In a bid to restore Canada's mining image in the wake of the Bre-X fiasco, Bay Street proposed a tough new set of mining standards. Among them -- expanding the role of a "qualified person" to independently oversee exploration, restrictions on news releases, and more stringent demands on labs that test drilling samples. Task force co-chair Morley Carscallen said on June 8 that the new standards couldn't guarantee there wouldn't be more fraud, but they would mean more disclosure for investors.

Date: 1998-06-08
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 14 seconds

Transcript Prediction: << whatever was going on at free x would have been detected or become a parent earlier but no one will guarantee how early that would be or whether things would have been turned up the way we believe they would >>

Earbank_1998-06-08_Mining-Standards_2891