Canadian mining transparency law receives royal assent for spring 2015 implementation
Published: Thursday, 18 December 2014
The new act will bring Canada in line with regulations already in force in the US and EU, with the aim of preventing international corruption and increasing transparency for the benefit of investors.
The Extractive Sector Transparency
Measures Act, which requires that the nature of payments made
by Canada-operating mining companies to governments of any
nation are made public, has received royal assent from the
Canadian governor general, David Johnston.
"Canada has taken an important step towards improving
governance in natural resource-rich countries," the...