Relevant knowledge of competent person in mining capital markets of major mining countries in the world

Competent person should have relevant professional background and experiences and have membership of professional organizations which are equipped with effective discipline measures.The concept of competent person is derived from the competence principle in the CRIRSCO system.According to the internal and external work standards in the project, the competent person carries out the work of the estimation of the mineral resources and the evaluation of the mineral reserves to ensure that the disclosed information about the mineral resources and mineral reserves is objective, accurate, comprehensive, true and reliable and are responsible for it.The competent person is recommended based on the principle of self-identification and peer recognition and should be time-sensitive, be entitled to certain rights, and assumes corresponding obligations.Violation of the regulations and professional ethics should be subject to punishment, fines, suspension or cancellation of membership.The intrinsic requirements of a competent person is capable and he should also have occupational characteristics.It is recommended that the system of competent persons should be adopted by the stock exchange, establish or select existing professional organizations to manage competent persons, become members according to the application, recommendation, etc., and prepare competent person and review competent person to be responsible for the preparation and review of reports respectively, establish professional ethics and implement responsibilities to individuals.