New Developments In Disclosure Rules For Mining Companies

Effective as of the end of this month the U.S. Securities and Exchange Commission's new disclosure requirements relating to mine safety will take effect. The new rules apply to all SEC-reporting companies, including Canadian companies with securities listed on a U.S. stock exchange.

The SEC has also delayed adopting, until sometime later this year, proposed rules relating to "conflict minerals" and government payments by resource extraction issuers.

Mine Safety Disclosure

The new mine safety disclosure rules, which were mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, will take effect on January 27, 2012 and apply to all SEC-reporting companies that directly or indirectly operate a mine located in the United States that is subject to the U.S. Federal Mines and Safety Act.