ASIC review of overseas miners frustrates industry
Senior mining industry executives say a crackdown by the Australian Securities and Investments Commission on companies promoting “risky” offshore assets to investors is unreasonable.
Senior mining industry executives say a crackdown by the Australian Securities and Investments Commission on companies promoting “risky" offshore assets is unreasonable and could further damage the struggling sector.
The Australian Financial Review revealed on Monday that ASIC plans to review a significant number of corporate documents released by locally listed mining and exploration companies, amid concerns many are not meeting Australian corporate law standards.
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