This project is paused until the IASB concludes its ongoing deliberations about its future work plan (visit the Agenda consultation project page for more information

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.

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

October 2010 A summary of the feedback received in response to the discussion paper Extractive Activities was presented to the Board. Please click here for the observer notes from that meeting.

7 May 2010 Web presentation of the discussion paper Extractive Activities

6 April 2010 The IASB publishes the discussion paper Extractive Activities

Last IASB meeting update

October 2010 The staff presented to the Board a summary of the feedback received in response to the discussion paper Extractive Activities. The Board also received an analysis of possible alternatives for defining the scope of a potential future project on extractive activities, based on feedback received in response to the discussion paper. The Board did not make any decisions at this meeting.

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

The extractive activities research project is now complete. Any subsequent decisions on extractive activities will be made only within the context of developing a possible future agenda proposal.