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IAS 16 — Stripping costs in the production phase of a mine

Background

An IFRS Interpretations Committee project seeking to eliminate diversity in accounting for the removal of overburden in open-cut mining operations.

 

Current status of the project

This project has been completed.  IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine was issued on 19 October 2011.

 

Project milestones

DateDevelopmentComments
November 2009 Added to the IFRS Interpretations Committee agenda
26 August 2010 IFRIC DI/2010/1 Stripping Costs in the Production Phase of a Surface Mine published Comment deadline 30 November 2010
10 August 2011 Near Final Draft of IFRIC 20 published
19 October 2011 IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine issued Effective for annual periods beginning on or after 1 January 2013

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.