ESG fights for its place in mining sector’s sacred tome
For decades, the JORC code has been the little-known foundation stone upon which $544 billion in market value has been built. Now it’s getting a big shake-up.
Exploration drilling at the Glencore CSA copper mine outside Cobar, NSW. Dominic Lorrimer
A frustrated crowd of mining industry diehards erupted into applause when Richard Laufmann, the managing director of copper explorer Rex Minerals, warned against tinkering with one of the sector’s most sacred documents.
“We shouldn’t be complicating ourselves out of existence,” Laufmann told the investors and geoscientists gathered in the basement of Melbourne’s Le Meridien Hotel last month.
Peter KerResources reporterPeter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
