MINING industry leaders recently met in Perth to discuss the importance of the Joint Ore Reserves Committee’s (JORC) Code in promoting a fair, orderly and transparent capital market.
The ASX, assisted by the JORC’s parent bodies, The Australasian Institute of Mining and Metallurgy (AusIMM), Australian Industry Group (AIG) and Minerals Council of Australia (MCA), hosted the seminar.
Topics of discussion included the monitoring activities and the new disclosure measures aimed at improving reporting in the areas of the use of metal equivalents, reporting of Inferred Resources, and the availability of a Competent Persons Consent Form.
More than 400 people from the mining industry heard ASX managing director Rob Elstone open the seminar.
He stressed the role of the JORC Code in achieving a fair, orderly and transparent market.
“The creation of a JORC Code created a world first: the adoption of a practical and effective set of minimum reporting standards and guidelines for the mining industry,” Elstone said.