China Becomes Member of International Mineral Reporting Standards Committee

On October 21, the China Mineral Resources Appraisers Association (CAMRA) held a symposium in Beijing on its accession to the Committee for Mineral Reserves International Reporting Standards (CRIRSCO). A special resolution admitting CAMRA as the sole Chinese representative to CRIRSCO was unanimously approved by all CRIRSCO member organizations, making CAMRA the 16th member of CRIRSCO starting October 16.

Attendees stated that CAMRA's accession to CRIRSCO marks a significant milestone for China in actively participating in the formulation of international mining technical standards and promoting the globalization of China's mining technical standards. The full implementation of the "China Mineral Resources Appraisers Association Reporting Code (CAMRA Code)" across China's geology and mining sectors will enable comprehensive alignment with international mining technical standards, paving the way for Chinese mining companies to engage in cross-border mergers and acquisitions and enter international capital markets. This holds great strategic importance for promoting the development of China's mining economy and ensuring national energy and resource security.

According to a CAMRA official, the association will actively fulfill its role as a CRIRSCO member, deepen international mining cooperation, and contribute Chinese expertise and solutions to global mineral resource governance. In line with CRIRSCO's principles of transparency and materiality, CAMRA will further strengthen organizational management, standard systems, institutional development, and talent cultivation, with a particular focus on enhancing the competence and professional ethics of qualified persons. It will also reinforce industry self-regulation and continuously monitor public mineral resource reports and statements prepared by qualified persons to ensure the accuracy and reliability of the information provided.

The symposium was attended by approximately 100 participants, including CRIRSCO representatives, as well as officials, scholars, and technical experts from relevant departments and subordinate units of the Ministry of Natural Resources, the China Securities Regulatory Commission, the Shenzhen Stock Exchange, geological exploration units, relevant industry associations, mining enterprises, appraisal institutions, and universities. (Source: China Mining News)