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ARTICLE · 12 MAY 2011

New Mineral Project Disclosure Standards Coming Into Effect June 30, 2011

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Almost a year after issuing a draft for comment, on April 8, 2011, the Canadian Securities Administrators (CSA) published a new and improved National Instrument 43-101 – Standards of Disclosure for Mineral Projects, which is scheduled to come into effect on June 30, 2011.

CanadaEnergy and Natural Resources
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Almost a year after issuing a draft for comment, on April 8, 2011, the Canadian Securities Administrators (CSA) published a new and improved National Instrument 43-101 – Standards of Disclosure for Mineral Projects, which is scheduled to come into effect on June 30, 2011. The changes to NI 43-101 reflect the results of consultations with mining industry market participants and is designed to make compliance less costly for mining companies without compromising investor protection.

The following is a summary of the significant changes to NI 43-101.

Acceptable Foreign Codes (Definitions and s. 7.1)

  • Amends definitions and replaces prescriptive lists of acceptable foreign codes with objective tests that will accommodate changes without formal amendment. A revised list of acceptable foreign codes is now appended to the Companion Policy (CP).

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