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Independent Technical Reports: Adding Value
Securities regulators worldwide have set in place formal guidelines regulating public companies and the technical information relating to mineral projects they must disclose for market-related reporting and financial investment. The mineral industry has developed guidelines to increase the relevance, accuracy and transparency of technical information that public companies disclose. Although the guidelines were developed for local markets, “CRIRSCO” has made recent progress in formulating an international reporting template. CRIRSCO is the Committee for Mineral Reserves International Reporting Standards), a committee of the National Mineral Reserve Reporting Organizations of Australia, Canada, Chile, South Africa, USA, United Kingdom and Ireland and Western Europe. The international reporting template encapsulates the content of the various reporting standards, but it does not supersede existing reporting standards at national levels.
As the number and type of regulatory requirements grows, it is increasingly difficult for mineral companies to be sure that the technical information they disclose complies under one or more of the securities regulatory frameworks.
SRK professionals are recognised “Qualified Persons” or “Competent Persons” under many jurisdictions. This status allows SRK to prepare independent technical reports on any mineral project because we are cognizant of the national regulatory requirements specific to each jurisdiction. SRK adds value to its clients when our professionals author independent technical reports, prepared according to the relevant standards, and file them under a format that allows efficient regulatory review.
Jean-Francois Couture: jfcouture@srk.com
Allan Moran: amoran@srk.com
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