1. Develop a definitive project scope and project-specific execution plan.
2. Select qualified personnel (technical - human).
3. Create control mechanisms in advance (Documents, tools and procedures).
4. Control the engineering, construction and start-up activities during the execution of the project
4. Control the engineering, construction and start-up activities during the execution of the project
4. Control the engineering, construction and start-up activities during the execution of the project
4. Control the engineering, construction and start-up activities during the execution of the project
4. Control the engineering, construction and start-up activities during the execution of the project
The three phases
Scope, Profitability and Disclosure Standards
The first two phases define the scope and economic profitability through pre-feasibility and feasibility studies, for this there are specific rules for carrying it out.
For example:
- The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code, 2012). Which regulates the publication of mineral exploration reports on the Australian Stock Exchange (ASX)
- Pan-European Standard for Reporting of Exploration Results, Mineral Resources and Reserves (PERC Reporting Standard, 2017). Is the organization responsible for setting standards for public reporting of exploration results, mineral resources, and mineral reserves by companies listed on markets in Europe. Registered in Brussels. It is a member of CRIRSCO, the Committee For Mineral Reserves International Reporting Standards, and the PERC Reporting Standard is fully aligned with the CRIRSCO Reporting Template.
- National Instrument 43-101 (NI 43-101, 2011) is a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada. This includes foreign-owned mining entities who trade on stock exchanges overseen by the Canadian Securities Administrators, even if they only trade on Over The Counter (OTC) derivatives or other instrumented securities.
These norms allow us to have a methodology for the orderly presentation of the information of a mining project, since it describes the procedures and specific requirements to obtain financing in the stock market, for example, in Canada. However, there is no obligation to present the economic evaluation studies under these regulations, but they must be presented in the Law format that corresponds to each nation. On the other hand, following international standards value the projects, be they small mining or large mining.
Robin J. Hickson, T. L. (2015). Project Management for Mining. Colorado, USA: Society for Mining, Metallurgy & Exploration (SME).
