The Risk Management Tool Box Blog

Dodd-Frank Wall Street Reform and Consumer Protection Act

Graham Marshall - Wednesday, April 11, 2012

In December 2011, the US Securities and Exchange Commission (US SEC) implemented the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The new Act sets out to reduce systemic risk and restore confidence in the United States financial system.

One of the rules adopted requires mining companies to include information about OHS in the annual and quarterly reports they file with the US SEC.

These periodic reports must now disclose specific OHS information that relates to compliance with the US Federal Mine Safety and Health Act (1977), which is administered by the Mine Safety and Health Administration.

The required information to be reported to the US SEC includes:

+   Specified health and safety violations, orders and citations;

+   Related assessments and legal actions; and

+   Mining-related fatalities.

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