VALMIN Committee vacancies: express your interest!
The ‘Australasian Code for Public Reporting of technical assessments and valuations of mineral assets’ (the VALMIN Code) sets out requirements for the assessing and valuing of mineral assets and securities for public reports including those appended to prospectuses and independent expert reports.
The VALMIN Code was first published in 1995, with subsequent editions published in 1997, 2005 and 2015. It forms a companion code to the JORC Code that is currently under a public review process.
The VALMIN Committee was established to develop and maintain the Code and comprises representatives in equal number from the two parent bodies: The Australian Institute of Mining & Metallurgy (AusIMM) and the Australian Institute of Geoscientists (AIG). The Committee currently has a call for nominations to fill a number of positions and members are invited to submit an expression of interest (EOI). It is anticipated that a VALMIN Code update process will commence after release of the next JORC Code edition.
Participating in a committee is a rewarding experience and a great way to get involved with the AusIMM or AIG, help promote professional standards and meet new people working in the resources sector. This is a volunteer role and candidates must be financial members, be available to attend regular meetings via teleconference, and contribute towards the promotion and update of the Code.
It is intended to refer EOIs to the current committee who will then recommend appointments to the AusIMM and AIG Boards for approval. Candidates will be evaluated against criteria that includes, but is not limited to, the following:
- Experience with the Australian Securities Exchange (ASX) Listing Rules and guidance, the Australian Corporations Act, and the Australian Securities and Investments Commission (ASIC) Regulatory Guides.
- VALMIN and / or JORC Code practitioner, including preparing technical assessments and valuations applying the VALMIN Code
- Experience in fields such as feasibility study management; financial and securities analysis; or environmental, social, governance (ESG) and risk management reporting.
- Experience with tenement management and valuation codes in different jurisdictions is desirable but not essential.
If you believe you have the background and available time to give to this committee, please submit your expression of interest addressing the above criteria to contact@VALMIN.org by COB 20 November 2023.