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SAMCODES   training
SAMCODES
CP 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.
SAMCODES
CP 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
SAMCODES
CP 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/CVs 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 didnt 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 CPs 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.
SAMCODES
TRAINING
SAMCODES
TRAINING
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
SAMCODES
TRAINING
 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 CPRs
Introduction to the SAMCODES
and JSE Reporting
SAMCODES
TRAINING
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
SAMCODES
TRAINING
 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
PARC
TRAINING POSSIBILITIES
PARC
TRAINING 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
SAMCODES   training

More Related Content

SAMCODES training

  • 2. SAMCODES CP 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.
  • 3. SAMCODES CP 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
  • 4. SAMCODES CP 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/CVs 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 didnt 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
  • 5. 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 CPs 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. SAMCODES TRAINING
  • 6. SAMCODES TRAINING 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
  • 7. SAMCODES TRAINING 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 CPRs Introduction to the SAMCODES and JSE Reporting
  • 8. SAMCODES TRAINING 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
  • 9. SAMCODES TRAINING 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
  • 10. 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 PARC TRAINING POSSIBILITIES
  • 11. PARC TRAINING 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

Editor's Notes

  • #4: SSC has NO statutory/regulatory authority and cannot enforce application of the SAMCODES we can only encourage their use and encourage other institutions to demand compliance where relevant
  • #6: Training is informed by: