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PSE wants mineral reporting to include environment, health plans

BusinessWorld March 4, 2021 | 12:06 am Reporter THE Philippine Stock Exchange, Inc. (PSE) has proposed changes to the 2007 Philippine Mineral Reporting Code (PMRC) to meet international reporting standards. In a memorandum dated March 2 uploaded on its website, the stock market operator said it proposed to include a discussion on the mitigation and remediation plans to address environmental, social, and health and safety impacts. Another proposal is the addition of a statement that verifies the compliance of an accredited competent person or the report with the 2020 PRMC version. The PSE also recommended other revisions such as the accredited competent person’s consent to the public disclosure of the report; editorial revisions; and the disclosure of any potential conflict of interest with the issuer’s related parties as defined in the PSE’s consolidated listing and disclosure rules.

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