Kazakhstan has been unanimously elected to be the 10th member of CRIRSCO, the Committee for Mineral Reserves International Reporting Standards. The decision was announced by CRIRSCO chairperson Dr Harry Parker at a meeting in the Kazakh capital of Astana.
The National Reporting Organisation for Kazakhstan will be the KAZRC Association, which has developed the Kazakhstan Reporting Code (KAZRC). The Recognised Professional Organisation for Competent Persons preparing Public Reports will be PONEN. The KAZRC Association representatives on CRIRSCO will be Saule Urazayeva and Nikolai Yenshin.
Kazakhstan’s Minister for Investments and Development Asset Issekeshev was present and had earlier stated, “The objective of the Government was to adopt world’s best practice in the reporting of exploration results, mineral resources and mineral reserves.”
After the announcement by Dr Parker, he expressed his pleasure that his country’s efforts had been rewarded by being accepted as the tenth member of CRIRSCO.
Dr Harry Parker explained, “The CRIRSCO family of reporting standards is used by mining companies, investors and financial institutions on six continents. Kazakhstan’s adoption of the KAZRC will enable Public Reporting of Kazakhstan’s exploration results, mineral resources and mineral reserves to be in the format expected to support investors.”
Also present were Committee of Geology and Subsoil Use of the Ministry of Investment and Development chairman Bazarbay Nurabayev and deputy chairman Akbatyr Nadyrbayev.
CRIRSCO was formed in 1994 to develop common standards for public reporting of exploration results, mineral resources and mineral reserves. Members include the Joint Ore Reserve Committee of Australasia; the Society for Mining, Metallurgy and Exploration of the USA; the South African Mineral Resource Committee; the Canadian Institution of Mining, Metallurgy and Petroleum; the Comision Minera (of Chile); The Pan-European Reserves and Resources Committee; The National Association for Subsoil Examination (Russia); The Mongolian Professional Institute for Geology and Mining; and the Brazilian Commission for Resources and Reserves.
CRIRSCO is a strategic partner of the International Council for Mining and Metals, based in London.