The International Council on Mining and Minerals (ICMM) has released Responsible Reporting of Mineral Assets describing the work of the Committee for Mineral Reserves International Reporting Standards. A volunteer-run international organization aimed at establishing international standards for mineral resource and reserve estimates reporting, it has worked with ICMM, a global umbrella group representing the world’s major mining companies, in a strategic alliance since 2007.

Most developed countries use the same resource and reserve definitions in the committee’s reporting template, with new codes and standards being added. This approach has provided the mining industry, its regulators and investors with a common framework to report and interpret mineral resource and mineral reserve estimates. This, in turn, facilitates investor funding through better understanding.