New #ASX disclosure #rules to come into effect in late 2013

The Australian bourse has received regulatory approval to introduce new listing rules enhancing the disclosure of reserves and resources by mining and oil and gas companies.
 
The new rules would require mining companies to report in accordance with the Jorc Code with new requirements for the disclosure of additional information when exploration results, estimates and ore reserves, as well as production targets were disclosed.

For oil and gas companies, the new rules required them to report in accordance with the Society of Petroleum Engineers - Petroleum Resources Management system, as well as new requirements for the disclosure of resource and reserve estimates.

The new rules also required, from both mining and oil and gas companies, a yearly mineral resource and ore reserve statement in the annual report.

See the whole article online here:  New ASX disclosure rules to come into effect in late 2013

The MasterMetals Blog