Why it matters: JORC gives investors a framework to compare pre-revenue miners
The code’s committee wants to increase ESG and native title considerations
The change could mean an increased focus on factors outside the resource size
Mining companies will need to disclose more information about the potential for environmental issues or native title disputes to affect future development of mineral discoveries, under proposed changes to the guidelines that underpin Australia’s biggest export industry.
An increased focus on environment, sustainability and governance is expected to be the most notable change to the JORC Code when draft changes are published following the first review of the code in 11 years.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
