EU MINISTERS MOVE TOWARDS AGREEMENT ON TRANSPARENCY RULES FOR INDUSTRIAL MINERAL COMPANY PAYMENTS TO GOVERNMENTS
February 1st, 2012
BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have expressed broad support for tightening rules insisting EU industrial minerals companies declare payments made to governments who regulate their mines and processing facilities. EU officials now are confident that these rules will be agreed by a June 30 deadline imposed by heads of government in January. A debate staged at the EU Council of Ministers for competitiveness on Monday (20-2) found common ground that EU accounting directives should be reformed to ensure EU extractive industry companies behave openly ...
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