Post by Sapphire Capital on Jul 12, 2008 3:42:04 GMT 4
This paper begins with a brief history of how the definitions and reporting standards have been, and are currently, being developed into harmonized classification systems. A comparison of the adoption of these mineral resource and mineral reserve definitions by the world’s leading mining jurisdictions will then be discussed. Summaries of the standards and regulatory frameworks in which these definitions are incorporated are provided for Australia, Canada, South Africa, the United Kingdom and the United States of America. This is followed by an analysis of the issues including a discussion of the SEC’s Reserve Standard. Finally, conclusions will be drawn regarding the status of international harmonization as we move, hopefully, to a universally accepted system.
General information only, this is no legal or financial advice or legal opinion and no solicitation or offering of services. Use of posted information should be contingent on your counsel advise on a case by case basis.