Canadian mining transparency law receives royal assent for spring 2015 implementation

By James Sean Dickson
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...

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