In Short
The Situation: The Securities and Exchange
Commission ("SEC") has finalized its property disclosure
requirements for mining company registrants.
The Result: The final rules lessen somewhat the
proposed rules' compliance burden but may add some uncertainty
for registrants.
Looking Ahead: The final rules constitute the
most substantive update to mining company disclosure regulations
since at least 1982. While registrants will not be required to
comply with the new rules until their fiscal years beginning on or
after January 1, 2021, registrants may voluntarily comply before
then, and many registrants will need to significantly change their
disclosure processes over the next two years.
