AIG initiated a project in May 2021 to randomly assess announcements of Exploration Results, Mineral Resources and Ore Reserves released by ASX listed companies. The initial objective of the project, undertaken by AIG’s Complaints Committee, was to assess the level of JORC Code compliance by Competent Persons, and identify areas of concern that could be
A baseline study has been initiated to recommend standards and mechanisms for assessing competence for resources industry professionals acting as Competent Persons in compliance with the JORC Code. A short survey has been developed to gather information to be used in the baseline study of competence issues, being prepared `as part of the current review of the
As part of the current JORC Code review, JORC has formed several working groups comprised of JORC members and selected contributors from industry. The working group topics include; Competent Person, Reasonable Prospects for Eventual Economic Extraction, ESG reporting, , Guidance, Reconciliation, Use of JORC for non-ASX reporting, and Risk. The Competent Person issue is unique
A summary of the results of the 2021 JORC Code stakeholder consultation survey has been released. The results include an outline of the demographics of respondents as well as the major areas of concern around the content and application of the Code revealed by the survey. The report can be obtained here; http://www.jorc.org/docs/jorc-summary-paper-of-key-issues-and-work-plan.pdf Additionally, there
July – August 2021 AIG’s informative, popular and affordable JORC Code training program is again being presented through a series of webinars during July and August. (commencing 28th July). The seminars are run at times to suit attendees anywhere in the world. The webinar content is continuously updated to ensure that training benefits from attendee
The Australasian Joint Ore Reserves Committee (JORC) has released for public submission an online survey seeking comment ahead of the 2021 review and update of the JORC Code. Submissions are open online at http://www.jorc.org/code-update.asp until 12th February 2021. The survey is the next step of the review process and will be followed by a summary
Do you have a passion for best practice in public reporting of exploration results, mineral resources and ore reserves? Expressions of interest are sought from Fellows and Members for a vacancy on the Joint Ore Reserves Committee (JORC). AIG has four representatives on the JORC Committee, responsible for representing the interests of AIG’s membership and,
Updated regulations to allow U.S. mining and exploration companies to report mineral resources resources. Competent person requirements also feature in the new rules for the first time. In October, the U.S. Securities and Exchange Commission (SEC) adopted a final rule that overhauls its existing disclosure requirements for mining company issuers. This represents the first major
The Asia Pacific Stock Exchange launched a new set of listing rules last week which are specifically aimed at mining and oil and gas companies. The rules will take effect from Monday December 14. It effectively creates a new exchange for public companies a new listing venue which have operations in Asia, Australia and the
