AUSTRALIA'S mining and resource stocks could face tougher...

AUSTRALIA'S mining and resource stocks could face tougher disclosure requirements, as the local bourse seeks to protect investors from confusing and misleading information.
The operator of the Australian Stock Exchange has flagged a series of changes to the way companies in the mining and energy sectors report the size and potential of their assets, under a review process launched yesterday.
A minefield of industry jargon confronts new investors to the mining sector, and the ASX revealed concerns yesterday that some companies were inappropriately taking advantage of that situation.
Among several concerns aired, the ASX said some companies had inappropriately used ''exploration targets'' to court investors with data that was speculative at best.

http://www.smh.com.au/business/jargon-minefield-to-be-swept-20111005-1l9lw.html



Read more: http://www.smh.com.au/business/jargon-minefield-to-be-swept-20111005-1l9lw.html#ixzz1ZxNoCHEx