MTS' Stella Searston and Greg Gosson of Wood presented a two-day shortcourse at the AEMA conference in Reno, in early December, 2019. The course outlined the new reporting requirements under the US Securities and Exchange Commission (SEC) Regulation S-K 1300, which will become binding on US mining registrants from 1 January 2021, and replaces the old US Industry Guide 7. The course used Canada's National Instrument 43-101 and the reporting template put out by the Committee for Mineral Reserves International Reporting Standards (CRIRSCO) to provide context for how Regulation S-K 1300 compares to other international standards. Other key topics covered included the concept of a Qualified Person, new definitions of mining terms in Regulation S-K 1300, and the new technical report summary requirement.
The course participants, who included employees of consultancies as well as mining company representatives, generated robust discussions on how these new rules will likely affect their businesses. The attendees provided positive feedback on the course content and presentation.