EU METAL ORE EXTRACTING COMPANIES FORCED TO DISCLOSE GOVERNMENT PAYMENTS FROM 2015
June 1st, 2013
European companies extracting non-ferrous metal ores anywhere in the world will now be forced to disclose the payments they made to third countries governments if they are higher than EUR100,000 per year starting 2015, following a European Parliament vote this afternoon (Wednesday). The new rules are part of a reform of the European Union’s (EU) accounting directive, which was backed by an overwhelming majority of MEPs, sitting in Strasbourg.The rules will apply to any company extracting natural resources, thus including mining, oil, gas and logging ...
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