re: re:china zn concentrate imports up.domum ASIC to probe mining industry share market announcements
The Australian Securities and Investment Commission (ASIC) will scrutinise the share market announcements made by junior mining companies amid concerns over their accuracy.
ASIC says its concerned some speculative miners have made announcements to promote their companies rather than inform investors.
The Commission has reviewed the announcements of more than 400 small mining companies, and the subsequent impact on their share prices.
It is concerned some statements are designed to promote the companies rather than inform investors.
ASIC says its also examining the statement by energy and bio-technology industry firms.
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