矿业公司在新加坡凯利板上市的基本要求SGX_Catalist_Rules.pdf

Page 1 of 16 SGX-ST LISTING MANUAL AMENDMENTS – EFFECTIVE 1 FEBRUARY 2011 Listing Rules for mineral, oil and gas companies (Catalist) RULE RATIONALE/ PURPOSE OF AMENDMENT NEW / AMENDED RULES Definition To introduce definitions for terms used in relation to mineral, oil and gas companies “mineral, oil and gas company” a company whose principal activities consist of exploration for or extraction of minerals, oil or gas. This excludes companies that purely provide services or equipment to other companies engaged in such activities “qualified person” a person who has the appropriate experience in the type of activity undertaken or to be undertaken by a mineral, oil and gas company, meeting the following minimum requirements: (i) is professionally qualified and a member or licensee in good standing of a relevant Recognized Professional Association; (ii) has at least five years’ relevant professional experience in the estimation, assessment and evaluation of: (a) the mineral or minerals, oil or gas that is under consideration; and (b) the activity which the issuer is undertaking; and (iii) has not been found to be in breach of any relevant rule or law and is not: (a) denied or disqualified from membership of; (b) subject to any sanction imposed; (c) the subject of any disciplinary proceedings; or (d) the subject of any investigation which might lead to disciplinary action, by any relevant regulatory authority or professional association. “Recognised Professional Association” a self-regulatory organisation of professionals in the mineral, oil or gas industries which is recognised by the Exchange must: (i) admit members on the basis of academic qualifications and experience; (ii) require compliance with organisation’s professional standards of competence and ethics established, and (iii) have disciplinary powers to suspend or expel a member. Page 2 of 16 “reserve” the following meanings, or their equivalent under the relevant Standard used: (a) with regard to minerals, the economically mineable part of a resource. It includes diluting materials and allowances for losses which may occur when the material is mined. Appropriate assessments and studies have been carried out, and include consideration of and modification by realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. Reserves can be further categorised as: (i) “Proved Reserve” is the economically mineable part of a Measured Resource. Assessments and studies carried out demonstrate at the time of reporting that extraction is justified; and (ii) “Probable Reserve” is the economically mineable part of an Indicated, and in some circumstances, a Measured Resource. Assessments and studies carried out demonstrate at the time of reporting that extraction can reasonably be justified; (b) with regard to oil and gas, those quantities of petroleum anticipated to be commercially recoverable by application of development projects to known accumulations from a given date forward under defined conditions. Reserves can be further categorised as: (i) “Proved Reserve” is the quantity of petroleum, which by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be commercially recoverable, from a given date forward, from known reservoirs and under defined economic conditions, operating methods and government regulations; (ii) “Probable Reserve” is the additional reserve which analysis of geoscience and engineering data indicate are less likely to be recovered than a Proved Reserve but more certain to be recovered than a Possible Reserve; and (iii) “Possible Reserve” is the additional reserve which analysis of geoscience and engineering data indicate are less likely to be recoverable than a Probable Reserve. “resource” the following meanings, or their equivalent under the relevant Standard used: (a) with regard to minerals, a concentration or occurrence of material of intrinsic economic interest in or on the earth’s crust in such form, quality and quantity that there are reasonable prospects for economic extraction. The location, quantity, Page 3 of 16 grade, geological characteristics and continuity of a resource are known, estimated or interpreted from specific geological evidence and knowledge. Resources are sub-divided, in order of decreasing geological confidence, into: (i) “Measured Resource” is that part of a resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence. It is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locatio。