Library Magazine Articles
CIM Magazine "Standards" column
The Standards Column in CIM Magazine is written by experts in the field, sharing information and know-how related to standards and guidelines for mineral definition and evaluation.
These columns include information related to:
- ► NI 43-101 and related international codes
- ► CIM resources/reserves definition
- ► Qualified People
- ► Practical information for following the standards and guidelines at work
Go the Standards section of CIM Magazine online.
Archive of Standards articles
Alexandra Lopez-Pacheco - Jun 2016
The CIM Commodity Price Guidance document has been updated for the first time since 2009.
Deborah McCombe - Apr 2016
Recap of CRIRSCO's 2015 Annual General Meeting in Brasilia, Brazil
Paul MacLean - Oct 2015
Nearly 20 years after it was first published, ISO 14001 has become the world’s most widely recognized environmental standard, with more than 250,000 mainly industrial organizations using it as a foundation for their environmental management systems (EMS).
Rod Webster - Oct 2015
Some problems that have been recognized recently in the estimation and reporting of Mineral Resources and Reserves
Paul Bankes - Aug 2015
The second in a two-part series on the updated CIM Definition Standards. The first part appeared in the May 2015 issue of CIM Magazine.
Paul Bankes - May 2015
The first in a two-part series that examines changes to CIM Definition Standards in detail.
Laurel Petryk & Greg Gosson - Oct 2014
It is easy to think that, because exploration programs are limited and there are no new material results to disclose on a property, the technical report on the property is still up to date. However, this is not necessarily the case.
Greg Gosson & Graham Wood - Mar 2013
Discount rates are dependent on many project factors and characteristics, including the marketability of the commodity to be mined, the location of the project, the stage of development, and the size and capability of the project’s owner.
Dave Mackintosh - Feb 2013
The benefits of using geophysical logs in potash exploration
Greg Gosson - Nov 2012
Since the new NI 43-101 rules took effect in June 2011, a number of mining companies were required to clarify or retract their PEA disclosure because CSA staff considered that they did not meet the new definition of a PEA, or were blurring the boundaries between the different types of mining studies.
NI 43-101 standards and best practice guidelines: data verification using geophysical logs when sampling coal
Ron Parent & Greg Gosson - Sep 2012
The benefits of using geophysical logs when reporting resource estimates in coal
Craig Waldie & Jim Whyte - Jun 2012
In order to be considered a QP for a specific project, the individual must have a certain level of education, accountability and relevant experience.
Craig Waldie & Daphne Wong - May 2012
Mining companies often face a wide range of environmental risks and challenges throughout the mining cycle, especially in relation to water. Investors need to be provided with meaningful information about these types of risks, if they are material to a mining company.
Craig Waldie and Jim Whyte - Mar 2012
The evaluation of mineral brines is complex, and Qualified Persons should either be hydrogeologists or engineers with adequate experience in salar geology and brine processing.
Klas Bockasten - Feb 2012
A new energy management standard – ISO 50001 – is set to provide the mining industry with technical and management strategies to increase energy efficiency, reduce operating costs and improve environmental performance.
Greg Gosson - Dec 2011
In their guidance to the definition of Inferred Mineral Resources, CIM has taken a strong position against the inclusion of Inferred Mineral Resources in economic analyses that will be disclosed to the public.
Luc Arsenault & Alexandra Lee - Nov 2011
Some changes in the June 30, 2011 version of NI 43-101
David Elliot - Sep 2011
As a result of the ongoing significant changes in the oil and gas industry, further amendments are under consideration, possibly for the end of 2012.
Dave Mackintosh - Aug 2011
The following discussion raises more questions than answers and is an attempt at stimulating further discussion of potash best practices that may result in a Potash Guideline useable by the SEC and CSA.
Robert Holland, Craig Waldie, Jim Whyte & Luc Arsenault - Jun 2011
The June 2011 version of NI 43-101 represents its first substantive review since it was first adopted in February 2001.
Deborah McCombe - May 2011
Highlights of the CRIRSCO annual meeting in September 2010 in Moscow
Craig Waldie - Apr 2011
As more ways of electronically disclosing information become available, mining companies need to remember that NI 43-101 is applicable to all public disclosure related to scientific and technical information.
Making rare earth element disclosure transparent and compliant: Getting the most out of other organizations’ practices
James Whyte - Feb 2011
When prices for rare earth metals rose sharply over the last five years, we saw junior mining companies take on rare earth projects and seek financing to explore them on the equity markets. Such events would not normally create a compliance problem. But, in the rare earth business, there were a few new twists that made clear disclosure harder to do.
Greg Gosson - Dec 2010
It is common practice in the mining industry to assess the economic viability of a mineral deposit/project at various development stages.
Stephen Henley - Nov 2010
The 2010 guidelines document provides general guidance for conversion from Russian classified mineral resources to international CRIRSCO-aligned classifications.
Deborah McCombe - Aug 2010
Standards for the estimation of mineral resources and reserves and valuation of mineral properties have advanced dramatically in recent years, and CIM members have taken a leading role in developing Canadian reporting standards.
Greg Gosson and Tony Lipiec - May 2010
The successful development of technically challenged mineral projects will require smart engineering. Investor confidence in those engineering solutions will require transparent disclosure by suitably qualified mining professionals. NI 43-101 has set the standard for both.
Craig Waldie and Jim Whyte - Mar 2010
National Instrument 43-101 (NI 43-101) sets standards for the disclosure of scientific and technical information. However, NI 43-101 does not regulate the procedures or practices used to collect, analyze or interpret this information — it places the responsibility of doing so upon the qualified person (QP).
Craig Waldie and Ian McCartney - Feb 2010
Occasionally, handheld XRF analyzers may provide significant and potentially material information about mineralization on a property. However, the qualified person (QP) preparing a disclosure must exercise professional judgement and be able to demonstrate the reliability of the information.
Deborah McCombe and Craig Waldie - Nov 2009
NI 43-101 is meant to be a living document that is revisited and revised from time to time to reflect changes in the industry.
Ed Sides - Sep 2009
A review of the evolution of reporting terminology highlights the fact that these terms have now been used in a similar context for exactly a century.
Deborah McCombe & John Postle - Aug 2009
On January 20, 2009, the Canadian Securities Administrators (CSA) launched a project to revise and update National Instrument (NI) 43-101 Standards of Disclosure for Mineral Projects.
Deborah McCombe - Mar 2009
In January 2009, the Canadian Securities Authorities’ (CSA) policy coordination committee approved a project for the revision of National Instrument 43-101, Standards of Disclosure for Mineral Projects (NI 43-101).
Deborah McCombe - Feb 2009
On December 31, 2007, a law that established the concept of a Competent Person in Mineral Resources and Reserves in Chile came in to effect. This was a result of a 5-year effort to parallel the system that other mining countries have already set up to improve investor confidence and support financings in the mining industry.
Greg Gosson & Laurel Petryk - Dec 2008
According to Section 1.1 of NI 43-101: “Technical report” means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report that does not omit any material scientific and technical information in respect of the subject property as of the date of the filing of the report.”
Andrea Waldie - Nov 2008
Love it or hate it, the licensure of professional geoscientists in Ontario is here to stay and is a legal requirement for practicing geoscience. In fact, all the provinces and territories (except PEI and the Yukon) have a licensure requirement. However, over the last several years some misconceptions, miscommunications and misunderstandings have emerged.
Bill Roscoe and Deborah McCombe - Sep 2008
Mineral property valuations are carried out for a variety of reasons, such as mergers and acquisitions, non-arm’s length transactions, initial public offerings of stocks, support of audited financial statements, fairness opinions, determination of vendor considerations, litigation, expropriation, income tax matters and insurance claims.
Pat Stephenson, Jean-Michel Rendu and Peter Stoker - Aug 2008
Public reporting of exploration results, mineral resources and mineral (ore) reserves now benefits from considerable international conformity, thanks to the efforts of national reserves committees in Australia, Canada, South Africa, the United Kingdom/Western Europe, the United States and Chile, and of the international umbrella organization CRIRSCO (Committee for Mineral Reserves International Reporting Standards). This article compares, on a high level, the reporting environments for three countries that are of considerable influence in the mining industry.
John Postle and Deborah McCombe - Jun 2008
This is the third in a series of articles about the Committee for Mineral Reserves International Reporting Standards (CRIRSCO). The first article was an interview with Niall Weatherstone, Chairman of CRIRSCO (CIM Magazine, February 2008) the second described the background and goals of CRIRSCO (CIM Magazine, March/April 2008).
Deborah McCombe - Mar 2008
This article is part of a series that will summarize the background and development of international resource and reserve reporting standards by the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), highlight its current activities and provide insight into international mineral reserve and resource reporting issues.
Deborah McCombe and Craig Waldie - Feb 2008
To potentially avoid NI 43-101 compliance issues with technical reports, there are several key principles that should be kept in mind by qualified persons when preparing technical reports.
Greg Gosson and Larry B. Smith - Dec 2007
The important thing is to be reasonable (not conservative, or excessively liberal) in the choice of parameters. The resource estimator should try to identify that material that has “reasonable prospects” but may not be reserves at this time.
Greg Gosson - Nov 2007
Item 5: Reliance on Other Experts of the Technical Report Form allows a qualified person to rely on a report, opinion or statement of a legal or other expert, who is not a qualified person, for information concerning legal, environmental, political or other issues and factors relevant to the technical report.
Armando Simón and Greg Gosson - Sep 2007
Geological quality control procedures are intended to monitor precision and accuracy of the assay data, as well as possible sample contamination during preparation and assaying.
Deborah McCombe - Aug 2007
The involvement of a Qualified Person (QP) in the preparation of scientific and technical information on a mineral property is a cornerstone of National Instrument 43-101, Standards of Disclosure for Mineral Projects (NI43-101).
Deborah McCombe - Jun 2007
There are a number of important dates that must be disclosed when a Qualified Person (QP) is preparing a technical report for securities purposes. The dates are discussed in NI43-101 and the Form of the Technical Report, NI43-101F1.
Greg Gosson and Deborah McCombe - May 2007
Under Canadian Securities law, qualified persons (QPs) are called upon to provide their written consent to the scientific and technical content in disclosure documents being filed by public mining and exploration companies. Most often the consent is provided by the qualified persons that prepared a technical report under NI 43-101 Standards of Disclosure for Mineral Projects. In this article, we explain the different triggers for consents under securities law, the timing for filing, and the required content of the consent.
Deborah McCombe - Mar 2007
One of the cornerstones of NI43-101 Standards of Disclosure for Mineral Projects is the technical report. The purpose of the report is to provide a summary of the scientific and technical information concerning mineral exploration, development, and production activities on a mineral property that is material to an issuer.
Deborah McCombe - Feb 2007
There is a myriad of rules, policies, and good practices that the management of companies, geoscientists, engineers, and many others associated with the mining company must have at least a basic knowledge of. This first article discusses due diligence and prospectus filings.