Will Investors Pay Attention to Mine Safety Reports?
The Securities and Exchange Commission is deciding how much operators of coal mines and other types of mines must disclose when they report health and safety violations and mining-related fatalities.
The Securities and Exchange Commission is deciding how much operators of coal mines and other types of mines must disclose when they report health and safety violations and mining-related fatalities, and it has requested comments by Jan. 31, 2011, to help it decide.
The agency proposed amendments to its rules implementing Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires operators, or those that have a subsidiary that is an operator, of a coal or other mine to disclose this in periodic reports filed with the commission, along with MSHA orders, citations, related assessments, and legal actions.
The affected SEC reports are Form 8-K, Form 10-K, Form 10-Q, Form 20-F, and Form 40-F. Comments should be sent via www.regulations.gov, via the SEC online comment form, or via e-mail to [email protected]. Include File Number S7-41-10 in the subject line.