REPORTING CODE DOWNLOADS

2016 SAMREC/SAMVAL VERSION OF THE CODES ARE MANDATORY FROM 1 JANUARY 2017
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  • 710ct diamond from Tchikapa River, DRC

    710ct diamond from Tchikapa River, DRC

  • Bulk Sampling

    Bulk Sampling

  • Exploration drilling

    Exploration drilling

  • Resource modelling

    Resource modelling

  • SAMCODES Launch (JSE, May 2016)

    SAMCODES Launch (JSE, May 2016)

  • SAMCODES

    SAMCODES

  • Sustainable mining

    Sustainable mining

  • TauTona Mine (AngloGold Ashanti)

    TauTona Mine (AngloGold Ashanti)

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Latest News

  • Sign-off on Public Documents using SAIMM/GSSA membership

    One of the requirements for Competent Persons is that they need to be registered with or be a member of one of a specified list of statutory or professional bodies (or RPOs). The following note is of specific interest for members of the GSSA and/or SAIMM who wish to use such membership to sign off on Public Documents (Competent/Qualified Persons Reports, Competent/Qualified Persons Valuation Reports, Annual Integrated Reports, etc). Read More
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  • New Website Page

    Check out our new SPONSORSHIP website page. We are actively seeking industry sponsorship to continue and extend the work of SAMCODES. SAMCODES is a not-for-profit organisation established to develop, maintain, administer, ensure compliance with and promote the South African Mineral Codes, collectively known as SAMCODES. Read More

  • Invitation to present at or join the Responsible Raw Materials online conference, 11-15 May 2020

    Whilst Covid-19 continues to affect us and create a great deal of uncertainty, it also brings with it an opportunity to shape how life will look once we have overcome this challenge. Governments worldwide are considering what happens next... Read More
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  • THE PRIORITIES OF THE CODES COMMITTEES FOR 2020 ARE

    • SAMREC
      • To reassess all the standard definitions occurring in the SAMREC Code
      • To assess the impact (if any) of technology on SAMREC requirements.
    • SAMVAL
      • To further involvement in IMVAL
      • To progress issues of registration for Competent Valuators.
      • To promote a sense of ethics in Competent Valuators based on the SAIMM and GSSA Codes.
    • SAMOG
      • To do a review of the current SAMOG code based on the experience of the last two years and some changes currently taking place within both COGEH and PRMS.
      • To discuss proposed SAMOG code changes and how those might reflect upon the requirements for annual reporting of oil and gas companies
        To assess requirements for IMVAL vs SAMOG.
    • SAMESG
      • To review proposed requirements for ESG compliance section within SAMREC and Table 1 and hold workshop session(s) with relevant affected parties.
      • To engender support for voluntary inclusion of ESG content in AIR’s for a proposed new Squirrel Award.

    Certainly, in the short term, these Committee meetings will be held by ZOOM/Skype. We urge as many interested and affected parties as possible to log in to these meetings and contribute to the progress of the Committees.

     Read More
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What is a Public Report

SAMREC Code Clause 3:

Definition

Public Reports are reports prepared for the purpose of informing investors or potential investors and their advisers on Exploration Results, Mineral Resources or Mineral Reserves. They include, but are not limited to, annual and quarterly company reports, press releases, information memoranda, technical papers, website postings and public presentations.

These Public Reports may be in printed or electronic media (including social media) and will include JSE circulars, reports as required by the Companies Act and reports for other regulatory authorities or as required by law.

Public Reporting refers to any documentation which may find its way into the public domain. It refers not only to reporting or documentation by companies listed on a Securities Exchange, but also includes documents compiled by/for private companies or individuals.

While every effort has been made within the Code to cover most situations likely to be encountered in Public Reporting, there may be occasions when doubt exists as to the appropriate form of disclosure. On such occasions, users of the Code and those compiling reports to comply with the Code should be guided by its intent, which is to provide a minimum standard for Public Reporting and the guidelines of materiality, transparency and competence, and to ensure that such reporting contains all information which stakeholders, interested parties, investors and their professional advisers would reasonably require, and reasonably expect to find in the report, for the purpose of making of a reasoned and balanced judgment regarding the Exploration Results, Mineral Resources or Mineral Reserves being reported.

Reporting Standards

Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves and SAMCODES STANDARDS COMMITTEE (SSC)
Friday, 29 January 2016 10:14

Attracting finance for exploration and mining ventures is a critical part of the resource business environment today, and there are a number of finance options available, including accessing private equity. With the increase in the number of non-listed (private) companies and individuals seeking to obtain financial assistance, it is important to appreciate that issues of public reporting are not confined to listed companies only. Under all circumstances, if Exploration Results, Mineral Resources and/or Mineral Reserves are reported publically (as defined in the SAMREC Code of 2016), and if said report is claimed to have been compiled in accordance with any of the SAMREC, SAMVAL or SAMOG Codes, then the report and the author are subject to the minimum standards and requirements of the relevant Code as well as the complaints procedure of the SAMCODES Standards Committee (SSC).