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ARTICLE · 26 SEPTEMBER 2012

Proposed changes to reserves and resources disclosure rules

HopgoodGanim
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The proposed changes should improve the reporting regime for all mining and oil and gas companies listed on the ASX.

AustraliaEnergy and Natural Resources
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By Michelle Eastwell,Partner;Jessica McKenzie,Associate and Karyn Silcock,Associate

The ASX has released a consultation paper that proposes amendments to its Listing Rules, designed to improve the reporting regime for reserves and resources for mining and oil and gas exploration and production companies.

The proposed amendments follow extensive consultation over the last two years and take into consideration the written submissions made to the ASX following its October 2011 consultation paper ASX Listing Rules Review Issues Paper: Reserves and Resources Disclosure Rules and Mining and Oil & Gas Companies.

The proposed changes will affect all mining and oil and gas companies listed on the ASX. Here, partner Michelle Eastwell and associates Jessica McKenzie and Karyn Silcock outline the ASX's proposals.

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