New on the Horizon: Extractive Activities

Accounting for the activities of entities involved in the extraction of mineral resources has provided many difficulties over the years and has led to a variety of approaches being developed by companies. This in turn led a number of countries, notably Australia, Canada, Norway, South Africa, the UK and the U.S., to issue at least some industry guidance to drive a consistency of approach within their countries.

Table of contents

• Overview of proposals
• Scope and approach
• Definitions of reserves and resources
• Asset recognition
• Measurement
• Disclosure
• Publish What You Pay proposals
• Country contacts

Provided: www.kpmg.es