Disclosure of financial instruments: Practices and challenges of Latin American firms from the mining industry

In this paper, we analyze the disclosure level of financial instruments provided by companies of the mining industry, located in Latin America region. The sample is comprised of 72 firms from Brazil, Chile, Peru and Mexico. The main results indicate that companies located in Mexico provide the higher levels of disclosure both for IFRS-07 and for IFRS-09 requirements. The size of firms is also a variable that affects disclosure. We also build a panorama regarding some challenges for firms to disclose full information following IFRS-09. Furthermore, the results of this paper indicate that companies should use the potential benefits of Internet and disclosure more information regarding financial instruments.