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  • Service: Advisory
  • Industry: Mining
  • Type: Business and industry issue
  • Date: 4/11/2011

Dodd-Frank and Practical Considerations for Mining Industry 

Three provisions that mining companies need to know about
Dodd-Frank and Practical Considerations
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This KPMG publication discusses three provisions within the Dodd-Frank Wall Street Reform and Consumer Protection Act and their impact on mining companies that are required to file an annual report with the U.S. Securities and Exchange Commission (SEC), while at the same time raising questions that mining companies should consider in their efforts to comply.


These provisions include more stringent safety disclosures for resource extraction issuers that operate mines; disclosure requirements for issuers that use conflict minerals originating in the Democratic Republic of the Congo (DRC) or bordering countries; and disclosure requirements for payments to governments related to the commercial development of oil, natural gas, or minerals.


Overall, the Dodd-Frank Wall Street Reform and Consumer protection Act represents several challenges for mining companies. Companies subject to the Act must understand the disclosure requirements and consider if their current system can provide the necessary reporting.

 

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