Risk is an inherent component of the mining industry and risk governance is an integral part of corporate assurance and business decision making. Similar to 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. Mineral Resources and Ore Reserves are the key assets of a mining company, and senior management, company boards and external stakeholders require assurance on the accuracy of estimated and reported technical information.
In this article, Mark Noppe discusses what small and large mining companies can do to improve their assurance processes and increase investor confidence in their key assets.
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