Draft IFRIC Interpretation and Comment letters [Aug 2010]
On 26 August 2010 the IFRS Interpretations Committee, the interpretative body of the IASB, published for public comment proposed guidance on the accounting for stripping costs in the production phase of a surface mine.
The Committee was asked to consider how to account for stripping costs (the process of removing waste from a surface mine in order to gain access to mineral ore deposits) given the divergence in practice that exists.
Comment letter deadline
The comment deadliner was 30 November 2010.
Click here to read the comment letters.