EUROPEAN ACCOUNTABILITY ORGANISATIONS BACK UPCOMING EU MINING TRANSPARENCY LEGISLATION
July 1st, 2011
BY MJ DESCHAMPS
IN a drive to combat the illegal exploitation of conflict minerals and create greater transparency of money flows between mining companies and governments, the European Commission is to table a new European Union (EU) law this autumn. It will ask large mining companies to reveal detail about their mining activities and associated financial transactions to shareholders.
This follows the United States' adoption of mining industry transparency legislation in July 2010. The result has been pressure from some members of the European Parliament and EU ...
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