Ministry of Mines and Energy. ANM. Bogota D.C. May 24th, 2018. After three years of efforts led by the National Mining Agency, Colombia has joined the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), a world famous entity supported by the International Council on Mining and Metals (ICMM) as the representative body of the mining industry concerning matters related to reporting and classification of mineral assets. We can clearly state from now on that Colombia has joined the big leagues of world mining.
CRIRSCO consists of entities responsible for issuing necessary standards and guides for the public reporting of exploration results, resources and mineral reserves, under the requirements demanded by the main stock markets worldwide, including those based in Toronto, London, Sydney and Johannesburg. Currently, it has 11 members, including two Latin American countries, Chile and Brazil. Peru and Argentina have attended the event with the aim of being accepted as part of the Committee.
This acknowledgement was accepted by the president of the National Mining Agency, Silvana Habib Daza, in the city of Ouro Preto located within the state of Minas Gerais in Brazil, during an event organized by the Brazilian Commission for Resources and Reserves, as well as by the Agency for the Technological Development of the Brazilian Mining Industry. Concerning this subject, the high level official underlined this historic achievement for the nation and for Colombian mining activities.
"This is truly a historical event: as the National Government, we are very proud of our mining industry, of our professionals, and of what we have achieved over the last few years. Despite challenges from difficult situations that have been faced by the sector, this kind of progress fills us with pride as a country and as miners, Habib Daza underlined, adding that she is satisfied by how the AMN has managed the articulation of this process. "As part of the Government and as the mining authority, we were the gears which brought together different strategic actors and led them towards the same direction."
Likewise, she highlighted Colombia's role as a country with mining tradition and mineral wealth, which has placed bets on the comprehensive management and handling of these resources under international guidelines, changing its paradigms, supporting miners in the development of good practices that properly respond to national productive chains as well as to market demands.
"As part of an indisputable decision that shows the trust in our industry and our professionals, the National Mining Agency mobilized the mining sector towards a common goal, towards achieving the national dream of establishing a Colombian Commission that would certify professionals according to their experience and following the guidelines of the Standard for Resources and Reserves. This was done with the aim of seeking even more transparency regarding the mining information sent to capital markets and investors as well as that sent to society as a whole, under the international industry standards," Habib Daza recalled.
Concerning the benefits that joining this Committee will bring to Colombia, the President of the ANM highlighted that this achievement will benefit all the aspects of Colombian mining and will open countless opportunities for the country, particularly emphasizing the assessment mining properties; competitive for concession holders within the global mining industry; financial leverage and access to risk capital; creating value within the mining industry with social and environmental responsibility; planning sustainable mining projects; and a recognition for our professionals through reciprocity agreements with CRIRSCO member countries.
"From the Government, we will continue promoting the best mining practices and the immediate need to keep giving Colombia competent professionals, recognizing the work they have carried out with dedication for a long time, producing knowledge as well as contributing to the efficient and correct extraction of our mineral deposits," she pointed out.