PERC - Pan-European Reserves and Resources Reporting Committee

Following a series of mergers of professional institutions, the Reserves Committee set up by the Institution of Mining and Metallurgy in the UK, to set standards for reporting mineral exploration results, mineral resources and reserves has been re-constituted with a broader remit, as the Pan-European Reserves and Resources Reporting Committee (PERC).

PERC is the European equivalent of the Australasian JORC in Australasia, SAMREC in South Africa, and similar reserves standards bodies in the USA, Canada, and Chile, and with them is a constituent member of the Committee for (Mineral) Reserves International Reporting Standards (CRIRSCO - www.crirsco.com). Representation on PERC covers major and junior mining sectors, industrial minerals, aggregates, coal, the investment and financial community and the professional accreditation organisations including:-

Its principal activities will be:

• to manage and update the PERC Reporting Code, which is the successor to the former 1991 IMM code and the 2001 Reporting Code
• to represent the European region on CRIRSCO, the international body harmonising reserves reporting standards around the world
• to liaise with the London Stock Exchange, AIM, FSA, CESR, and other stock exchanges and regulators in Europe, to encourage them to incorporate into their rules the use of the PERC Reporting Code in particular and CRIRSCO-aligned codes in general
• to promote good practice in the reporting of mineral resources and reserves

The committee's membership reflects the interests of its sponsoring institutions and principal sectors of the minerals industry. Membership of the committee is open to participation by other minerals-related organisations within the region.

Further information about PERC may be obtained from chairman Wynand Kleingeld (wynand.kleingeld@googlemail.com), secretary Paul Gribble (paul.gribble@wardrop.com) or website manager Stephen Henley (stephen.henley@resourcescomputing.com).