On Wednesday 11 August 2021, the 36th Annual IAS Awards for Excellence in Financial Reporting and Communication (Squirrel Awards) was held as a virtual event. The SAMREC/IAS Award for the best 2020 Integrated Annual Report in the Minerals Sector was once again awarded to Impala Platinum Holdings Limited. The award was accepted by Mr Theodore Pegram, Lead Competent Person (Mineral Resources) Executive – Mineral Resources.
ESG INQUISITION: The GSSA is hosting a two-day ESG Inquisition webinar event in the second week of August 2021. The main objective of the event is to gather industry views and input regarding the potential ESG reporting requirements when disclosing Mineral Resource and Mineral Reserve estimates in Competent Persons reports and also in the Annual Mineral Resource and Mineral Reserve reports published by Mineral companies. The current version of the SAMESG (2017) Guidelines is being redrafted and the event will strive to obtain industry views on potential improvements. It is perceived that general confusion regarding the purpose of the SAMESG guidelines needs to be clarified as well as the integration between Annual Sustainability /ESG reports and Annual Mineral Resource and Mineral Reserve reports.
SAVE THE DATE (10-11 August 2021) for the ESG Inquisition. Attendance is free, but registration is required.
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 email@example.com 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:
Telephone: +27 83 415 9635
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 firstname.lastname@example.org
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%).
The 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:
Dr 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.
The 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.
The 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.
Since 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.
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.
WORKSHOP 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:
On 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.
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.
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.
Stella Searston, RM SME, MAIG, FAusIMM and Larry B. Smith RM SME, MSEG
Harry 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.
Last updated: 22/01/2019