The Philippine Stock Exchange (PSE) has submitted to the Securities and Exchange Commission (SEC) a proposal to revise the current Philippine Mineral Reporting Code (PMRC)—a guideline used by publicly-listed mining companies in filing their reports.
In an online forum on Thursday, PMRC committee chair Ciceron Angeles Jr. stressed the need to improve the current guidelines to prevent major mining frauds and protect the investing public.
Some of the key proposals were the use of a mandatory system for classifying tonnage and ore grade estimates and including the company’s exploration targets and technical studies in the reports.
The committee also recommended the addition of non…
Keep on reading: PSE seeks tighter reporting rules for mining firms