Management pressures mount

摘要

Furthermore, forward looking statements made by mineral proponents may also breach corporate rules if they are not made in a clear and reasonable manner. The issue of responsible management in the mining and exploration sectors is again expected to come under closer scrutiny as the updated 2004 Joint Ore Reserves Committee (JORC) code is incorporated into the listing rules of the Australian Stock Exchange later this year. According to Corrs Chambers Westgarth's Melvin Yeo, company directors can no longer solely rely on the word of so-called competent persons when releasing details pertaining to resources and reserves.