunities for By- and Co-products from gold operations
  • Minimal exploration success for the last 10 years and little immediate prospect for revolutionary success is leading to revisiting known ʻoldʼ (sub-marginal) deposits
  • Lower precious metal content
  • Increasing refractoriness
  • More energy efficient mining and processing

Click here to download the flyer

For More information and bookings, visit the WorldGold 2009 website

 
Mining in Africa Print E-mail

Mining in Africa
Held on the 11th of September at Nasrec during the course of Electra Mining.

Click below to download the presentations:
 
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