REPORTING CODE DOWNLOADS

2016 SAMREC/SAMVAL VERSION OF THE CODES ARE MANDATORY FROM 1 JANUARY 2017
  • Scrubbing Plant at Finsch mine

    Scrubbing Plant at Finsch mine

  • Environmentally-conscious mining

    Environmentally-conscious mining

  • Mine modelling

    Mine modelling

  • MRREC Chinese delegation

    MRREC Chinese delegation

  • PetroSA refinery (Mossel Bay)

    PetroSA refinery (Mossel Bay)

  • Platinum Mineralisation

    Platinum Mineralisation

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6

Latest News

  • SAMCODES APP Launched

    SAMCODES APP Launched

    SAMCODES have launched 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 Guidelines for reporting.

    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.

    Go to the Google Play store and download it now.
    You are now able to download the app via the Android Store or you can follow the below URL from your Android device.

    https://play.google.com/store/apps/details?id=za.co.easyappcreator.android5a72bad2ac009

    The IOS/Apple version will be available soon.

    Read More
  • 1
  • 1

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).