EU MINERALS EXTRACTING COMPANIES WILL HAVE TO DISCLOSE GOVERNMENT PAYMENTS FROM 2015
June 1st, 2013
Major European companies extracting industrial minerals worldwide will now have 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, backed by an overwhelming majority of MEPs, sitting in Strasbourg.They were welcomed at the parliament by Jean-Claude Katende, national coordinator of the Democratic Republic of the Congo (DRC) branch of the ...
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