November 2020
Volume 72    Issue 11

Compliance considerations for S-K 1300: Preparing for the new SEC regulations

Mining Engineering , 2020, Vol. 72, No. 11, pp. 28-28
Wolfe, Deanna; Oommen, Mathew


PREVIEW:

If your company is listed on a U.S. stock exchange and mining is a material part of your business, then the new U.S. Securities and Exchange Commission (SEC) property disclosure regulations, S-K 1300, will impact you. The SEC’s modernization of reporting exploration results, mineral resources and mineral reserves focuses on aligning its requirements with international reporting standards and follows an in-depth consultation process with industry stakeholders that was initiated more than four years ago. The regulations, consistent with the principles of the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), come into effect for your business’ first fiscal year on or after Jan. 1, 2021. S-K 1300 creates a more robust, consistent and transparent framework for disclosing exploration results, mineral resources and mineral reserves, with the aim of protecting and informing investors.
 



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