The vice-president of the International Committee for Resources and Reserves Reporting (CRIRSCO), Edison Ribeiro, expressed today his confidence that Peru could be part of this organization recognized worldwide as the entity that represents the mining industry in matters related to classification and reporting of mineral assets.

"Peru is in a unique position because the CRIRSCO representatives for the working committee are already appointed. I am confident that Peru is going to have a very fast process; but it all depends on the Peruvian representatives," stated Ribeiro.

During the Round Table: "Peru on the road to CRIRSCO" - organized by the 12th International Congress of Prospectors and Explorers (proEXPLO 2021) and moderated by the president of the congress, Eng. Enrique Garay; the executive also explained some of the benefits of the CRIRSCO system.

"It seeks to promote best practices, share experiences and create this global network of mining professionals. It also allows for a common language that is based on a standard definition. If an American investor chooses a project in Peru or another country, he/she will be able to understand reports and risks. That is the basis for cooperative transactions in mining projects," he said.

In his turn, the representative of the future National Reporting Organization (NRO) of Peru, Samuel Canchaya, explained that currently the Geological Society of Peru (SGP) and the Peruvian Institute of Mining Engineers (IIMP) are leading this initiative and that "later on, the Lima Stock Exchange (LSE), the Association of Mining Engineers and other institutions could join.

"One of the benefits for CRIRSCO of including Peru in its organization would be to have a country with great potential and a long history. It will also promote investment in exploration and mining projects; as well as facilitate the exchange of specialized knowledge between the Peruvian members and CRIRSCO members", he emphasized.

Regarding the step or stage Peru is in, Samuel Canchaya indicated that work is being done to address the entity's organization matters; and the signatures of the memorandums of understanding between the directors of the SGP and IIMP.

"The documents included in the NRO-Peru bylaws, the code of ethics, the guidelines for the preparation and publication of Technical Reports on exploration, resources and reserves; the qualification of competent and qualified people, are already more than 90% advanced", Canchaya said.

International presence

Round Table: "Peru on the road to CRIRSCO", held this Friday, March 26 at proEXPLO 2021, also included the participation and presentations of the president of the board of directors of the Brazilian Commission for Resources and Reserves (CBRR), Julio Nery; president of the Colombian Commission for Mineral Resources and Reserves, Wilfredo López; and the president of the Qualifying Commission for Competencies in Mineral Resources and Reserves of Chile, Sergio Vicencio; who shared details about their entry processes and the mining situation in their respective nations.