April 2019

Notice of suspension of AusIMM member

  • By AusIMM

An annual report of 2018 compliance matters was published in the April edition of the Bulletin. This notice relates to a single complaint that resulted in the suspension of an AusIMM member.

The complaint related to a Competent Person involved in a case heard and determined in a Supreme Court in May, June, July and August 2017. The Ethics Committee found that a Public Report referred to in the case included a significantly exaggerated coal 2004 JORC Code Exploration Target (albeit unintentional), a cross-section showing coal seams based on data inconsistent with points of observation and assigned the width and extent of coal seams without adequate justification. The Ethics Committee also determined that it was incumbent on the member to have declared a shareholding (albeit small) in the public company for which the report was prepared.

The Ethics Committee found the member to be in breach of Clause 3 of the Code of Ethics, namely: Members of the AusIMM shall, on all occasions, act in a manner which upholds and enhances the honour, integrity, honesty and dignity of the profession and imposed a suspension of membership of two months.

Members are reminded of their obligation to comply with the AusIMM Code of Ethics and all other codes prescribed by the Board, including the JORC and VALMIN Codes. Further information can be found on the Governance page of the AusIMM website.

Share This Article