Geoscientist 22.04 May 2012
A consultation on changes to the PERC Code (proposed to be renamed the ‘PERC Reporting Standard’)
is now open for comment and suggestion. The new draft code and the consultation questions can be downloaded from
http://www.perc.co/PERC2012draft.pdf and
http://www.perc.co/PERC2012consultation.pdf
The PERC consultation will close at the end of June, and all submissions should be sent by email in Microsoft Word .DOC or .DOCX, or PDF attachments by 17:00 British Summer Time on
30 June 2012, to
[email protected].
For any enquiries about this consultation, or to let us know of any problems in sending your comments, email the above address, or
[email protected].
Fellows of the Society are invited either to respond directly to PERC (stating their affiliation), or to write to the Society with views to be consolidated in a corporate Society response. To contribute to the Society response, email Mohammed Jahangir (
[email protected]) by
31 May.
About PERC
The Pan-European Reserves & Resources Reporting Committee, PERC, is the European equivalent of the Australasian JORC in Australasia, SAMREC in South Africa, and similar reserves reporting standards bodies in the USA, Canada, and Chile, and with them is a constituent member of the Committee for Mineral Reserves International Reporting Standards (CRIRSCO -
www.crirsco.com).
Representation on PERC covers major and junior mining sectors, industrial minerals, aggregates, coal, the investment and financial community and the professional accreditation organisations including the Institute of Materials, Minerals, and Mining (IOM3), the European Federation of Geologists, the Geological Society of London, and the Institute of Geologists of Ireland.
The PERC reporting standard is recognised by ESMA (the European Securities and Markets Authority), together with other CRIRSCO-aligned standards, for use in reporting mineral reserves, mineral resources, and exploration results on markets within the European Union, and is also accepted for reporting on stock exchanges in Canada. Because of the close similarity of all the CRIRSCO-aligned reporting standards, including the same classification system and the same set of standard definitions, it is also very simple to translate reports from one standard to another.