Risk is an inherent component of the mining industry, and risk governance is an integral part of corporate assurance and business decision making. Like the requirements for financial, legal and environmental governance, assurance regarding the processes applied to data collection, estimation and reporting of Mineral Resources and Ore Reserves is required.
In this article, Mark Noppe explains why improved review and audit processes for Mineral Resources and Ore Reserves are crucial to provide senior management, company boards, and external stakeholders assurance on the accuracy of estimated and reported technical information.
This article was originally published in the June 2018 edition of the AusIMM Bulletin and is able to be viewed here.
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