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Time 2021-11-22 09:17:26Web Name: SAMCODES - Home
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keywords:SAMCODES Standards Commitee, The South African Mineral Reporting Codes description:SAMCODES Standards Commitee, The South African Mineral Reporting CodesREPORTING CODE DOWNLOADS
2016 SAMREC/SAMVAL VERSION OF THE CODES ARE MANDATORY FROM 1 JANUARY 2017The 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.
The results of this event can be downloaded here...
If you missed the event, you can catchup on the GSSA YouTube channel
Day 1
Day 2
SAMCODES APP
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/Precious Stones Reporting Guidelines. Download it from your preferred App Store Now.
The SAIMM Mineral Valuation Webinar is a series of three webinars with a focus on a broad range of valuation-related issues.
See more…
1 ESG Division
The GSSA is creating an ESG Division.
Click here to read more.
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 ReportSAMREC 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.
The SAMREC Code (771KB PDF)
The SAMVAL Code (335KB PDF)
The SAMOG Code (2.3MB PDF)
SAMESG Guideline (267KB PDF)
SAMREC Table 1 (62KB XLSX)
SAMREC Diamond Guidelines (319KB PDF)
The JSE Limited Listings Requirements
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Whether you have a complaint or a compliment, we would like to hear it so that we can make the SAMCODES more of what you, the user,
would like it to be.
If you have a suggestion regarding things that you think we should be doing (or doing better) or if you have an issue that you are passionate about that you believe we should be pursuing, please let us know – please give us detailed practical suggestions on how to do it, fund it, and how you might like to get involved in the process.
Simply click on the suggestion box
and fill in the form
– you may elect to tell us who you are, or you may remain anonymous. All serious suggestions will be considered.
The SSC will periodically publish a list of suggestions received and we will keep you updated on how we are addressing your concerns. Remember, however, that not all suggestions can be applied immediately, and some may not be practicable at all.
COVID-19 Announcement For accurate news about the COVID-19 outbreak, please visit:www.sacoronavirus.co.za Reporting Practices Do you have something to contribute in 1000 words or less? Send your contributions to info@samcodes.co.za
This quarter's submission Exploration Data and Exploration Targets
Tania R Marshall
In 2016 the concept of Exploration Results, Exploration Targets and Mineralisation was presented at the SAMREC/SAMVAL Companion Volume Conference (Emperors Palace). This was an explanation of Clauses 20-22 of the 2016 SAMREC Code. It was subsequently published in the December 2017 edition of the Journal of the Southern African Institute of Mining and Metallurgy (Marshall, 2017). Over the last four years, a number of issues have arisen as to the understanding of especially the terms Exploration Data and the Exploration Targets that they support. This paper seeks to clarify those concepts.
Download PDF SUBMIT YOUR IMAGESSend us your mining related photo and you could see it here info@samcodes.co.za
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Subcrop of the VCR against the Black Reef, Deelkraal Gold Mine, c. 1983 Contributed by Matt Mullins, GFSA Sedimentology Division Imbricated Lower Witwatersrand cobbles, in the VCR, East Driefontein Gold Mine, c. 1983 Contributed by Matt Mullins, GFSA Sedimentology DivisionLast updated: 22/01/2019
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