British Columbia Securities Commission

British Columbia Securities Commission

April 08, 2011 12:00 ET

Canadian Securities Regulators Adopt New Version of Mining Rule

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2011) - The Canadian Securities Administrators (CSA) have published a new version of National Instrument 43-101 Standards of Disclosure for Mineral Projects, its related form and policy.

The revised mining rule and related amendments eliminate or reduce the scope of certain requirements, provide greater flexibility to mining issuers in certain areas, reflect changes that have occurred in the mining industry, and clarify or correct areas where the previous standards were not having the desired effect.

"Canada has developed one of the most effective and efficient mining disclosure regimes in the world," said Bill Rice, Chair of the CSA, and Chair and Chief Executive Officer of the Alberta Securities Commission. "These amendments reinforce our commitment to maintaining world class standards and continuing to meet the changing disclosure needs of the mining industry."

Following a series of focus group discussions with market participants, the CSA developed the proposed changes to the existing mining rule and published them for comment. The CSA received 50 submissions.

In some jurisdictions, ministerial approvals are required for these changes. Subject to obtaining all necessary approvals, the revised mining rule and related amendments will come into force on June 30, 2011.

The revised mining rule and related amendments are available on the websites of CSA members.

The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Contact Information

  • British Columbia Securities Commission
    Richard Gilhooley
    604-899-6713

    Alberta Securities Commission
    Lorinda Brinton
    403-297-2665

    Ontario Securities Commission
    Carolyn Shaw-Rimmington
    416-593-2361

    Autorite des marches financiers
    Sylvain Theberge
    514-940-2176

    Manitoba Securities Commission
    Ainsley Cunningham
    204-945-4733

    New Brunswick Securities Commission
    Wendy Connors-Beckett
    506-643-7745

    Nova Scotia Securities Commission
    Natalie MacLellan
    902-424-8586

    Saskatchewan Financial Services Commission
    Barbara Shourounis
    306-787-5842

    PEI Securities Office
    Office of the Attorney General
    Janice Callbeck
    902-368-6288

    Financial Services Regulation Div.
    Newfoundland and Labrador
    Doug Connolly
    709-729-2594

    Yukon Securities Registry
    Graham Lang
    867-667-5466

    Nunavut Securities Office
    Louis Arki
    867-975-6587

    Northwest Territories Securities Office
    Donn MacDougall
    867-920-8984