Extractive Industries (Possible replacement of IFRS 6, Exploration for and Evaluation of Mineral Resources) [Research]

Next steps:

The IASB will decide the project direction in September 2022

Last updated:

July 2022

Overview

The Board is gathering evidence to help decide whether to start a project to develop proposals to replace IFRS 6, Exploration for and Evaluation of Mineral Resources.

Before deciding the scope and direction of this research project, the Board has asked those national standard-setters who contributed to an April 2010 Discussion Paper about extractive activities to make the Board aware of any developments since the paper’s publication.

 

Other Developments

July 2022

On July 25, 2022, the IASB staff updated the Work Plan to indicate that the Board plans to decide the project direction in September 2022.

April 2022

On April 29, 2022, the IASB staff updated the Work Plan to indicate that the Board plans to decide the project direction in July 2022.

February 2022

On February 28, 2022, the IASB staff updated the Work Plan to indicate that the Board plans to decide the project direction in Q3/2022.

November 2021

On November 23, 2021, the IASB staff updated the Work Plan to decide the project direction in H2/2022.

September 2021

On September 27, 2021, the IASB staff updated the Work Plan to indicate that the Board plans to decide the project direction in the first half of 2022.

July 2021

On July 23, 2021, the IASB staff updated the Work Plan to indicate that the Board plans to decide the project direction in September 2021.

April 2021

On April 30, 2021, IASB staff updated the Work Plan to indicate that the Board plans to decide the project direction in July 2021.

March 2021

On March 26, 2021, IASB staff updated the Work Plan to indicate that the Board plans to decide the project direction in May 2021.

December 2020

On December 18, 2020, the IASB staff updated the Work Plan to indicate that the Board plans to decide the project direction in Q2/2021.

October 2020

On October 30, 2020, IASB staff updated the Work Plan to indicate that the Board plans to decide the project direction in Q1/2021.

July 2020

On July 23, 2020, IASB staff updated the Work Plan to indicate that the Board plans to decide the project direction in the first half of 2021.

April 2020

On April 17, 2020, IASB staff updated the Work Plan to indicate that the Board plans to review its research in June 2020.

January 2020

On January 31, 2020, the IASB staff updated the Work Plan to indicate that the IASB plans to review its research in Q2/2020.

July 2019

On July 29, 2019, the IASB® staff updated the work plan to indicate that the Board expects to review its research in Q4/2019.

April 2019

On April 12, 2019, the IASB® staff updated the work plan to indicate that the Board plans to review its research in the second half of 2019.

February 2019

On February 8, 2019, the AcSB published an overview of the results of their research on the accounting challenges faced in the extractive sector.

July 2018

On September 20, 2018, the IASB® staff up­dated the work plan to in­di­cate that the Board plans to review research in respect of this project (no date/timing specified for this).

 

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