EU plans new transparency rules for mining groups

Europe is set to impose mandatory transparency measures for mining and forestry companies, requiring them to detail their financial relationships with foreign governments, a top European Union official has told the Financial Times.

In an interview, Michel Barnier, the EU internal market commissioner, said the move would come as Brussels revised existing rules on transparency this autumn. He said the new transparency obligations – which would cover money flows, such as tax payments and royalties to foreign governments – were likely to extend beyond “extractive” industries such as mining and energy, and cover other “primary materials” businesses, such as forestry.

ESO: Background information: Website: Forests http://www.europeansources.info/record/website-forests/

ESO: Background information: EUR-Lex: Legislation in force: Agriculture: Agricultural structures: Forests and forestry http://www.europeansources.info/record/eur-lex-legislation-in-force-agriculture-agricultural-structures-forests-and-forestry/

ESO: Background information: Foresters eye share of EU farm money http://www.europeansources.info/record/foresters-eye-share-of-eu-farm-money/

ESO: Background information: Opposition mounts against Rio-BHP move http://www.europeansources.info/record/opposition-mounts-against-rio-bhp-move/

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