The Geological Society of South Africa is establishing an ESG interest group with the intention of creating a ESG branch within the GSSA. The aim is to create and promote awareness of ESG reporting issues whilst creating a platform for the broader earth sciences community to interact and learn about ESG.

Watch this space for further information. If you wish to be part of this exciting initiative, please contact info@esg-gssa.co.za to be put on the mailing list.

 
The GSSA is creating an ESG Division.
Click here to read more.

The SAIMM Mineral Valuation Webinar is a series of three webinars with a focus on a broad range of valuation-related issues.

The GSSA hosted a two-day ESG Inquisition webinar event in the second week of August 2021. The main objective of the event was 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.

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

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:

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

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

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

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

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

On Friday 19th October the JSE hosted the MRREC delegation for a morning presentation on the JSE’s role within the SAMCODES, including the JSE Readers Panel and its Mandate. Senior members of the delegation had the opportunity of opening the market (on the podium, from right: Mr. Gao Limin - Deputy Director General, Ms. Pan Xinru - Division Chief, Mr. Zhang Huichang - Principle Section Member).

On Wednesday 17^th October the MRREC delegation from the Ministry of Natural Resources of P.R. of China underwent their first day of training at the Wanderers Club in Johannesburg. This 3-week training forms part of the requirements for China to become a member of CRIRSCO.

Day one saw the SSC Chair Matt Mullins, accompanied by SSC Vice-Chair Tania Marshall, SAMREC Chair Ken Lomberg, and Roger Dixon from SRK, give an introductory presentation to the 18-strong delegation.

The training is

Effective 1 October 2018 (based on SAMVAL Guidance Note 4.4), clause 4.4 of the SAMVAL Code has been modified from:
“The results from the valuation approaches and methods employed should be weighted and reconciled into a concluding opinion of value in accordance with Figure 1. The reasons for giving a higher weighting to one method or approach over another should also be stated and justified.”

To:
“The results from the valuation approaches and methods employed should be weighed and reconciled into a

Tania Marshall and Roger Dixon attended a workshop (along with Abdul Kenan and Matamba Tsanwani from the Council of Geoscience) on “Harmonization, Adaptation, Implementation and Development of the United Nations Framework for Classification (UNFC) in line with the African Mining Vision (AMV)” in Cairo, Egypt 2-6 October 2017, to share the experience that the SSC had in the development of the SAMCODES and in the establishment of training protocols.