From the Desk of the Chairperson

07 July 2026

Dear Colleagues

Retirement of Ms Annalie de Bruyn and Acknowledgment of Outstanding Contribution

Ms Annalie de Bruyn has reached a significant milestone in her distinguished career and announced her retirement from the JSE Limited (JSE), effective July 2026.

For the past 22 years, Annalie has served as a JSE representative on the SAMCODES Standards Committee (SSC). During this time, she has made an exceptional contribution to the development and advancement of the SAMCODES, as well as to the evolution and alignment of the JSE Listing Rules. Her expertise, dedication and leadership have played an important role in shaping industry standards over more than two decades.

The SSC would like to express its sincere appreciation and gratitude for

We extend our sincere appreciation to the Southern African Institute of Mining and Metallurgy and the Geological Society of South Africa for their valued support as co-patrons of the SAMCODES Standards Committee.

Your continued support and commitment play a vital role in upholding the integrity, credibility, and advancement of reporting standards within the minerals industry.

We also wish to thank our current sponsors for their generous funding contributions, which enable the Committee to continue its important work of maintaining the SAMCODES for the benefit of the industry. The sponsorship also enables the SAMCODES to be updated to ensure they remain relevant in a dynamic and evolving world.

Your partnership strengthens our collective impact and ensures that we continue to drive excellence and best practice across the industry.

 

 

The Johannesburg Stock Exchange (JSE) has announced that the Financial Sector Conduct Authority has published its approval of amendments to the JSE Listings Requirements dealing with the Simplification Project. Link below:

Read FSCA Approval Announcement

The simplified Listings Requirements will replace the previous version in its entirety and will come into force for new applicants seeking a listing on 13 January 2026 and existing issuers on 16 February 2026.

The new Section 14 Listing Requirements for Minerals and Oil/Gas have also been uploaded to our website here:

Download Section 14 (PDF)

and also available here on the JSE website:

View JSE Issuer Regulation

The Internation Valuation was hosted by the SAIMM and the SAMVAL Committee in collaboration with IMVAL, AusIMM, CIMVAL and VALMIN from 1 October to 3 October 2025 at the Maslow Hotel in Sandton, Johannesburg. The conference includes a masterclass on Day 1 and the Conference on day 2 and 3. The Conference highlighted mineral asset valuation methodologies and best practices in the context of an uncertain and rapidly changing landscape. Over 80 delegates participated in this event.

The SAMREC/SAMVAL Compliance and JSE Reporting Workshop, held at the Johannesburg Country Club on 29–30 September 2025, where the GSSA welcomed 80 delegates from across the mining and exploration sectors. The two-day event provided essential training for Competent Persons, covering the SAMREC and SAMVAL Codes, reporting standards, valuation approaches, and regulatory updates. Highlights included a celebration of 25 years of the SAMREC Code and engaging panel discussions on professionalism and the relevance of the codes.

The SSC was invited to participate in Day 2 of the annual DMPR workshop, where Tania Marshall, Joseph Mainama, and Sifiso Siwela delivered a comprehensive presentation to an audience of 20 regional managers from across South Africa. The session was chaired by Khangwelo Mphaphuli, who also serves as the DMPR representative on the SSC. Key topics covered included:

• Recent developments in the SAMCODES framework
• Updates to the Industrial Minerals Guidelines
• Best practices in bulk sampling and reporting of Diamond Resources
• An overview of the state of diamonds in South Africa

The session fostered valuable engagement, with participants providing constructive feedback and recommendations to support the ongoing evolution of the DMPR’s strategic direction.

As part of GeoCongress 2025, the SSC hosted an Introduction to SAMCODES workshop aimed at equipping participants with a foundational understanding of international mineral reporting codes and their relevance within the South African context.
Presented by Nicole Wansbury, Tania Marshall, and Sifiso Siwela, the session covered:

• The history and significance of the SAMCODES
• Principles of public reporting for Exploration Results, Mineral Resources, and Mineral Reserves
• Fundamentals of mineral asset valuation
• The role of the Competent Person
• The GSSA’s function as a Recognised Professional Organisation (RPO)

The workshop attracted 20 participants from both industry and academia, fostering meaningful dialogue and knowledge exchange.

The in-person workshop on Introduction to the SAMREC and SAMVAL Code came to life at the Visitor’s Centre Auditorium, Impala Platinum in Rustenburg, on Thursday, 27 March 2025. Led by Prof Steven Rupprecht, the session drew a full house with 90 enthusiastic delegates eager to deepen their understanding of the Codes.

As we celebrate the 25th Anniversary of the SAMREC Code, we have introduced a refreshed logo that symbolises our ongoing commitment to mineral reporting and the evolving role of minerals in a sustainable future.

• The Continent: This element represents the wealth of minerals found in our land. Many of these minerals are essential for modern technologies, particularly those that enable the transition to renewable and green energy.
• The Orbit: This continuous loop signifies the SAMCODES Committees' ongoing influence, engagement, and collaboration within the mining industry. It reflects our dedication to maintaining global best practices in mineral reporting and ensuring that our standards remain relevant in a changing world.

This new design not only commemorates 25 years of the SAMREC Code’s impact but also highlights its role, as well as the role of the SAMVAL and SAMOG Codes, in shaping the future of the mining and minerals industry.

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