CIM Mineral Resource and Mineral Reserve Committee (MRMR)
On September 9, 2017, CIM Council approved the combination of two current CIM committees (CIM Standing Committee on Reserve Definitions and CIM Best Practices Committee) to form one new committee named Mineral Resource and Mineral Reserve Committee (MRMR). The mandate of MRMR Committee is to keep abreast of changes and advances in international MRMR classification, definition and reporting and recommend changes to the Standards as required; to maintain and update Standards; to undertake a program of industry and CIM member consultation prior to submitting definitions to CIM Council for approval; to provide a conduit between the industry, the CIM and the Canadian Securities Administrators (CSA) for dealing with comments, questions and issues arising out of the use of the Standards and including leading practice guidelines; to facilitate, in conjunction with the CSA, the incorporation of the changes to the Standards into NI 43-101; to continue representing the CIM and Canada on the Committee for Mineral Reserve International Reporting Standards (“CRIRSCO”) and to keep current CIM best practice guidelines.
Special Committee on the Valuation of Mineral Properties (CIMVAL)
On May 5, 1999, CIM Council approved the formation of a Special Committee on Valuation of Mineral Properties (CIMVal). The mandate of CIMVal is to recommend Standards and Guidelines for Valuation of Mineral Properties to be used by the mining industry in general and to be adopted by Canadian securities regulators and Canadian stock exchanges. The committee’s guiding philosophy and intent is that mineral property valuations be carried out by appropriately qualified individuals and that all relevant information be fully disclosed.
CSA-CIM Working Committee
The CIM MRMR Committee participates in a working group with the Canadian Securities Administrators (CSA) to help identify needs and provide the required expertise to build effective guidelines, standards and best practices. This Committee was formed in 2001.
The CSA brings forward areas in which they require CIM's contributions and guidelines development. This joint committee has contributed to the development of a number of documents and amendments.