Saturday, May 08, 2010
Rockefeller Introduces Mine Accountability Amendment
WEST VIRGINIA....
U.S. Senator Jay Rockefeller, D-WV, has introduced an amendment to hold mining companies accountable to shareholders for their safety records. Rockefeller’s amendment would require that any publicly traded mining company include serious mine safety violations in its annual and quarterly filings with the Securities and Exchange Commission. Those that fail to file proper safety disclosures would face monetary penalties. Rockefeller, who was a lead author on the Miner Act of 2006, says, by disclosing important mine safety information to shareholders, it’s a win for companies doing a good job, and a much-needed alert for companies who are not.
U.S. Senator Jay Rockefeller, D-WV, has introduced an amendment to hold mining companies accountable to shareholders for their safety records. Rockefeller’s amendment would require that any publicly traded mining company include serious mine safety violations in its annual and quarterly filings with the Securities and Exchange Commission. Those that fail to file proper safety disclosures would face monetary penalties. Rockefeller, who was a lead author on the Miner Act of 2006, says, by disclosing important mine safety information to shareholders, it’s a win for companies doing a good job, and a much-needed alert for companies who are not.
# posted by Homer Owens @ 8:39 AM 
