by Ciceron A. Angeles, PMRCC Chairperson May 28, 2019
I am proud to present the accomplishments of the PMRC Committee for this fiscal year ending May 2019. The PMRC Committee (PMRCC) was finally formed by the three (3) Parent Organizations (“POs”) last
November 22, 2018 at the CAP-John Hay Convention Center at Baguio City. These POs are the Geological Society of the Philippines (GSP), the Philippine Society of Mining Engineers (PSEM), and the Society of Metallurgical Engineers (SMEP). At the same night, the Philippine Stock Exchange (PSE), the Philippine Mining and Exploration Association (PMEA) and the Philippines-Australia Business Council (PABC) joined PMRCC as Association Organizations (AOs). The first monthly PMRCC meeting was held on the same day, November 22, 2018 wherein the PMRCC members from six (6) organizations were formally accepted. Your truly was elected at the Chairperson and Engr. Cornelio Casido and Engr. Ramon Jose Foronda were elected as the Co-Vice-Chairpersons. The PMRCC Secretariat was also formed. The following committees were established, namely (1) Standards Committee to take care of the review and upgrade of the PMRC 2007 Code, (2) Membership Committee to take care of inviting preferred organizations to become AOs, and the (3) Training Committee which will take care of continuing professional development of the Competent Persons (CPs) as well as applicants. Subsequently, three (3) more committees were formed. They are (4) the Governance Committee which will provide assistance on the development of a generic Complaint Procedure that can be adopted by the three (3) POs, (5) the Website and Publications Committee which will be handled by the PMRCC Secretariat and (6) the Ways and Means Committee to take care of raising operational funds.
Last February 26, 2019, the PMRCC had resolved to apply for membership in the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), the committee of all internationally recognized National Reporting Organizations (NROs). As a first step, CRIRSCO and PMRCC had signed a Memorandum of Understanding last February 27, 2019. Once the PMRC Code had been upgraded to CRIRSCO International Reporting Template 2013 and all conditionalities attained, it is hoped that PMRCC will be accepted as a CRIRSCO member by late next year.
The most important task is handled by the Standards Committee chaired by Mr. George Baquiran which had commenced the first pass review and upgrade of the PMRC 2007 Code last March 1, 2019. So far, three (3) meetings had been held. It is hoped that the first pass revised Code can be presented in a public hearing in the next month or two before being finalized with the PSE and submitted for approval to the Securities and Exchange Commission (SEC) by late this year.
The Membership Committee, chaired by Engr. Roger de Dios and Atty. Dennis Quintero, had conducted initial discussions with possible Associate Organizations, namely the Mines & Geosciences Bureau (MGB), and the Chamber of Mines of the Philippines (COMP). So far, MGB preferred that they just support the PMRCC and not join it since they are a regulatory agency. For COMP, they have shown interest in joining PMRCC. Also, there are continuing preliminary discussions with some members of the Financial Reporting Standards Committee (FRSC) which we hope will culminate to their organization joining PMRCC.
The Training Committee chaired by Engr. Eric Nera will concentrate on providing PMRC 101 Seminars for this year. One had already been held in Cebu City last 12 January spearheaded by the PSEM-Visayas Chapter.
The Website and Publications Committee, chaired by Engr. Leonardo Marcelo Jr. has been developing the PMRCC website. It became live about two weeks ago. It is still a work in progress. I encourage the PMRCC members to review and comment as soon as possible so that our website will be completed as soon as possible.
The Governance Committee chaired by Dr. Rogel Santos is involved in development of the GSP Complaints Procedure which can be a template for similar ones to be adopted by PSEM and SMEP.
In order to become a CRIRSCO member, there are also some housekeeping work to be done by our POs. These include Complaints Procedure, working websites showing their CP system including CP application and accreditation procedures, Code of Ethics and Complaints Procedure, and lastly, the successful re-accreditation of PSEM and SMEP as Accredited Integrated Professional Organizations (AIPOs) of the Philippine Professional Regulation Commission (PRC).
The next year will be challenging as we built PMRCC as a credible partner of the minerals industry with regards to technical reporting and in our hope of becoming a CRIRSCO member. With the enthusiastic support of our POs and AOs and all the PMRC members and Secretariat, I am confident that all challenges will be overcome.
As of March 31, 2019, the total expenses since the formation of PMRCC are as follows –
Notarial fees of PMRCC MOU & DoAs: ₱12,000.00
Downpayment for website design: ₱15,000.00
Meals during meetings: ₱10,855.50
10% GSP Admin Fee: ₱3,785.55
Total Expenses: ₱41,641.05
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