SAMCODESCP FRAMEWORK

Suitably qualified and experienced persons who are subject to an enforceable Professional Code of Ethics (statutory/ professional registration).

Registration

• Statutory bodies

• Professional bodies / learned societies

• Recognised Professional Organisations (local/international)

Technical Competence /Experience

• Minimum five years relevant experience in the deposit type or mineralisation style; and in the category of reporting;

• Expectation of continuity of experience

• Expectation of Continuous Professional Development.

Persons being called upon to sign as a Competent Person must be clearly satisfied in their own minds that they are able to face their peers and demonstrate competence in the commodity, type of deposit and situation under consideration.

SAMCODESCP FRAMEWORK

Professional

Membership of GSSA/SAIMM obliges member to uphold all the principles and tenets of the SAMCODES

• Geologists/Mining Engineers who compile documents must do so with due recognition of the Codes

o Must comply with principles/terminology/ethics

• Include Accountants, Auditors, Corporate Finance professionals, SACVPV

Regulatory

JSE requires SAMCODE compliance for all Minerals Companies

• FSB to institute compliance for all (South African) Stock Exchanges with a Minerals/Metals board

Governmental

CGS requires compliance with principles and terminology.

DMR to require compliance with principles and terminology

SAMCODESCP FRAMEWORK

Readers Panel

All documents submitted to the JSE get reviewed for compliance with JSE Listing Rules and also SAMREC/SAMVAL

• Solid Minerals Panel, O&G Panel

• Practicing, registered CP/CV’s with +20yrs relevant experience

• Author remains responsible for their report in perpetuity

Complaints Procedure

Any natural person may put in a complaint if they feel that any public document is fraudulent or non-compliant with SAMCODE principles

• Cannot complain that the project was bad or didn’t turn out as expected; only if the reporting was fraudulent or non-compliant

• Not a substitution for due diligence

Affiliated professional and statutory bodies have an enforceable Professional Code of Ethics

• Disciplinary actions may range from simple re-issuing of document, through fines and obligatory training, to suspension of membership

Requirements for Competent Persons Introductory

• University (Post-graduate) level

• Junior/field geologist and Mining Engineer

• Non-technical professionals

o Specialised requirements

• Government agencies

• Academics

Advanced • Mineral Resource Managers

• Practicing consultants

• Academics

Feedback from: Readers Panel

• Identifies issues within the Codes where CP’s have had difficulty reporting correctly

• Annual formal report-back session at the SSC to highlight issues

• Informal, on-going discussions with Chairperson of Panel

Complaints• Identify specific clauses within the

Codes where non-compliance has arisen (typically as a result of lack of clarity/understanding of the Code)

• Annual formal report-back session at the SSC.

SAMCODESTRAINING

SAMCODESTRAINING

SAMCODE Workshops

Introductory, three-day course

• On-site, Video-conferencing

Advanced, two-day course for SAMREC/SAMVAL

• On-site only

Specialised, one-day courses

• SAIMM Diamond Conference

• DMR

• JSE Non-technical Professionals

o Auditors, accountants, corporate finance

SAIMM three-day Valuation Workshop – biannually

Two-day Compliance Conference –biannually

• Industry best-practice

• Lessons learnt

Awareness Presentations

SAIMM Young Professionals Conferences

GSSA Geo-skills Conference

GSSA Exploration Conference

Any local or international commodity conference (in RSA)

• AAPG, Platinum, IGC, GeoCongress

SAMCODESTRAINING

Background, Historical Context and the Professional Environment in South Africa

The Competent Person – the role of the GSSA (Professional Association)

The Competent Person – the role of SACNASP (Statutory Organisation)

Comparison of International Codes

Introduction to SAMVAL

Valuation Methods

Introduction to SAMOG

O&G Readers Panel

Reporting according to the SAMREC Code

Diamond Resource/Reserve Reporting

Coal Resource/Reserve Reporting

The Competent Person – Competence and Responsibility

JSE Section 12 Listing Regulations

SAMESG application

Professionalism, Ethics, CPD

The Readers Panel Solid Minerals

Financial Implications of CPR reporting

Pointers for compiling CPR’s

Introduction to the SAMCODES and JSE Reporting

SAMCODESTRAINING

SAMCODE Programmes

AV presentations series

• Total of 6-8hrs in 1-hr segments

Post-Graduate university level

Entry-level employees with limited SAMCODES background

Non-technical, corporate, management

WEBSITE

Guidance notes/papers

Updated quarterly

Other

Guideline documents on specialised issues, where relevant

Poster

Chapter in “Mineral Resources of SA Handbook”

www.samcodes.co.za

SAMCODESTRAINING

Cost Supported by two professional/learned societies with voluntary

membership and limited resources

Need to remain independent, so cannot get financial aid from usual suspects

Logistics Supported by two professional bodies with limited resources

Need to travel widely to provide effective training

Cost Money is tight across the minerals industry, so participants have

to select courses

Availability of presenters All presenters/trainers are volunteers

All practicing professionals – difficulty in synchronising diaries

Cost To provide training materials at nominal cost

AV courses, on-line courses

CHALLENGES

Pan-African Reporting Code (PARC)

Finalise details

Implementation date

Enforceability

Define requirements of Pan-African CP

Academic requirements

Experience

Registration

• Professional/Statutory

• International Alignments and Reciprocity

Specialised qualification?

Set up Training portfolio within PARC Provide sufficient financial &

logistical/administrative support

Identify target audience (end-user) Enforced/voluntary?

Specialised qualification requirements?

Corporate, governmental, consultants?

Cost structure and training materials

Identify regional and local training requirements Specific Stock Exchange requirements

Commodity-specific issues

Identify trainers/presenters Practicing professionals (writers/users of the

Code)

• Must keep up with latest international trends

Initially a small core group which could train/identify next generation

PARCTRAINING POSSIBILITIES

PARCTRAINING POSSIBILITIES

Provide series of AV lectures that can be made available to participating organisations, to be disseminated to:

Universities

Geological Survey

Ministry of Minerals & Energy

Other

Make available on-line courses/workshops

PARC specific courses

Other reporting Codes

Conference/Workshops

Awareness presentations by local/regional representatives

UNFC-AMEREC (PARC) Specific workshops within regional centres

Need to target:

End-users

University graduates

Policy makers

Trainers/presenters