Examples of SAMREC Code 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.
Further, the SAMREC Code requires estimates of foreign exchange rates, commodity prices, future capital requirements and production costs.
This standard provides a detailed framework for reporting on coal resources and reserves for the purpose of the Securities Exchanges and defines common terminology to be used in public reporting with the SAMREC Code.
Where a Competent Person’s Report (’CPR’), prepared in compliance with the SAMREC Code (or other Reporting Code), is appended to or supports the Valuation Report, the technical information can be incorporated by reference to the CPR and need only be summarized in the relevant sections of the Valuation Report.
The SOUTH AFRICAN CODE FOR THE REPORTING OF EXPLORATION RESULTS, MINERAL RESOURCES AND MINERAL RESERVES (the SAMREC Code, or the Code) sets out minimum standards, recommendations and guidelines for Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves in South Africa.
The Code does not apply to oil, gas or water.In this second edition of the SAMREC Code, the Code is presented predominantly in normal typeface.
For background information and the history of the development of the Code, please refer to the SAMREC Code, March 2000.
However, where Mineral Asset Valuations depend on Exploration Results, Mineral Resources, and Mineral Reserves, these should be compliant with the SAMREC Code, and signed off by a Competent Person in in accordance with the requirements of the SAMREC Code.
An NTP is subject to, and must comply with, the applicable requirements for letter contracts in FAR 16.603 and the requirements in this section, and be definitized by an EPA FCS 1102 contracting officer.
The report was compiled in compliance with the South African Code for Reporting of Exploration Results, mineral resources and mineral reserves (2016 Edition) (or SAMREC Code), and in terms of the specifications embodied in the Standards of the South African Code for the Reporting of Mineral Asset Valuation (2016 Edition) (or SAMVAL Code).All requirements of the JSE Section 12.9 Listing Requirements and the SAMREC Code (including Table 1) and SAMVAL Code have been complied with.