SAMREC definition

SAMREC means the principles contained in the South African Code for Reporting of Mineral Resources and Mineral Reserves of 2016. The Company uses estimates and reports ore reserves and mineral resources in line with SAMREC;
Sample 1Sample 2Sample 3
SAMREC means the South African code for the reporting of exploration results, mineral resources and mineral reserves
Sample 1Sample 2
SAMREC means the principles contained in the South African Code for Reporting of Mineral Resources and Mineral Reserves of 2007, revised in 2009, also known as the “SAMREC Code”; Atlatsa Resources Corporation Management Discussion and Analysis of Financial Condition and Results of Operations for the three and six months ended June 30, 2015
Sample 1

Examples of SAMREC in a sentence

  • The JORC Code, PERC Code, SAMREC Code, and Certification Code use mineral resource and mineral reserve definitions and categories that are substantially the same as the CIM definitions mandated in the Instrument.

  • The MRE is reported in accordance with Canadian National Instrument 43-101 requirements and the South African Code of Reporting of Exploration Results (SAMREC), which is consistent with the CIM Estimation Best Practice Guidelines in Canada.

  • In declaring the resource, management would have had to obtain a specified level of confidence of the existence of the resource through drilling as required by the South African Code for Reporting Exploration Results, Mineral Resources and Mineral Reserves (SAMREC).

  • The Mineral Resources are classified in accordance with the SAMREC standards.

  • Further, the SAMREC Code requires estimates of foreign exchange rates, commodity prices, future capital requirements and production costs.

  • The marks mentioned in last column of the above table are the highest score which can be obtained by any participating organization.

  • The SAMREC code requires the use of information, compiled by appropriately qualified persons, relating to the geological and technical data on the size, depth, shape and grade of the coal body and suitable production techniques and recovery rates.

  • Once a bankable feasibility study has been completed the respective deemed capital contribution of each party will be credited by adding their contribution of measured, indicated, and inferred PGE ounces from the contributed properties comprising the WBJV, determined in accordance with the South African SAMREC code.

  • The proposed prospecting activities (including the drilling) requested as part of this authorisation is the only current viable manner in which a mineral resource can be identified and used to generate a SAMREC compliant resource which is a minimum requirement to determine whether it is economically viable to invest in mining activities in the area.

  • Once a bankable feasibility study has been completed the respective deemed capital contribution of each party will be credited by adding their contribution of measured, indicated, and inferred PGM ounces from the contributed properties comprising the WBJV, determined in accordance with the South African SAMREC code.


More Definitions of SAMREC

SAMREC means The South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves as from time to time in effect. If SAMREC is no longer in effect or no longer defines a term defined herein by reference to SAMREC, the Minister will by regulation after providing the holders of licenses issued under the Mining Law with opportunity to comment provide qualitatively similar sources for or definitions of terms defined in this Agreement by reference to SAMREC.
Sample 1
SAMREC means the principles contained in the South African Code for Reporting of Mineral Resources and Mineral Reserves of 2007, revised in 2009, also known as the “SAMREC Code”;
Sample 1

Related to SAMREC

  • Tabarru’ means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.

  • snippet means with respect to any Material Contract, a consent and agreement in favor of the Term Loan Collateral Agent (for the benefit of the Secured Parties) in substantially the form attached hereto as Exhibit F or otherwise in form and substance reasonably satisfactory to the Term Loan Collateral Agent and the Administrative Agent.","hash":"b253905eac2329f4ce5deee359573d97","id":7},{"snippetLinks":[{"key":"the-consent","type":"clause","offset":[6,17]},{"key":"dated-as-of","type":"definition","offset": [32,43]},{"key":"march","type":"clause","offset":[44,49]},{"key":"the-bank","type":"clause","offset":[72,80]},{"key":"sumitomo","type":"definition","offset":[87,95]},{"key":"heavy","type":"clause","offset":[96,101]},{"key":"industries","type":"clause","offset":[102,112]},{"key":"ltd","type":"clause","offset":[114,117]},{"key":"solely-for-purposes-of- section","type":"clause","offset":[120,150]},{"key":"borrower-and","type":"clause","offset":[173,185]},{"key":"certain","type":"clause","offset":[186,193]},{"key":"subsidiaries","type":"clause","offset":[208,220]}],"samples":[{"uri":"/contracts/8I1kKDYnIWF#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21},{"uri":"/contracts/ef30eXHgcuS#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21},{"uri":"/contracts/dwF8yXcI2kh#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21}],"size":6,"snippet":"means the Consent and Agreement dated as of March 30, 2009 by and among the Bank, SEN, Sumitomo Heavy Industries, Ltd. (solely for purposes of Section 2(b) thereunder), the Borrower and certain of Borrower’s Subsidiaries named therein.","hash":"e15b2264efd3078b83ce802817c2631f","id":8},{"snippetLinks":[{"key":"a-consent","type":"clause","offset":[6,15]},

  • SADC means the Southern African Development Community;

  • Salmon means Pacific Salmon of the species Oncorhynchus nerka including sockeye; Oncorhynchus kisutch including coho; Oncorhynchus gorbuscha including pink; Oncorhynchus keta including chum; and Oncorhynchus tshawytcha including chinook; anadromous whitefish and cisco (Coregonidae spp.); and anadromous Arctic char (Salvelinus alpinus).

  • IOSCO means the International Organisation of Securities Commissions.

  • Homemaker services means the professionally directed or supervised simple household maintenance or management services provided by trained homemakers or individuals to families in their own homes.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Holocene means the most recent epoch of the Quaternary period, extending from the end of the Pleistocene Epoch to the present.

  • CORA means the Colorado Open Records Act, §§24-72-200.1 et. seq., C.R.S.

  • PETE means polyethylene terephthalate, labeled by the SPI code #1.

  • ESMP or “Environmental and Social Management Plan” means with respect to each activity under the Project pursuant to which the ESMF requires it, a plan to be prepared by the Recipient pursuant to Section I.D.1 of Schedule 2 to this Agreement, in accordance with the provisions of the ESMF and approved by the Association, setting out measures to mitigate any adverse environmental and social impacts arising from such activities; and “ESMPs” means more than one ESMP.

  • Embalmer means any person engaged in the practice of embalming.

  • Growler means any refillable, resealable container complying with federal law.

  • ESMA means the European Securities and Markets Authority;

  • MREL means the Minimum Requirement for own funds and Eligible Liabilities as defined in Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms (as amended from time to time).

  • Roomer means a person occupying a dwelling unit that lacks a major bathroom or kitchen facility, in a structure where one or more major facilities are used in common by occupants of the dwelling unit and other dwelling units. Major facility in the case of a bathroom means toilet, or either a bath or shower, and in the case of a kitchen means refrigerator, stove or sink.

  • We/Us/Our means TATA AIG General Insurance Company Limited.

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • PSEA means the employers' association that is established for post-secondary institutions under the Public Sector Employers' Act and that is the employer bargaining agent for all institutions.

  • SAHRC means the South African Human Rights Commission.

  • Summer Season in any year, means the Season commencing on 01 April in that year;

  • First Storey means that part of a building having a floor area closest to grade with a ceiling height of more than 1.8 metres (6 ft.) above grade.

  • WARO means "weeks after the effective date for award of the contractual action".

  • Façade means the principal front or fronts of a building.

  • EPFO means Employees' Provident Fund Organization

  • STSMA means the Sectional Titles Schemes Management Act 8 of 2011, as amended and include the Regulations issued under the said act;