REPORTING CODE DOWNLOADS

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

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 21 June, 2021. 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

During February 2021, all universities and other institutes of higher learning throughout Africa were given a link to FREE access to the “Introduction to the SAMCODES”, a 2.5hr online webinar presented by Prof. Stephen Rupprecht (University of Johannesburg, South Africa). This has been provided by the SSC and the SAIMM to offer universities a high-quality teaching resource that will be of benefit to all geoscience and mining engineering students throughout Africa.

If you missed out on your FREE link, please have your Head of Department send a request to sam@saimm.co.za

Did you know that some 22% of individuals who access our website do so from a mobile device? This number has risen from around 16% since the SAMCODES App was launched recently. It is now much easier for users to access the codes from wherever they are.

Over 48% of users are under 34 years of age, indicating (possibly) the interest that younger professionals are taking in the Codes. Users in the 18-24 year age range has increased almost 10% since all African universities were granted free access to a recorded version of Prof. S. Rupprecht’s “Introduction to the SAMCODES” course at the end of February 2021.

Unsurprisingly, the majority of our users (55%) are located in Africa, primarily South Africa. The balance are spread out over the Americas and Europe (29%) as well as Australasia and Asia (16%).

esg roundtable 08022021The INFACT project, PERC and Responsible Raw Materials co-hosted a series of virtual round table discussions on the inclusion of Environmental, Social and Governance (ESG) factors in reporting of mineral deposit estimates and exploration results globally on Tuesday 26th January. Speakers included advisors to and /or members of the different CRIRSCO codes or standards, as well as other organisations pertinent to the discussions. The event focused on the following aspects:

Ferdi Camisan10122020Dr Ferdi Camisani,
July 1939 – November 2020.

Ferdi Camisani was born outside Parma Italy just a few weeks after the declaration of World War 2. He was a student of the father of geostatistics, Georges Matheron in Fontainebleau, France and together with Danie Krige, wrote some of the first papers on the application of geostatistics in South Africa.
During his long career in South Africa he worked with De Beers, Anglo American the Atomic Energy Corporation and Anglovaal.

samcode app userguide 22012020SAMCODES 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/Precious Stones Reporting Guidelines.

Click here to download the User Guide (PDF 1.5M)

crirsco meeting22012021The first virtual meeting of CRIRSCO took place from 14-19 September chaired by Ken Lomberg the Chairperson of CRIRSCO. The virtual platform allowed the meeting to include additional delegates from the National Reporting Organisations (NROs) Various interested parties were also able to attend. This allowed a broader group to become familiar with the workings of CRIRSCO.

Six 3-hour sessions were held on each of the 6 days with as many as 75 participants on any given day joining from all corners of the world.
All of the 14 NROs were able to join starting at 12:00 GMT albeit with Canada at 5 am and Australia at 10 pm and everybody else in between. Each NRO presented the activities they have undertaken in the past 12 months. The details are on the CRIRSCO.com website.

Implats logoThe winners of the 2020 SAMREC/IASSA Squirrel awards for excellence in Integrated Annual Reports have been announced. The 2020 SAMREC/IASSA squirrel was awarded to IMPALA PLATINUM HOLDINGS (PTY) LTD for the second year in a row.

royal bafokeng logoSince 2017, a second Squirrel Award has been presented for the best Annual Integrated Report by a company with a market capitalisation less than ZAR15M. The winner of the Squirrel in this category for 2020 is ROYAL BAFOKENG PLATINUM LTD.

The SSC would like to thank Prof. Christina Dohm and her team of reviewers for the work done in adjudicating the IARS produced in 2019.

samval logo2

All of us working in the mining industry have a vested interest in being part of an industry that is viewed positively. The industry has made great strides in South Africa and globally in how all stakeholders are treated. Meaningful progress has been made in working conditions and in the interaction with host communities. Progress has also been made in protecting investors and facilitating investment into mining projects by large institutions and individual investors.

However, looking back, we see how tenuous these relationships are. Mining’s failures and misdemeanours have tended to leave lasting stains and leave the industry vulnerable to being judged on past mistakes and to more recent mistakes that readily overwhelm perceptions of the industry. We can see how much we are dependant on responsible behaviour by all participants if we are to continue to improve our reputation and be proud to be associated with this essential industry.

Progress in the industry has been greatly facilitated by collaborative endeavours and voluntary organisations. Companies and executives concerned about their reputations have collaborated to establish industry standards and norms that have tried to raise the bar for all participants. Failure to raise the bar, threatens the social licence of all mining companies. An accident in any part of the world can lead to disruptions for all operations as news is rapidly and widely distributed.

ESG Day Flyer smallWORKSHOP 4 NOVEMBER (ZOOM)
The importance of ESG in public reporting

The programme aims to provide an overview of why environmental, social and Governance (ESG) considerations are so important to the minerals industry from the perspectives of mining companies, investors, and external stakeholders.
Attendees will engage in discussions on key questions including:

  • what is the global importance of ESG?
  • what do investors think about ESG – do they even care?
  • what does South African legislation say about ESG?
 

John EtheringtonOn behalf of the UNECE secretariat and the Chair of the Expert Group on Resource Management (EGRM), David MacDonald, it is with great regret that we inform you of the passing of John Etherington.

John was a longstanding friend of EGRM and an active member starting in 2006 until 2017 when he withdrew from his roles for health reasons. He contributed to the development of the United Nations Framework Classification for Resources (UNFC) and was the founding Chair of EGRM's Technical Advisory Group. As Chair of the Technical Advisory Group, John led the development of UNFC’s sectoral specifications and bridging documents to the national systems of Russia and China. John's untiring efforts contributed to the global application of UNFC that we witness today.

samcodes CONFERENCE LOGO 09102020 3

The SAMCODES 2021 Conference will take place on 26-27 October 2021 (the precise format (face-to-face/hybrid meeting) will depend on prevailing circumstances and will be announced in due time.

SEE MORE AND REGISTER HERE ...

The 2020 Presentation of the IASSA Squirrel Awards has been postponed due to the COVID-19 coronavirus. It will be staged as a virtual event at a date still to be determined and couriers will be assigned to deliver the awards to the respective recipients.

ESG (Environmental, Social and Governance) issues are becoming more and more important globally. The Triple Bottom Line has come into focus since the mid-1990s. and in recognition, many mining companies are reporting to voluntary international standards such as IRMA and Responsible Steel.

While none of the international public reporting codes yet have a compulsory ESG component, the South African Guidelines for Environmental, Social and Governance (SAMESG) guidelines have been in place since 2016.

In order to promote voluntary compliance with the SAMESG Guidelines, the SAMCODES Standards Committee (SSC) is sponsoring an ESG Squirrel to be presented at the annual IASSA Awards ceremony at the JSE. The inaugural presentation of this award is expected to be in June 2021 (for AIRs compiled in 2020). More information will be provided in due time.

Environmental, Social and Governance (ESG) issues continue to be a priority for shareholders and investors alike. A superficial search of the internet indicates that a myriad of standards and guideline exist and that many companies globally voluntarily sign up to demonstrate their adherence to socially and environmentally responsible mining. Since 2017, South African Guideline for the Reporting of Environmental, Social and Governance parameters within the solid minerals and oil and gas industries (SAMESG Guideline) has been available to assist South African mining and exploration companies to navigate the essential ESG information that should be provided in Public Reports. The SAMESG was specifically designed to supplement SAMCODE compliant documents, but has attained international recognition – in 2019, SAMESG was the recipient of the United Nations Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) Honours Award for Outstanding National Initiative to Advance the Sustainable Development Goals.

So, how are South African companies doing in application of the SAMESG Guidelines – read more here (SAMESG Review)

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.