香港交易所第18章上市规则.ppt

* * * * * * * *   Competent Person/ Competent Evaluator (1) MLR 18.21-18.23 / GLR 18A.21-18A.23 Experience Must be professionally qualified Must be a member of a Recognised Professional Organisation Must be independent Competent Person Competent Evaluator At least 5 years experience relevant to the type of mineral/ petroleum assets and to the mining activity the issuer is undertaking At least 10 years relevant and recent general mining or petroleum experience; at least 5 years of relevant and recent experience in assessing and/or valuing mineral or petroleum assets * *  Our requirement largely follows the requirements under the VALMIN Code. The CIMVAL and SAMVAL Codes are not as specific as the VALMIN Code but require that extensive experience should be obtained to value mineral assets. We adopt a bright line experience requirement for clarity.  Competent Person/ Competent Evaluator (2)  Why the Competent Evaluator is required to have a minimum of 10 years experience (compared to the 5 years experience requirement on Competent Person)? *   Continuing obligations * Annual update of reserves / resources (1) Listed issuers that publicly disclose details of reserves and/or resources must give updates of such information in their annual reports, under consistent reporting standards (MLR 18.15 / GLR 18A.15) Mineral Companies must include updates of reserves and resources in their annual reports in accordance with the required reporting standard under which they were previously disclosed (MLR 18.16 / GLR 18A.16) Any data on reserves and resources must be presented in tables which can be understood by a non-technical person. Statements should include estimates of volume, tonnage and grades (MLR 18.17 / GLR 18A.17) * *  * Annual updates may take the form of a no material change statement.  Annual update of reserves / resources (2) What information should the issue