BOYD's coal and mineral reserve reports receive mining industry wide acceptance and comply fully with both foreign and U.S. Securities and Exchange Commission (SEC) filing requirements. We have completed over 2,000 reserve audits. Representatives of BOYD mining consultants have appeared before SEC’s technical staff and reported to foreign regulators to support our estimates.
Mineral Resource and Reserve Evaluations at BOYD - Levels of Study
BOYD's resource and reserve evaluations are prepared in accordance with modern international reporting codes and stock exchange requirements.
BOYD's resource and reserve evaluations are prepared in accordance with modern international reporting codes and stock exchange requirements.
The S-K 1300
On October 31, 2018, the SEC adopted the new Subpart 1300 of regulation S-K (“S-K 1300”) modernizing disclosure requirements for companies with material mining operations. The new rules implement extensive changes to the existing disclosure regime (i.e. “Industry Guide 7”) and is intended to align U.S. disclosure requirements more closely with current industry and global regulatory practices and standards. The new disclosure rules apply to SEC filings by companies with mining operations (including holding royalties) that in the aggregate are “material” to their business or financial condition.
In broad terms, the new rules:
For a more complete understanding on S-K 1300, please visit our Guide to Understanding Regulation S-K 1300 Page.
John T. Boyd Company can assist in complying with these new rules.