A global mining and metals company settled SEC charges over an alleged bribery scheme in Guinea in violation of the Foreign Corrupt Practices Act.
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- Product: Minerals / Mining
- Entity: Issuers of Securities
An SEC final rule requiring that resource extraction issuers "disclose payments made to the U.S. federal government or foreign governments for the commercial development of oil, natural gas, or minerals" was published in the Federal Register.
An SEC proposal to require resource extraction issuers to "disclose payments made to foreign governments or the U.S. federal government for the commercial development of oil, natural gas, or minerals" was published in the Federal Register.
The SEC proposed rules requiring that resource extraction issuers "disclose payments made to foreign governments or the U.S. federal government for the commercial development of oil, natural gas, or minerals."
The SEC clarified that any registrant may voluntarily satisfy the recently adopted mining disclosure requirements if it complies with (i) Mining Operations disclosure rules and (ii) EDGAR requirements.