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Fortification on two fronts-Courtesy of SRK Consulting
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Loading up-Courtesy of SRK Consulting
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Exploration drilling on a Lithium Project-Courtesy of SRK Consulting
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Slope Facies VCR overlain by amygdaloidal Klipriviersberg Lava, West Driefontein Gold Mine
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710ct diamond from Tchikapa River, DRC
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Bulk Sampling
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Exploration drilling
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Resource modelling
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SAMCODES Launch (JSE, May 2016)
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SAMCODES
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Sustainable mining
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TauTona Mine (AngloGold Ashanti)
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Latest News
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JORC Code published for comment
It has been anticipated for a long time and it’s finally landed. The draft updated JORC Code has been published for comment. The 90-day comment period ends on 31 October 2024.
You can find all the information here ... -
S-K 1300 FORUM PAGE – NOW OPEN
Following the successful “Implications of S-K 1300 regulations and disclosures for dual-listed companies on the JSE and NYSE” workshop and outcomes arising, the S-K 1300 Forum site is open to participants of the previous workshop to share material and ideas based on feedback after the first cycle of S-K 1300 reporting from the SEC. There is a Q&A and repository of all the webinar key learnings and developments. The major themes and flagged topics from the forum will inform a follow-up annual webinar and possible engagements with the SEC for the benefit of our local mining industry affected and impacted by the S-K 1300 regulations.
This forum does not constitute legal advice, it is a collection of opinions from various professionals involved in the mining industry and the SSC does not accept responsibility for individual comments.
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The SAMESG Quarterly Quiz results
The SAMESG Quarterly Quiz is NOW live! Test your SAMESG knowledge and challenge yourself with our latest quiz, available exclusively on the SAMCODES app. Check out our SAMCODES App User Guide for step-by-step instructions: https://lnkd.in/emT8976z -
Call for comment on proposed JSE Section 12 Simplification Project – due 27th May 2024 – Extended to 3 June 2024.
Extended to 3 June 2024
Amendments to the JSE Listings Requirements: Simplification Project
The JSE refers to its previous announcements on the Simplification Project. The JSE has released a further Section, being Section 12 (Mineral Companies).
As a reminder, a dedicated Simplification Project portal has been created through the link below, which forms the central database for the project.
https://www.jse.co.za/regulation/companies-issuer-regulation
The Section above includes the following documents for public consultation:
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Key Amendments Schedule identifying any amendments that are not consider simplification;
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Marked-up version of the Section; and
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Clean simplified version.
The JSE invites comments on the proposed amendments by close of business on Monday, 27 May 2024 - Extended to 3 June 2024, and comments can be sent to simplification@jse.co.za.Any queries or questions can be directed to alwynf@jse.co.za.Downloads:
SENS Announcement April 2024 Simplification Project Section 12
Section 12 Key Amendments Schedule April 2024 V1
Section 12 Simplified April 24 V1
Section 12 Mark Up April 24 V1
See more here https://clientportal.jse.co.za/communication/issuer-regulation-simplification-project
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Message from Sifiso Siwela, SSC Chairperson 2024 – 2025
The next year is an exciting one for the SSC with all the activities planned to include imminent updates to the SAMCODES and guidelines. A lot of emphasis will be placed on training programmes, as well as marketing and promotion of the SAMCODES through more local engagements and international liaison.Thank you to the Immediate Past Chairperson, Andy McDonald, for his leadership over the past two years and laying a solid foundation.
Thank you to the SSC and the respective Code Committees for their hard work and volunteering their time. The current Committee composition can be seen here https://www.samcode.co.za/contact-us
We would like to welcome Joseph Mainama as the Vice Chairperson.
Joseph Mainama, SSC Vice Chairperson 2024 – 2025
Joseph is a principal mining engineer and partner at SRK Consulting (South Africa) with 27 years of experience in the field. He has a strong background in operations, having worked in diamond, platinum and gold mines. Joseph specializes in mining studies across various commodities, ranging from scoping stage to feasibility level. His expertise includes mining project management, due diligence reviews, independent technical reviews, competent person's reports, feasibility studies, and mine optimization. Additionally, Joseph has conducted mining project close-out evaluations in platinum mines and ore reserve audits in chrome, copper, gold, manganese, platinum, and zinc mines.
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Webinar recordings
The CRIRSCO Template to UNFC Bridging Document, together with the Guidance Note was approved by the UNECE’s Expert Group on Resource Management in Geneva in April 2024. Article in the link below: https://unece.org/ media/press/390280 Watch the video here >>> 
Watch the video here >>> Watch the video here >>>
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SAMCODES App
SAMCODES have an App that allows one to access and search the SAMREC, SAMVAL and SAMOG codes, the JSE Section 12 Listing Rules as well as SAMESG and the Diamond/Precious Stones Reporting Guidelines. It is now possible to have the SAMREC, SAMVAL and SAMOG Codes in your pocket so that it can be available at any time and you don’t have to search through a PDF to find the detail you need. Download it from your preferred App Store Now.PLEASE HAVE A GO AT THE NEW SAMREC COMPETENCE QUIZ ON THE APP
Read More
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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).
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.