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SEC proposes modernizing mining company disclosures

Joe Mont | June 16, 2016

The Securities and Exchange Commission has proposed rules to modernize the disclosure requirements for mining properties by aligning them with current industry and global regulatory practices and standards. The proposed revisions would update disclosure requirements for mining registrants in Item 102 of Regulation S-K under the Securities Act of 1933 and the Securities Exchange Act of 1934 and related guidance in Industry Guide 7.

“These proposed rules would...give investors more comprehensive information of a registrant’s mining properties that they can use to make informed investment decisions,” SEC Chair Mary Jo White said in a statement. “This proposal is another product of our disclosure effectiveness initiative, which is aimed at modernizing our disclosure regime and providing more meaningful information to investors.”

The Commission’s proposed rules would:

  • Provide one...
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