Session D, April 25, 2024, 12:00 noon to 1:30 p.m. ET
Practice, Pitfalls, and Protections - Some Social and Legal Aspects of Geoscience Practice
Session Chairs: Craig Waldie, P.Geo., FGC and James Whyte, P.Geo.
A moderated Q & A will follow after the panel presentations.
Presentation 1: Your Quick Guide to the CIM ESG Guidelines
Speaker: Jenifer Hill, Principal of JLH Environmental - SEE SPEAKER'S BIO
SUMMARY
CIM published the Environmental, Social, and Governance Guidelines for Mineral Resource and Mineral Reserve Estimation in September 2023. The next step is for Qualified Persons to understand how to use the Guidelines. The presentation will highlight how practicing professionals can use the Guidelines when preparing resource and reserve estimates for all project life stages from exploration through closure.
Presentation 2: An Overview of the Secondary Professional Liability Insurance Program
Speaker: Scott Belton, Vice President, Professional Liability, Hub International - SEE SPEAKER'S BIO
SUMMARY
Scott Belton will provide an overview of the Secondary Professional Liability Insurance Program that is available to PGO registrants. This presentation will review the coverage afforded under the policy and examples of actual professional liability claims covered under the program.
Presentation 3: Qualified Persons (QPs) Versus Competent Persons (CPs) - Commonalities and Differences
Speaker: James Whyte, P.Geo. - SEE SPEAKER'S BIO
SUMMARY
The world's codes for mineral project disclosure may use differing names - "Competent" or "Qualified" persons - but the meaning those names convey is identical: this is the person that carries the can, professionally, for the geoscientific and technical information in a public company's disclosure statements. But because the concept is always the same, that does not mean that the codes' definitions or requirements are the same, and misconceptions and "folk wisdom" about the concept are widespread in the mineral industry.
Among the fallacies are that a practitioner "is" a qualified or competent person, that securities regulators or stock exchanges register or certify practitioners as "qualified," and that meeting a code's QP definition carries the right to practise along with it.
The talk will explore the ideas and definitions of QP and CP in disclosure codes like NI 43-101, Regulation S-K, JORC, and SAMREC and try to dispel some misunderstandings of what it means to act as a qualified person.
Register online for this session or the full Symposium.
