Mine Operators Face Additional Challenges, Burdens, Under New Specialized SEC Disclosure Regime

As seen in the June issue of Coal People magazine.

Think beyond compliance. Providing the right information will enable smart operators to shape the message existing and potential investors receive under the new specialized SEC disclosure regime.

Mine operators who are public companies have recently become subject to additional Securities & Exchange Commission ("SEC") disclosure burdens. These obligations extend to all mine operators – coal and metal / non-metal. The passage of the Dodd Frank Wall Street Reform and Consumer Protection Act ("Dodd Frank"), specifically section 1503 therein, imposes a series of specialized disclosure obligations for securities issuers who are mine operators or who have subsidiaries who are mine operators. Prior to Dodd Frank, Mine Operators had substantially greater discretion as to what information must be disclosed in their periodic reporting. At that time, the central principle was that information that investors would find