Annual Meeting CRIRSCO 2016 was arranged supported by MEAI (Mining Engineers' Association of India) with respect to forthcoming joining of India to CRIRSCO.
1. Open CRIRSCO Session was dedicated to the reports delivered CRIRSCO members and India concerning a procedure for joining CRIRSCO, roles of Competent Persons in resources evaluation and reserves calculation; India also presented reports on current situation in the Indian mining industry, applicable legislation and minerals reporting practices.
All the reports are available in public part of CRIRSCO website in PDF and in private part (for members) in PowerPoint.
2. Closed Session
2.1. Joining by other countries
At the closed meeting, they discussed internal issues of CRIRSCO members concerning arrangement of joining of new countries, such as China, Philippines, Indonesia, Mozambique and South America (Peru, etc.).
2.2. Training arrangement
As for arrangement of training workshops, CRIRSCO management recommended considering the training process as two blocks:
1) workshops for competent persons dedicated to preparation and examination of reports made in compliance with international codes of public reporting on exploration results, mineral resources and reserves, and
2) training workshops for mining experts for the purpose of professional development and teaching the practices of performance of geological prospecting in the world.
CRIRSCO members acknowledged the need in methodical assistance to prepare materials for such workshops. Official presentations made by CRIRSCO were recommended for use as templates, provided that they keep the sense of information of and references to CRIRSCO rightholder intact.
2.3. Mutual recognition of NPRO and RPO
The topic of mutual recognition of national organizations of new members (Mongolia, Brazil, Kazakhstan) was raised due to complexity and time consumption related to such process. It was offered to prepare requests for mutual recognition as follows: professional associations send their requests to NPRO to be included on the list of recognized professional organizations. NPRO send requests to stock exchanges where they would like to be recognized. However, it is necessary to consider particular cases, as each NPRO has an individual structure. Therefore, the procedure of consideration of requests may differ. For example, request made by PONEN to CIM should be approved by securities commission and CIM members. Australian JORC informs stakeholders of recognition as soon as they receive approvals from member institutes. In Chili RPO is NPRO at the same time and the procedure is more complicated accordingly, because they are interested in mutual recognition of not only competent persons, but also codes. In the course of discussion they came to a conclusion that it was necessary to prepare reports in compliance with the standards applicable in the jurisdiction for recognition of competent persons in the jurisdiction of a different NPRO.
Please, find current recognition status of Kazakhstani specialists by codes of other countries in the table below
The issue of potential adoption of other codes in Kazakhstan provided for by the new subsoil code is still open. It will require a comprehensive analysis of potential use of such codes in Kazakhstan. The same will be required for application of KAZRC in other jurisdictions. Application of single KAZRC in Kazakhstan is offered as the most appropriate option.
The discussion also focused on recognition of the codes of different countries by stock exchanges to make it possible to prepare reports by domestic companies for listing process at the leading stock exchange in the world in compliance with the KAZRC Code. However, KAZRC should on its own conduct negotiations with leading stock exchanges (Toronto, London, etc.) for the purpose of recognition of the KAZRC Code. CRIRSCO will provide assistance, if applicable.
2.4. Updating CRIRSCO Code Template
Updating CRIRSCO Code Template was discussed in details by blocks; they came to a conclusion that it was required to update the aspects concerning environment, mine closure and reclamation, term “mineral waste” to be added to the glossary.
It was decided to add Table No. 2 to the Template to demonstrate the minimum required breakdown by disciplines and types of work for each stage of studies (Scoping Study, Pre-Feasibility Study and Feasibility Study) as well as a lit of minimum required sections (chapters) to be found in the Mineral Resource Estimate (MRE) or Due Diligence. Such supplements were offered by African delegation (Roger Dickson). The speaker introduced such to the updated edition of SAMREC Code and suggested adding such clauses to the CRIRSCO Template.
After approval of the final version of the Template relevant amendments should be introduced to all national codes developed on the basis of the CRIRSCO Template.
2.5. ISO standardization
Standardization issue was raised with respect to the events on ISO standards development for different industries. CRIRSCO decided not to participate in such events and recommended every national organization to be in charge for standardization on their own.
Cooperation with UNFC was discussed with respect to strengthening of cooperation with UN as a part of separation of functions between UNFC as a standard of governmental organizations and the CRIRSCO Code for companies, public reporting and stock exchanges.
2.7. CRIRSCO website
Support and updating of CRIRSCO website, mobile app development. It was decided to allocate budget to website updating.