Gov’t, mining sector drafting mineral reporting code
http://business.inq7.net/money/breakingnews/view_article.php?article_id=10410
Inquirer
07/18/2006
THE Philippine Stock Exchange (PSE) and mining experts said Monday they expected more investments in mining stocks with the crafting of a code that would align public reporting of exploration results, mineral resources and ore reserves with global standards.
Mining experts attending a media briefing held by the PSE said the government and the private sector hoped to complete the draft of a Philippine Mineral Reporting Code (PMRC) by yearend.
They said the code would be similar to Australia’s Joint Ore Reserve Committee code.
An official of the Philippine Mineral Development Institute Foundation said that at present the Philippines had no standards for public reporting of mineral exploration activities, mineral and energy resources and ore reserves. (more…)
