Mineral codes come of age

摘要

Public reporting of exploration results, mineral resources and mineral (ore) reserves benefits from considerable international conformity of terminology and practices, thanks to the efforts of the national reserves committees of Australia, Canada, South Africa, UK/Western Europe, USA and Chile, and of the international umbrella organisation, the Committee for Mineral Reserves International Reporting Standards (CRIRSCO). The Australasian Joint Ore Reserves Committee (JORC) Code and the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves are generally recognised as the earliest and most influential of the modern reporting standards. Canada enjoys a reputation as a capital market of choice for exploration and mining companies, while the USA is acknowledged as a highly influential global capital market where many of the major international mining and exploration companies have a single or dual listing. The draft of the UKAA/est European Standard, the Pan European Reporting Code (PERC) was launched last month at the Institute of Materials, Minerals and Mining (IOM~3), and will be finalised by December. Other regulations also apply to the reporting of exploration results, and mineral resources and reserves in each country, for example the National Policy 51-201 and National Instrument (Nl) 51-102 in Canada. Reporting companies and competent/qualified persons who sign-off exploration and reserve reports need to ensure they are familiar with all the requirements.