REPORTING CODE DOWNLOADS

2016 SAMREC/SAMVAL VERSION OF THE CODES ARE MANDATORY FROM 1 JANUARY 2017

Whilst Covid-19 continues to affect us and create a great deal of uncertainty, it also brings with it an opportunity to shape how life will look once we have overcome this challenge. Governments worldwide are considering what happens next, and what world we wish to emerge into. The virus has been transformative, making people aware that global issues – whether they be a virus, climate change, or the way the world extracts and uses minerals and other raw materials – require a global response. With the overall aim of leveraging existing initiatives, techniques and policy to create a technical framework that removes the disconnect between operations and investment, a group of like-minded professionals is arranging an online conference where ideas, opinions, anecdotes relating to responsible mining and raw materials can be discussed and debated.

  • SAMREC
    • To reassess all the standard definitions occurring in the SAMREC Code
    • To assess the impact (if any) of technology on SAMREC requirements.
  • SAMVAL
    • To further involvement in IMVAL
    • To progress issues of registration for Competent Valuators.
    • To promote a sense of ethics in Competent Valuators based on the SAIMM and GSSA Codes.
  • SAMOG
    • To do a review of the current SAMOG code based on the experience of the last two years and some changes currently taking place within both COGEH and PRMS.
    • To discuss proposed SAMOG code changes and how those might reflect upon the requirements for annual reporting of oil and gas companies
      To assess requirements for IMVAL vs SAMOG.
  • SAMESG
    • To review proposed requirements for ESG compliance section within SAMREC and Table 1 and hold workshop session(s) with relevant affected parties.
    • To engender support for voluntary inclusion of ESG content in AIR’s for a proposed new Squirrel Award.

Certainly, in the short term, these Committee meetings will be held by ZOOM/Skype. We urge as many interested and affected parties as possible to log in to these meetings and contribute to the progress of the Committees.

Check out our new SPONSORSHIP website page. We are actively seeking industry sponsorship to continue and extend the work of SAMCODES. SAMCODES is a not-for-profit organisation established to develop, maintain, administer, ensure compliance with and promote the South African Mineral Codes, collectively known as SAMCODES.

Harry McDougal Parker

1946–2019

Stella Searston, RM SME, MAIG, FAusIMM and Larry B. Smith RM SME, MSEG

Harry Parker 01Harry McDougal Parker passed away on 19 December 2019, as a result of complications arising from melanoma. Harry is survived by his wife Susan Kemper Parker, daughter Meg, son Winthrop, grand-daughters Angelina, Sofia, Layla, Sadie, Ashley, and Chloe, and sister Betsy. Harry and Sue enjoyed two days short of 51 years of marriage.

Harry was born in New York on 7 February 1946. Harry’s youth was spent in the outdoors while his father worked for the National Park Service as a ranger and naturalist at the Grand Tetons, Crater Lake, and Yosemite, as well as a stint at the NPS offices in Virginia. Harry was introduced to geology by his mother, Katharine, who had an AB in Geology from Radcliffe and a Masters in Religious Education from Union Theological Seminary. Geology courses for Radcliffe were taught at Harvard, where Katharine had to take notes from the hallway because women were not allowed in the classroom. She followed with graduate courses in geology at Berkeley. Harry was particularly proud that she later co-founded the Julian's Anchorage Home for Battered Women in San Diego.

samrec cover 2000 03032020 smallIn 1992 a committee was formed by GSSA, including GASA, in response to the Council of Mining and Metallurgical Institutions ('CMMI'), to compile the first South African Code for reporting mineral resource and mineral reserves. The final draft ('Draft 6') was presented in conjunction with the SAIMM for discussion at the 1994 CMMI Conference at Sun City and to the JSE Listing Committee. In 1994, the CMMI formed an ad-hoc International Definitions Group to create a set of international definitions for reporting mineral resources and mineral reserves with representatives from mining and metallurgical institutions from the United States ('SME'), Australia ('AuslMM'), Canada ('CIM'), the United Kingdom ('IMM') and South Africa ('SAIMM'). A breakthrough came in October 1997 when the CMMI International Definitions Group met in Denver, Colorado, and reached a provisional agreement (the Denver Accord) on definitions of mineral resources and mineral reserves. Dr Ferdi Camisani-Calzolari represented the newly formed SAMREC Committee in Denver. Concurrently, and since 1992, the United Nations Economic Commission for Europe (UN-ECE) has been developing an international framework classification for mineral resources and mineral reserves. A joint meeting was held in Geneva on October 4 1998, between the CMMI International Definitions Group and the UN-ECE Task Force. The SAMREC Committee has represented the international reporting fraternity through the Committee for Mineral Reserves International Reporting Standards (CRIRSCO) at the UN-ECE from 1998 to present day.

One of the requirements for Competent Persons is that they need to be registered with or be a member of one of a specified list of statutory or professional bodies (or RPOs). The following note is of specific interest for members of the GSSA and/or SAIMM who wish to use such membership to sign off on Public Documents (Competent/Qualified Persons Reports, Competent/Qualified Persons Valuation Reports, Annual Integrated Reports, etc).

Please note that this does not apply if you are also registered with one of the statutory bodies (SACNASP, ECSA or SAGC) or IMSSA and are using that registration.

No member of the GSSA or SAIMM may be signing off on a publicly released Competent Person Report or Competent Valuators Report using their GSSA/SAIMM membership as the accreditation body, without first going through the peer review process.

Since 2017, the by-laws of both the GSSA and SAIMM require peer review of Competent Persons/Valuators (who are using their GSSA/SAIMM membership as the accreditation body). This process is to be followed for each public, newly released Public Report.

Members of the GSSA or SAIMM, who wish to sign off on a specific public report must submit themselves to this peer review process. The purpose of the process is to confirm that a person wishing to sign off as a Competent/Qualified Person/Valuator satisfies all the requirements of a Competent/Qualified Person/Valuator, and that his/her professional status has been validated by his/her Professional Association – it does not imply competence or proficiency and the professional bodies do not take responsibility for the quality of reporting by such persons.

At the CRIRSCO Annual Meeting held in Washington DC (USA) in September 2019, South Africa’s Ken Lomberg was confirmed as the Chairperson for 2020.

Ken has more than years’ experience in the minerals industry (specialising in the platinum and gold sector). He has extensive experience in exploration and mine geology. His skill set provides expertise in the project management, mineral reserve and resource estimation fields.

Ken has undertaken Mineral Resource and Mineral Reserve estimations and reviews for platinum, gold, copper, uranium and fluorite projects. He has assisted with the reviews or estimation of diamond and coal projects. He has assisted or compiled Competent Persons Reports / Qualified Persons Reports (NI 43-101) for various projects that have been listed on the TSX, JSE and AIM stock exchanges.

Ken is also the Chairperson of the SAMREC Committee and is the SAMREC representative on the SAMCODES Standards Committee (SSC). He is heavily involved in the SSC’s education and training programmes.

Ken’s initial degree is a BSc (Hons) Geology and Geochemistry from UCT. Subsequently Ken has read for a B. Com (Statistics and Economics) (UNISA) and a MEng (WITS). Ken is a Fellow of the GSSA, a member of SAIMM and is registered with SACNASP as Pr.Sci.Nat.

Tania R Marshall has been actively, and continuously, involved in the alluvial diamond exploration/mining industry since 1985. She has worked directly for both large and small companies in this field, as an operator, and also as a consultant (in Africa, South America, Australia and Asia).

She has a PhD from the University of the Witwatersrand (1990). Since then she continues to write and lecture widely on the subject of alluvial diamond deposition, exploration, evaluation and valuation. In 1996 Dr Marshall founded EXPLORATIONS UNLIMITED and has been involved in consulting and contracting to numerous South African and international exploration and mining companies.

Dr Marshall is a Fellow of the Geological Society of South Africa (GSSA), a Member of the Southern African Institute of Mining & Metallurgy (SAIMM), a life Member of the Geological Society of Africa (GSAf) and is registered with the South African Council for Natural Scientific Professions (SACNASP) since 1996. In addition, she is an active member of both the SAMREC and SAMVAL Committees, chairs the SAMREC Diamond Working Group and is the Vice-President (Professional Affairs) of the GSSA.

Please download and use this latest version 202001_SAMREC Code with Table 1. This is the only version to be used from January 2020 – it contains edits and updates to Table 1, bringing it in line with the associated Excel version on the website.

Media release on behalf of the South African Guideline for the reporting of environmental, social and governance parameters within the mining and oil and gas industries (SAMESG)

The SAMESG Committee is excited to announce that the SAMESG Guideline is the recipient of the 2019 United Nations Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) Honours Award.

ISAR was established in 1982 by the United Nations Economic and Social Council. “ISAR reviews developments in the field of international reporting and promotes best practices for corporate governance. Within the context of Agenda 2030, ISAR contributes to the realization of the Sustainable Development Goals through enhanced transparency and sustainability standards for companies. The ISAR Honours initiative recognizes policy, institutional and capacity-building efforts of different stakeholders that encourage and assist enterprises to publish data on their contribution to the implementation of 2030 Agenda for Sustainable Development, and facilitate dissemination of good practices in this area” (https://isar.unctad.org/).

ISAR 2019 1 24012020Now in its second year, the ISAR Honours 2019 attracted 33 entrants from around the world and SAMESG received the Award for an Outstanding National Initiative to Advance the Sustainable Development Goals. In a ceremony held in the Palais des Nations in Geneva, Switzerland on 30th October 2019 the SAMESG Committee Vice Chair, Anneli Botha received the award on behalf of the Committee. Anneli commented that “The development of the SAMESG guideline was seen as an imperative considering that resources companies listed on the Johannesburg Stock Exchange, at that time, were not subjected to a formalized standard for reporting on ESG matters and determining their impact on mineral project reserves, resources and valuations. SAMESG draws extensively on existing international best-practice ESG guidance such as Agenda 21, the UN Global Compact, Equator Principles, the World Bank and IFC, and GRI guidelines and standards to name but a few. This was done intentionally to reduce reporting burdens and ensure comprehensive identification of core Triple Bottom Line interest areas and critical reporting indicators”.

Chairperson, Teresa Steele-Schober, a founding member of the SAMESG committee, noted that “the SAMESG guideline was developed collaboratively under the mandate of the SAMCODES Standards Committee (SSC) on initiation by Professor Frederick Cawood, the then Chair of the SSC, and delivered collaboratively under the leadership of our former chair Sarah Magnus and vice chair Anneli Botha. The SAMESG would not have become a reality without guidance provided by Doctor Tania Marshall, Kelly Redman, Ken Lomberg, Roger Dixon, and Andy Clay.

ISAR 2019 1 24012020We believe that this guideline, when applied diligently, has the potential to significantly improve the quality of information made available to investors in and shareholders of mineral resources companies in respect of environmental, social and governance considerations. Additionally, the SAMESG facilitates these companies demonstrating their contribution to the achievement of the Sustainable Development Goals within their area of influence”.

SAMESG is available at https://www.samcode.co.za/samcode-ssc/samesg

Contact – Teresa Steele-Schober – Chair: SAMESG, teresa@uvuna.com
Anneli Botha – Vice Chair: SAMESG, anneli@sustainconsulting.co.za

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.

CRIRSCO (Committee for Mineral Reserves Internal Reporting Standards) recently held its 2019 Annual Meeting In Washington DC, USA (9 -11 September 2019). The meeting was successful and included the opportunity for the various NROs (SAMREC is one of the14 National Reporting Organisations) to report back on their activities during the past year. Opportunity was given to a number of countries seeking to become members of CRIRSCO . These include Argentina, China, Peru, Philippines.
The CRIRSCO Template was finalised and will be released soon.
The meeting held a strategy session in which the path CRIRSCO will be taking in the next few years was discussed. The meeting ended with a workshop with the SME and SEC as well as an opportunity to meet with the SEC to foster relationships going into the future.
Ken Lomberg was confirmed as the Chairperson of CRIRSCO for 2020.
Thank you to the National Mining Association for hosting our meeting. The Meeting in 2020 will be held in Johannesburg, South Africa.

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PRESS RELEASE

The National Committee for Reporting Exploration Results, Mineral Resources and Reserves in India (NACRI) has become the latest member of the Committee for Mineral Reserves International Reporting Standards CRIRSCO India, further strengthening the adoption of internationally recognized and accepted reporting standards for solid mineral reserves and resources.

The Annual Meeting of CRIRSCO was recently held in London (17 – 19 September 2018) and attended by representatives of the 13 National Reporting Organisations (NROs). It was attended by Messrs. Roger Dixon and Ken Lomberg on behalf of the SSC. The meeting was held at The Institute of Materials, Minerals and Mining (IOM3)

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Andrew holds a B Eng (Chemical) and M Com (Financial Economics) and worked in production and project roles up to 2006, when his focus shifted to strategy, business development and valuation. He has spent several years as technical advisor to government committees overseeing the negotiation of mining conventions and rail and mineral terminal concessions. He has experience in valuing metals and minerals assets, including iron ore, manganese, chrome, copper, coal, gold and the platinum group metals. Andrew is on the council of the Southern African Institute of Mining and Metallurgy (SAIMM) and is a member of the Institute of Directors.

The SAMESG Committee drives the environmental, social and governance aspects of public reporting that is becoming increasingly more important in the minerals industry. Since 2014, the SAMESG Committee has been ably led by Mrs Sarah Magnus. During Q2/2018, the Chair has moved to Ms Teresa Steele-Schober.

Teresa has worked extensively in the mining industry as an environmental and sustainability professional. She started her working life as a geologist in the gold mining sector, after which she moved into the environmental field. She has worked at various mine sites and corporate functions in a range of commodities including gold, base metals, heavy mineral sands and coal. Her experience includes on-site management of environmental and sustainability issues including design, implementation and management of ISO14001 compliant environmental management systems. Teresa has worked in corporate advisory and reporting roles. She has significant experience managing sustainability issues on large capital projects, including the completion of project feasibility studies; risk assessment and management; and permitting processes. Teresa worked for a large multinational mining company before opening her boutique environmental and sustainability consultancy.

The SAMCODES Standards Committee (SSC) develops, promotes and ensures compliance with the South African Mineral and Oil & Gas Reporting Codes. These Codes comprise the SAMREC, SAMVAL and SAMOG Codes, and associated Guidelines. Governance of the Codes is affected through membership of Professional Bodies, through Statutory Registration of Earth and Geological Scientists and Engineers, and through the Johannesburg Securities Exchange (the JSE) Reader’s Panel.

The Securities and Exchange Commission (Washington DC October 31, 2018) announced that it has voted to adopt amendments to modernize the property disclosure requirements for mining registrants, and related guidance, under the Securities Act of 1933 and the Securities Exchange Act of 1934. The amendments will provide investors with a more comprehensive understanding of a registrant’s mining properties, which should help them make more informed investment decisions. The amendments also will more closely align the Commission’s disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards.

With the MRREC delegation training program hosted by the SSC in South Africa now concluded, we can reflect on the many positives that their visit has brought. It has further strengthened ties between South Africa and China, creating friendships and contacts across the two countries. It has also engendered a greater respect for South Africa’s mineral wealth and the role that the local industry has played in creating strong mineral reporting standards globally. As a showcase for the country’s consulting companies and software providers, it has proven a great succes

Datamine Africa successfully hosted a high-ranking delegation from Beijing, China on the 30th of October 2018.

Datamine sponsored the full day event, which was one of several, hosted in partnership with South Africa’s Samcodes Standards Committee (SCC).

While the focus of the event was to give an understanding of the role of the code in assessing capital markets, the delegation also got an introduction to how Datamine’s Software can be used during the entire mine planning process.

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An important Chinese mining sector delegation visiting South Africa was this week able to gain valuable insights from specialist engineers and scientists from SRK Consulting (SA), focusing on the range of factors that affect mineral resource and mineral reserve reporting and valuation. The delegation comprised members of the Mineral Resources and Reserves Evaluation Centre (MRREC) of the Ministry of Natural Resources in Beijing, who were hosted by South Africa’s Samcodes Standards Committee (SSC).

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