Solid Gold Podcasts #BeHeard The Crucible - Southern African Institute of Mining and Metallurgy (SAIMM)

SAMREC Code and its impact on the Minerals Industry | Nicole Wansbury and Ken Lomberg

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In this episode, Nicole Wansbury and Ken Lomberg delve into the South African Code for the Reporting of Exploration Results, Mineral Resources, and Mineral Reserves (SAMREC Code), a crucial framework for ensuring transparent and standardised reporting in the mining industry.

This episode features Ken Lomberg (former chairperson and current Director at Pivot Mining Consultants) and Nicole Wansbury (the new chairperson) explore the significance of this essential code, which has been setting the benchmark for responsible mineral asset reporting since 2000.

Managed by the SAIMM and GSSA, the SAMREC Code ensures that mineral resources are reported accurately and consistently across all commodities and geological environments. The discussion also covers key topics such as the pivotal role of Competent Persons (CPs), the importance of technical studies in guiding project development, and how governance is embedded within the code’s framework.

Don’t miss this insightful conversation about the code that continues to shape the future of mining and mineral reporting!
Chapters
  • 00:41 Introduction to SAMRAC Code and speakers' backgrounds
  • 02:01 Overview of SAMRAC Code and its importance
  • 05:23 History and development of SAMRAC Code
  • 08:29 Functionality and structure of SAMRAC Code
  • 17:51 Technical Studies and Project Development
  • 24:23 Governance and Compliance aspects
  • 29:53 Future developments and training opportunities
1 Feb English South Africa Business · Business News

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