About CPI
Indonesia’s Competent Person
Who We Are
Members of MGEI or IAGI are registered as MGEI CPI or IAGI based on the regulations of each of these professional organizations.
The Requirements
- Member IAGI / MGEI
- A graduate of Mining Engineering or Geology from an accredited college
- Has had sufficient work experience in the minerals mining industry, including at least 5 years in relevant fields, related to CPI categories and skill commodities
- Have been through the verification process, organized by the Committee (Special) Implementation of the CPI
- Meet the administrative obligations as CPI
Why Competents Person
From the foregoing, it is understood that Competent Person (related to the KCMI Code, called CPI) prepares an accurate and credible Report on Exploration Results, Resources and Reserves, which can provide protection to investors if:
- The report contains all relevant information reasonably required by the investor and their professional adviser; as well as the information is reasonably expected to be present in the reporting
- The investor and his professional advisor can understand the report and not be misled because it is served with sufficient information with a clear presentation and does not provide a confusing understanding; so that investors can make the right decision and balanced (balanced judgment) associated with Exploration Results, Mineral Resources or Ore Reserve reported. The ‘moral and ethical fence’ which guarantees the CPI to truly have an understanding and confidence in their competence and always adheres to the KCMI Code: 2011 in actualizing its competence, is described as follows:
- The CPI is a member of a professional organization that has a code of ethics and a disciplinary enforcement system. In the case of CPI IAGI-MGEI, then comply with and implement IAGI-MGEI code of ethics, as well as the object of surveillance from fellow CPI IAGI-MGEI
- In addition to having the inherent responsibilities of each prepared and signed report, IAGI-MGEI CPI also has an inherent liability in case of a complaint or claim on its report
- CPI works in the ‘relatively small’ mineral and coal mining community, so that good and bad information about CPI is concerned will spread quickly
- There is an obligation for the CPI to constantly update their competencies, so that they are always capable of implement the latest and proven methods in actualizing their competencies
The CPI should be more cautious and prudent in preparing reports, as in the end there will be an advanced mechanism that ensures the report. accurate and credible, among other peer reviews by other CPIs, second opinions by other CPIs, review by user institution reports, review by authority, and others.
Category
The classification of CPI in the Competent Person Indonesia System is related to the Verification Process, as follows:
