Last edited by Akir
Monday, July 20, 2020 | History

2 edition of Corporate disclosure requirements as they pertain to mining companies found in the catalog.

Corporate disclosure requirements as they pertain to mining companies

Eldon L. Hunt

Corporate disclosure requirements as they pertain to mining companies

by Eldon L. Hunt

  • 167 Want to read
  • 37 Currently reading

Published by Mineral Resources Branch, Dept. of Energy, Mines and Resources in Ottawa .
Written in English

    Places:
  • Canada.
    • Subjects:
    • Mining corporations -- Canada.,
    • Corporation law -- Canada.

    • Edition Notes

      Abstract in English and French.

      Statementby Eldon L. Hunt.
      SeriesMineral information bulletin ;, MR 110
      Classifications
      LC ClassificationsHD9506.C2 A383 no. 110
      The Physical Object
      Paginationvii, 113 p.
      Number of Pages113
      ID Numbers
      Open LibraryOL5110198M
      LC Control Number74182713

        On Octo the United States Securities and Exchange Commission (SEC) announced the adoption of amendments to modernize the property disclosure requirements for mining registrants. What does this mean for foreign mining companies dual listed in their own jurisdiction and the USA? A panel made up of consultants, regulators, and Canadian, US and Australian lawyers will . On Octo , the U.S. Securities and Exchange Commission (SEC) adopted a final rule (available here) that overhauls its existing disclosure requirements for mining company issuers.

      In July , the SEC proposed rules designed to simplify the U.S. mining company disclosure regime. As Jones Day noted in its previous Commentary, the proposed rules sought to better align that regime with requirements of other jurisdictions and consolidate disclosure requirements spread across Item of Regulation S-K, Industry Guide 7, and SEC interpretive guidance into a new subpart Presently, mining property disclosure requirements are set forth in Item promulgated under the Securities Act (Regulation S-K), and in Guide 7 and related staff interpretive guidance.

        Location of mining claims under the Mining Law of , 30 U.S.C. §§ , is a self-initiation system under which a person physically stakes an unpatented mining claim on public land that is open to location, posts a location notice and monuments the boundaries of the claim in compliance with federal laws and regulations and with state. You are invited to join us on Febru , at 11 am PT/2 pm ET, for a webinar discussing the SEC’s new mining disclosure rules. On Octo , the SEC adopted final rules effecting a complete overhaul of the technical disclosure requirements applicable to companies engaged in material mining operations, including royalties.


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Corporate disclosure requirements as they pertain to mining companies by Eldon L. Hunt Download PDF EPUB FB2

Get this from a library. Corporate disclosure requirements as they pertain to mining companies. [Eldon L Hunt].

The SEC has taken the view that only Canada requires by law compliance with a particular mining disclosure code (NI ). In addition, the SEC has not permitted U.S.

issuers that are subject to Canadian disclosure requirements to take advantage of the exemption. Public companies must constitute an S&E committee, whose functions include: (i) monitoring the company’s activities, having regard to any legal requirements or prevailing codes of best practice with regard to matters relating to (a) social and economic development, (b) good corporate citizenship, (c) the environment, health and public safety.

May 7, When the Commission adopted new rules to modernize the property disclosure requirements for mining registrants in Octoberit adopted a two-year transition period to provide ample time for registrants to prepare to comply with the updated mining disclosure requirements codified in new Subpart of Regulation S-K.

A mining registrant is not required to. Presently, mining property disclosure requirements are set forth in Item promulgated under the Securities Act (Regulation S-K), and in Guide 7 and related staff interpretive guidance. The final rule amendments will rescind Guide 7 and codify the SEC’s mining property disclosure requirements in new Subpart and Item (96)(B)(iii) of.

enhancing the reserves and resources reporting requirements applicable to ASX-listed mining and oil and gas exploration and production companies. Following release of the ASX Issues Paper, ASX held 54 roundtables and other consultation meetings in Perth. are of most practical relevance to mining companies’ activities.

The new standards on joint arrangements, consolidated financial statements and disclosure of interests in other entities will be of particular interest to companies in the mining sector.

The debate about specific guidance for exploration, evaluation, development and production of. Mining the Disclosures is a yearly evaluation of companies’ activities to address conflict minerals, including risk management, human rights impact, and reporting quality.

You can watch the webinar about Mining the Disclosures here. SEC Adopts New Mining Disclosure Rules Novem On Octothe SEC adopted final rules modernizing disclosure requirements for companies with material mining operations (excluding oil and gas) as part of its ongoing “disclosure effectiveness initiative” launched in.

3 Introduction AIM opened on 19 June AIM is a market for smaller and growing companies and is a multilateral trading facility within the meaning set out in the Handbook of the FCA and is a SME growth is operated and regulated by the Exchange in its capacity as a Recognised Investment Exchange under Part XVIII of FSMAas such AIM is a prescribed.

• Canada is an excellent source of financing for foreign mining companies even under changing corporate governance times. • In addition to its Rules, the TSX has Guidelines (not laws or regulations) to effectively and reasonably address today’s corporate governance concerns.

The TSX has proposed further additions to these Guidelines. The public and consumers want companies to be more honest in their processes.

They want to know that these companies are operating responsibly. PDAC is drawing to an end soon, and one of the pressing topics explored was data disclosure and responsible mining. The Responsible Mining Index (RMI) sets a standard for mining companies.

On Octothe U.S. Securities and Exchange Commission (SEC) adopted a final rule (available here) that overhauls its existing disclosure requirements for mining company issuers, including royalty new disclosure requirements replace the SEC’s existing Industry Guide 7 (Guide 7), which had not been updated in over 30 years.

USA: Data Protection Laws and Regulations ICLG - Data Protection Laws and Regulations - USA covers common issues including relevant legislation and competent authorities, territorial scope, key principles, individual rights, registration formalities, appointment of a data protection officer and of processors - in 39 jurisdictions.

SSR MINING INC. CORPORATE DISCLOSURE POLICY I. Purpose of this Policy SSR Mining is committed to complying with the legal and regulatory requirements applicable to the disclosure of information about our business and to ensuring that trading in our securities takes place in an efficient, competitive and informed market.

In doing so, the SEC hopes to encourage the offering of securities by mining companies in the US companies that historically looked to other markets with more pragmatic disclosure requirements. In the same way, the New Rules could also help to harmonize disclosure in unregistered securities offerings, including under Regulation S and Rule A.

In the 4th quarter ofthe SEC finalized amendments to the disclosure requirements for mining companies under the Securities Act of (“Securities Act”) and the Securities Exchange Act of (“Exchange Act”). The proposed rule amendments were originally published in June In addition to providing better information to investors about a company’s mining.

“These proposed rules would modernize the Commission’s disclosure requirements by aligning them with global standards and give investors more comprehensive information of a registrant’s mining properties that they can use to make informed investment decisions,” said SEC.

NI is a Canadian national instrument that describes disclosure requirements for Canadian mining companies. It is not applicable to U.S mining companies.

All publicly traded mining companies require the assistance of an experienced securities attorney familiar with Industry Guide 7. Hamilton & Associates has represented numerous mining.

from a company’s exploration activities do not appear as an asset. Information on mineral reserves is, however, vital to investors and analysts in predicting future cash flows and evaluating the prospects for a mining company. Thus, supplementary disclosure about mineral reserves outside the financial statements is important for a more complete.

The U.S. Securities and Exchange Commission (the “SEC”) proposed last week to replace completely its disclosure requirements for SEC-registered companies engaged in mining activities. The proposal, issued on J responds to repeated calls over the years for the SEC to improve its mining disclosure requirements and harmonize them with international standards.

A lot of mining companies will gladly consider paying for your services if you get the basics right and get your legal documentation in place. Most mining companies handle huge financial transactions, hence the need to do business with third parties or suppliers that have all the legal requirements and are properly documented.New Rules Represent a Significant Departure for U.S.

Companies. On Octothe United States Securities and Exchange Commission (SEC) amended its rules to revise and modernize disclosure requirements applicable to companies with mining properties or operations.