HKEx Listing Decisions relating mineral and oil and gas companies

HKEx Listing Decisions relating mineral and oil and gas companies

Requirements Regarding Control Over Mining Assets

A mineral company seeking listing on the Exchange must be able to demonstrate that it has the right to actively participate in the exploration for and / or extraction of resources either through control over a majority (by value) of the assets in which it has invested together with adequate rights over the exploration for and / or extraction of resources; or adequate rights arising under arrangements acceptable to the Exchange, which give it sufficient influence in decisions over the exploration for and/or extraction of the resources. Control is normally taken to mean an interest of more than 50% ... More: Requirements Regarding Control Over Mining Assets

listing requirements relating to resources and reserves

A new applicant mineral company will be required to have at least a portfolio of "Indicated Resources" (in the case of minerals) or"Contingent Resources" ( in the case of petroleum) that are identifiable under one of the accepted reporting standards and substantiated in the report of an independent suitably qualified expert... More: listing requirements relating to resources and reserves