The Role of Australian Stock Exchange in Developing and Improving Mining Reporting Standards (b8c2de3a-82b3-45a5-8490-23937726775c)

Timely disclosure of information germane to the taking of investment decisions makes an essential contribution to ensuring the growth, efficiency and integrity of our capital markets. It is a core contributor to the maintenance of fair, orderly and transparent markets. The communication of relevant and comprehensible information to the investor plays a vital part in fostering investor confidence, thereby building depth and liquidity in our market. Australian Stock exchange Limited ("ASX") has had and continues to have a rewarding partnership with the mining industry to develop and recognise reporting standards, the JORC Code. This allows ready comparability and investor understanding of the mining investment vehicle. ASX's mining market has been successful because of the high reporting standards in the JORC Code and the high standards of professionalism and the intellectual capital that has been built up among the participants - the mining professionals, brokers, analysts, mining investors, professional advisers and the market operator. The balance of knowledge and understanding among these participants combined with the competition for capital, contributes to the standards for our mining market in a way that the market operator simply cannot replicate by market rules alone.