| About the SAMREC code |
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In 1992 a committee was formed by the Geological Society of South Africa (GSSA), including the Geostatistical Association of South Africa (CMMI), in response to the Council of Mining and Metallurgical Institutions (CMMI), to compile the first South African Code for reporting mineral resource and mineral reserves. The final draft (‘Draft 6’) was presented in conjunction with the SAIMM for discussion at the 1994 CMMI Conference at Sun City and to the JSE Listing Committee. In 1994, the CMMI formed an ad-hoc International Definitions Group to create a set of international definitions for reporting mineral resources and mineral reserves with representatives from mining and metallurgical institutions from the United States (SME), Australia (AusIMM), Canada (CIM), the United Kingdom (IMM) and South Africa (SAIMM). A major break-through came in October 1997 when the CMMI International Definitions Group met in Denver, Colorado and reached a provisional agreement (the Denver Accord) on definitions of mineral resources and mineral reserves. The definitions in the SAMREC Code are consistent with those agreed at the Denver Accord by the CMMI participants. In late 2004 the update of the SAMREC Code commenced, culminating in a revised version being issued in mid 2007. |