Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
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Russia has taken an important step towards integrating its mining capital structure with the major international markets by joining the Committee for Mineral Reserves International Reporting Standards (CRIRSCO), the international committee which co-ordinates public reporting standards for exploration results, mineral resources, and mineral reserves. The Russian national code, the NAEN code, has been developed by the Society of Experts on Mineral Resources (OERN, a component body of NAEN), in close co-operation with the State Commission on Reserves (GKZ) and with members of CRIRSCO. The NAEN code is modelled very closely upon the CRIRSCO Public Reporting Template and is issued as a bilingual document in Russian and English. (more…)
