On the recordMay 27, 2010
it is time to take mining companies' safety records out of the darkness and bring some much-needed transparency and accountability to the industry. Today, I am introducing legislation that would require any publicly-traded mining company to include critical mine safety information in its annual and quarterly filings with the Securities and Exchange Commission, SEC. Shareholders have a direct interest in the safety record of any company they invest in--because safety has as much of an impact on a company's long-term financial health as its mining production. But today, this safety information is not uniformly reported across the industry. My bill fixes this inconsistency and gives investors the information they need to hold corporate management responsible for the safety record of a company. That is what my bill is all about: providing shareholders with standard information that can be used to measure and compare safety records across the industry.
