123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Article On Understanding The Ni 43-101

By Author: Adam Fleming
Total Articles: 44

The NI (short for National Instrument) 43-101 is a Canadian national instrument used for the Standards of Disclosure for Mineral Projects within the country. This is a codified set of rules and regulations used to report and exhibit information relating to mineral properties owned by, or explored by companies that report these findings on the nation’s stock exchanges.

The NI 43-101 came into existence in the wake of the notorious Bre-X scandal. It is meant to protect investors from potential scams of unsubstantiated mineral project disclosures. At the time the scandal was unearthed; Bre-X, the guilty company, owned close to a twelfth of the entire globe’s gold reserves at its Busang mine in Indonesia. This ran into something like 200 million ounces. The modus operandi of the Bre-X company was to inflate the price of its stocks by making announcements of the discovery of natural resources, which eventually turned out to be fabricated. The discovery of the scam brought the company crashing down.

Making scams difficult to happen:
This led to a series of corrective legislations within Canada on this area. The aim of the NI 43-101 is to prevent companies from making fraudulent claims of the kind Bre-X did. The NI 43-101 includes metalliferous, precious metals and solid energy commodities as well as bulk minerals, dimension stone, precious stones and mineral sands commodities.

Being a codified reporting scheme; the NI 43-101 ensures investors that the projects have been assessed in a scientific and professional manner, making it more difficult for fraud to occur. In a general and broad sense, the NI 43-101 is considered analogous to the JORC Code, which regulates the publication of mineral exploration reports on the Australian Stock Exchange (ASX). It is also likened to the South African Code for the Reporting of Mineral Resources and Mineral Reserves (SAMREC).

Learn the full details of the NI 43-101:
A full understanding of this standard will be the essence of a webinar that is being organized by Compliance4All, a leading provider of professional trainings for all areas of regulatory compliance. To know more about the content of the webinar and to enroll, please log on to http://www.compliance4all.com/control/w_product/~product_id=501014LIVE

The Expert at this webinar is Ricardo Valls, a professional geologist with three decades in the mining industry. He carries extensive geological, geochemical, and mining experience, managerial skills, and a solid background in research techniques, and training of technical personnel.

In offering an in-depth explanation of the NI 43-101; Valls will cover the following areas at this webinar:
o Structure of a report
o Tips for the main chapters
o General recommendations
o When do you need one
o Press Releases
o Other communications

Total Views: 78Word Count: 426See All articles From Author

Business Articles

1. Be A Security Guard And Live A Life With Dignity While Protecting Commoners
Author: George Hoover

2. Have A Plan
Author: brokerleonardfields.com

3. Our Year Round Services Include Part - Iii
Author: arnoldstreeservice.com

4. Best Smart Security
Author: SecurPoint Security

5. Choosing The Best Security Guard Company In Delhi
Author: Sushma Deshwal

6. Siddhakala Renewable Energy System Pvt. Ltd

7. Why You Should Use Professionals To Deal With Your Bed Bug Issues
Author: Steve Stein

8. Bed Bug Exterminators And The Solution To Your Bed Bug Problem
Author: Steve Stein

9. Chief Sand Supplier In Hyderabad
Author: Sand Suppliers

10. What Do Hvac Repair Technicians Do?
Author: emly

11. Professionally Expert Technician Of Air Condition
Author: Honestair Systems

12. Why Live Chat Script Is Necessary
Author: Surabhi Joshi

13. How Does Advertising Use Your Imagination?
Author: MichaelDavidWilson

14. Export Compliance Needs – What People Should Do?
Author: Fred Danny

15. Hair Removal Products & Epilators Review
Author: Smooth Life

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: