The Mineralogical Society of America defines a "mineral" as:. While coal is naturally occurring, it is organic and thus does not meet the ASTM's definition of "mineral". It is unclear whether Congress intended to include coal as a type of mineral. However, the text of the Dodd-Frank Act separately refers to "coal" and "minerals". Section , requiring disclosure by resource extraction issuers, makes no mention of coal but is preceded by a section that expressly deals with reporting requirements with respect to "coal or other mine safety".
Thus far, the SEC has resisted my importuning that it define "mineral" in its resource extraction issuer rules. Because Guide 7 refers to coal, the SEC has apparently concluded that coal is a type of mineral. The mystery is how and why the SEC has arrived at this conclusion. See more ». This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies.
Click here to read more about how we use cookies. Keith Bishop. To embed, copy and paste the code into your website or blog:. It looks like a rock and feels like a rock and is found in layers between other types of rocks — it sure sounds like a rock to me. And so what if it breaks one little rule? Some rules are more important than others like standing quietly in the lunch line vs. And anyway, if coal is not a rock, what should we call it?
Thanks for the question, and keep encouraging your students to love and respect the earth — no matter where they go, there it is and it's the only one they've got! You are GeoManiac number since April 1, What's the deal with coal?
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