The objective of the extractive activities research project is to analyse the unique financial reporting issues applicable to extractive activities and to identify a basis on which a financial reporting model might be developed to address these issues.

In 2011, the IASB plans to make a decision on whether the extractive activities project should be added to its active agenda. If the IASB decides to add the project to its agenda, the project’s objective would be to develop an IFRS on accounting for extractive activities that would supersede IFRS 6 Exploration for and Evaluation of Mineral Resources.

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Project news

7 May 2010 Web presentation of the discussion paper Extractive Activities

6 April 2010 The IASB publishes the discussion paper Extractive Activities

10 August 2009 A working draft of the discussion paper is available on IASB website

Last IASB meeting update

September 2008 The final education session with the IASB on the extractive activities research project was held in September 2008. Following that session, the project team began developing its discussion paper.

Click here to view the full update and to access all previous IASB updates on this project.

Click here to listen to the IASB meeting audio playbacks.

Next discussed by the IASB

Members of the project team plan to present a summary of the responses to the discussion paper to the Board in October 2010.