REPORTING CODE DOWNLOADS

2016 SAMREC/SAMVAL VERSION OF THE CODES ARE MANDATORY FROM 1 JANUARY 2017
  • Slope Facies VCR overlain by amygdaloidal Klipriviersberg Lava, West Driefontein Gold Mine

    Slope Facies VCR overlain by amygdaloidal Klipriviersberg Lava, West Driefontein Gold Mine

  • 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

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  • ESG – HAVE YOUR SAY!

    survey iconAll parties who are directly or indirectly involved with Mineral Reporting and sustainability reporting are urged to review the initial consultation document from the Working Group and to provide feedback via the survey that has been prepared for this purpose. Comments should be submitted via the survey link by no later than 24 June 2022. The SAMCODES ESG Working Group looks forward to receiving your input.

    PARTICIPATE IN THE SURVEY...
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  • NEW SSC CHAIR – ANDY MACDONALD

    ANDY MACDONALDAndy McDonald has been doing mineral asset valuations for more than 20 years. He is a Principal Engineer with SRK Consulting specialising in due-diligence audits, competent person’s and mineral asset valuation reports, and engineering studies. He is a registered Chartered Engineer through the Institution of Materials, Minerals and Mining in London and is a Fellow of the Southern African Institute of Mining and Metallurgy. He holds a BSc degree in Applied Mathematics, a MSc degree in Geophysics (cum laude) from the University of the Witwatersrand and an MBL from UNISA. He has 46 years’ experience in a range of activities in mining and light industrial industries.

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  • SAMCODES App

    samcode app screens

    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.

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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.