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Securities Law

43-301 - CSA Mining Technical Advisory And Monitoring Committee [CSA - Rescinded]

Published Date: 2000-11-17
Effective Date: 2000-11-17
Rescinded Date: 2001-12-21
Document(s):

The Canadian Securities Administrators (the "CSA") are establishing a Mining Technical Advisory and Monitoring Committee (the "MTAMC").

Recognizing that mineral exploration and mining are highly technical, constantly changing and international in scope, the Final Report of the TSE/OSC Mining Standards Task Force, dated January 1999, recommended the creation of the MTAMC. Its purpose is to advise the CSA on a variety of industry and professional developments related to securities regulatory issues including: (1) disclosure issues raised in connection with the implementation and application of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"); and (2) the evaluation of foreign professional organizations in connection with recognition of their members as "qualified persons" for the purposes of preparing technical reports under NI 43-101. The MTAMC will also serve as a forum for continuing communication between the CSA and the mining industry.

The MTAMC will be composed of approximately ten individual volunteers from across Canada drawn from different sectors of the mining industry, from early stage exploration to production. The MTAMC will meet approximately four times a year, mostly in teleconference. Members of the MTAMC will serve two-year terms. Members are expected to have extensive technical expertise and a strong interest in securities regulatory policy as it relates to the mining industry. As such, familiarity with the legislation and policies for which the CSA are responsible will be helpful.

The MTAMC will be co-chaired by two representatives of the CSA who will each serve a two-year term. The initial co-chairs will be Deborah McCombe of the Ontario Securities Commission and Adrianne Rubin Hawes of the British Columbia Securities Commission. Representatives of The Toronto Stock Exchange and the Canadian Venture Exchange Inc. have been invited to sit on the MTAMC.

Individual practitioners and representatives of small and large public mining companies, industry associations, consulting firms and other interested persons are invited to apply in writing for membership on the MTAMC, indicating their areas of practice and relevant experience. Interested parties should submit their application by December 15, 2000. Applications and any queries regarding this CSA Notice may be forwarded to:

Deborah McCombe
Chief Mining Consultant, Corporate Finance
Ontario Securities Commission
(416) 593-8151
dmccombe@osc.gov.on.ca
Adrianne Rubin Hawes
Senior Legal Counsel
British Columbia Securities Commission
(604) 899-6645
ahawes@bcsc.bc.ca

 

November 17, 2000