The VALMIN Committee is a joint committee of The Australasian Institute of Mining and Metallurgy (AusIMM) and the Australian Institute of Geoscientists. The committee was established to develop and maintain the "Australasian Code for Public Reporting of technical assessments and valuations of mineral assets", commonly known as the VALMIN Code. The VALMIN Code was first published in 1995, with subsequent editions published in 1997, 2005 and 2015
The VALMIN Code sets out requirements for the technical assessment and valuation of mineral assets and securities for independent expert reports, it provides guidance for petroleum assets and securities.
The VALMIN Code (2015 Edition) came into effect from 30 January 2016 and is mandatory for AusIMM and AIG members from 1 July 2016.
During the transition period of 30 January to 30 June 2016, Public Reports were able to be published in accordance with either the 2005 or new 2015 Edition of the VALMIN Code – all Public Reports published in this period should clearly state which version of the Code has been applied.
For more information on the 2015 Edition of the Code and the transitional arrangements, click here.
For a summary of the history of the VALMIN Code, click here.