JSE - Proposed changes to Sections 8 and 12 of the JSE Listings Requirements for
JSE
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JSE - Proposed changes to Sections 8 and 12 of the JSE Listings Requirements for
Mineral Companies and Companies with substantial mineral assets
On 10 April 2008 the SAMREC/SAMVAL Committee launched the revised SAMREC and
SAMVAL codes. The SAMREC code sets out a required minimum standard for the
Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves
whilst the SAMVAL code sets out a required minimum standard for Public Reporting
of Mineral Asset Valuation.
The JSE proposes to change Section 12 to provide for the following:
1 The details of and applicable time table for the Readers Panel to be
included.
2 Most of the detailed requirements for the Competent Person`s Report (`CPR")
are removed from Section 12 which now merely states that the CPR must
comply with the SAMREC and SAMVAL codes.
3 The detailed criteria to qualify as a Competent Person have been removed as
they are contained in the SAMREC code
4 This section is now applicable to non-Mineral companies with substantial
mineral assets.
5 Section 12 now allows an Applicant Issuer to include an Executive summary
of the CPR in the circular/ prospectus while the full CPR must be available
on the JSE and Applicant Issuer`s website.
6 Mineral Companies are excluded from the control requirement set out in
Section 4.28(d).
The JSE also proposes to change any reference to Section 12 in Section 8 to
reference to the new SAMREC code.
The proposed requirements are available on the JSE website www.jse.co.za and all
interested parties are invited to submit their comments in writing before
1 August 2008 to Annalie de Bruyn.
annalie@jse.co.za
FAX : 011 520 8596
4 July 2008
Date: 04/07/2008 12:00:01 Produced by the JSE SENS Department.
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