Announcements

In early October SME filed a petition for rulemaking with the Securities and Exchange Commission to amend Industry Guide 7, which contains the SEC’s basic disclosure policy for mining companies. SME and the mining industry have been working diligently with the SEC for over eight years to try to clarify and update Guide 7 to no avail. It is vital for the SEC to move forward in the near-term to realign the U.S. reporting regime for mining companies, both for the protection of investors and for the removal of competitive harm to U.S. mining companies. The SEC’s Guide 7 has become increasingly outdated and out-of-sync with mineral reporting and disclosure standards used in the rest of the world. U.S. mining companies and their investors have suffered as a result.

In early October SME filed a petition for rulemaking with the Securities and Exchange Commission to amend Industry Guide 7, which contains the SEC’s basic disclosure policy for mining companies. SME and the mining industry have been working diligently with the SEC for over eight years to try to clarify and update Guide 7 to no avail. It is vital for the SEC to move forward in the near-term to realign the U.S. reporting regime for mining companies, both for the protection of investors and for the removal of competitive harm to U.S. mining companies. The SEC’s Guide 7 has become increasingly outdated and out-of-sync with mineral reporting and disclosure standards used in the rest of the world. U.S. mining companies and their investors have suffered as a result.