Mineral Exploration is the official publication of the Association of Mineral Exploration British Columbia.
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S P R I N G 2 0 1 5 43 GIC to deviate from the requirements of other jurisdictions that clearly detail the information that must be reported. This could undermine the transparent intent of the reports or could provide the GIC with necessary flexibility to revise the report content to ensure substitution under section 10(1) can be achieved. Aboriginal governments A transitional provision is afforded in sec- tion 29 whereby payments to Aboriginal governments in Canada are exempt for the two-year period beginning on the date that the legislation comes into force. This period is intended to allow for fur- ther consultation between the federal government and Aboriginal groups within Canada. During this period, the Canadian legislation will be aligned with other jurisdictions for substitutive reporting. However, as other jurisdic- tions have not addressed the issue of pay- ments to Aboriginal groups, Canadian reporting standards may be misaligned with global standards. Looking forward The Extractive Sector Transparency Measures Act is now law and is expected to come into force by June 1, 2015. Disclosure reports from impacted enti- ties would then be made available no later than 2017. The Canadian govern- ment and the multi-stakeholder group are expected to develop regulations in 2015 detailing the form and content of the required report. In addition, the Government of Canada will continue consultations with Aboriginal Peoples with the expectation of including pay- ments to Aboriginal governments and bodies in two years. ■ Joe Ringwald, president and CEO of Selwyn Resources, is a mining and mineral process engineer whose career has taken him to five continents to work on underground and surface projects of various commodities. He has been on the national council of CIM, has chaired and co-chaired international mining conferences and events focused on sustain- able development, and is on the Executive Committee of the Centre for Excellence in CSR. He has also been a director of Transparency International Canada, a mem- ber of the CSA's Mining Technical Advisory and Monitoring Committee, a member of the CIM Standing Committee on Mineral Reserve and Mineral Resource Definitions and a member of the Standards Council of Canada's mirror committee for anti-bribery.