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News
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 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.
The Canadian Securities Administrators (CSA) published proposed replacement (“the Proposal”) of NI43-101 to enhance CSA’s current mineral disclosure to provide investors with more relevant and improved disclosure. The Proposal closed for comment on 10 October 2025
The link below points to a video presentation by Craig Waldie, Senior Geologist with the Ontario Securities Commission on proposed changes to NI 43-101. The presentation was delivered to the Global Geoscience Professionalism Group (GGPG, where SSC Member Tania Marshall is currently the Chair) Members’ Meeting in July. It is available on the GGPG YouTube Channel here.
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 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 hybrid launch of the Industrial Minerals Guideline was held on 6 March 2025 at the Minerals Council South Africa offices in Rosebank, Johannesburg. The event was attended by 11 participants in person and 34 online. It featured active engagement and robust discussion among attendees.
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.
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 approved CRIRSCO ESG Guide is now available. Please click here for the guideline.
The Workshop will now take place at the Visitor’s Centre Auditorium, Impala Platinum, Rustenburg.
The objective of the Workshop is to supply the participants with the basics of the SAMREC and SAMVAL Codes. It intends to provide the professionals with a better understanding and appreciation of the South African reporting codes.Sufficient detail will also enable the mining engineer to benefit from this Workshop as real issues are raised during the course. The Workshop will be broken into four - 30 minute sessions structured to comprise of a basic introduction of the Codes and key definitions and principles.The second and third session will introduce the SAMREC and SAMVAL Codes and their application in Public Reporting. The final session will provide a number of case studies thereby enabling participants to fully benefit from the sessions.
Kindly note, registration closes on 26 March 2025. Please note late registrations will incur a R500 administration fee for registrations received after the closing date.
In September 2025, the SAMCODES Standards Committee (SSC), in conjunction with the Geological Society of South Africa (GSSA) and the Southern African Institute of Mining and Metallurgy (SAIMM) will be celebrating the 25th anniversary of the SAMREC Code (which was launched in March 2000). This will form part of the “Introduction to SAMREC/SAMVAL and the JSE Listing Requirements” workshop to be held as a hybrid event on 2-3 September 2025 (at the Johannesburg Country Club, Auckland Park)
We would ask all who have authored CPRS and other (public and/or private) technical reports in compliance with the SAMREC Code since March 2000 (or since they started business) to please provide us with the number of such documents; we don’t need anything more than the total number of SAMREC compliant documents authored. The purpose of this enquiry is to show widespread acceptance and usage of SAMREC. While the JSE Readers Panel has reviewed 282 SAMREC compliant Public CPRs over 25 years, we believe that the total number of such documents is significantly larger.
We would be grateful if you could send us this information at your earliest convenience, but before June 2025. Please send it to: Rob Ingram (jsereader@gmail.com) and cc to Tania Marshall (marshall.tania@gmail.com).
Organising Committee of the 25th Anniversary of the SAMREC Code
In keeping with the additional guidance provided by the Diamond and ESG Guidelines to SAMREC, the SSC recognised that a similar guideline for the reporting of industrial minerals was necessary. Following a year’s deliberation, and drawing on information from CIM, PERC and CRIRSCO, a draft Industrial Minerals Guideline has now been compiled in support of SAMREC. Even though most South African industrial minerals producers were represented on the committee compiling the Guideline, the SSC nevertheless makes the draft guideline available for public review.
If you have any comments, please provide these in writing to Sam Moolla at sam@saimm.co.za before 15 January 2025.
DOWNLOAD: SAMREC Industrial Minerals Guideline Document-draft_05nov24.pdf
| Andy McDonald, Chairperson of the SAMCODES ESG Working Group presented at the conference. Watch the video below. Download the presentation... |
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| Watch the video here >>> | Watch the video here >>> |
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| 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/ |
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The SAMOG Committee have recently revised the SAMOG Code and has issued it for public consultation. See the attached letter and draft SAMOG Code for review by all Interested and Affected Parties.
Closing date for comments has been extended to 15 January 2025, and must be sent to saimmadmin@saimm.co.za
DOWNLOAD: Public Consultation of the SAMOG Code Reivew Submission 14th November 2024.pdf
DOWNLOAD: SAMOG Code Track Changes for Public Consultation 14th November 2024.docx
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 ...
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
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.
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
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.
The JSE maintains Reader’s Panels which review all Competent Persons Reports and Mineral Asset Valuation Reports submitted to the JSE Limited. Such reports are reviewed for compliance with the JSE Listing Requirements that incorporate the relevant SAMCODES, and any other code recognised by the JSE for secondary listings, if required. Members of the Reader’s Panels are appointed by the JSE, based on submissions through the SSC and are recognised experts in the commodity and deposit under consideration.
If you would like to be considered for a position on the JSE Readers Panel, please send your (comprehensive) CV to sam@saimm.co.za by 5 November 2023. To find out more about the JSE Monitoring of Reporting Standards, please look at https://www.samcode.co.za/regulatory/stock-exchange.
The current mandate for the Readers Panel (as well as the JSE Section 12 Listing Rules) can also be downloaded from this web page, which mandate details the requirements for Readers and the expectations of the position.If you have any questions you may contact:
Sam Moolla
SAIMM Manager
Telephone: +27 83 415 9635
E-mail: sam@saimm.co.za
Website: www.saimm.co.za