ICMM and CRIRSCO renew Memorandum of Understanding

The mining industry is a vital contributor to global, national, and local economies, and a powerful force for social progress in resource-dependent countries.

Effective mineral resource governance, through the transparent disclosure of accurate data and appropriate governance institutions, is key to translating finite natural resources into sustainable development. This begins at mineral exploration and continues through to the development and operation of a mine. Confidence in the accuracy of companies’ reporting and in the governance institutions regulating activities, is essential to earn trust from investors and other stakeholders.

CRIRSCO (the Committee for Mineral Reserves International Reporting Standards) was formed in 1994 as a volunteer-organisation to build trust with stakeholders by promoting the highest standards of public reporting of mineral deposit estimates and of exploration progress.