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ARTICLE · 25 JUNE 2014

Transparency In Payments To Governments

Norton Rose Fulbright Canada LLP
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The Resource Revenue Transparency Working Group released its final recommendations for the creation of mandatory transparency standards.

CanadaEnergy and Natural Resources
Norton Rose Fulbright Canada LLP
Norton Rose Fulbright Canada LLP
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The Resource Revenue Transparency Working Group (the "Working Group") released its final recommendations for the creation of mandatory transparency standards. These would see mining companies traded on Canadian stock exchanges publicly disclose payments to governments.

The Working Group, consisting of the Mining Association of Canada, the Prospectors & Developers Association of Canada, Publish What You Pay Canada and the Revenue Watch Institute, was formed in September 2012. Its objective is to improve transparency in the mining sector in Canada and overseas.

Legislation is expected to be introduced in Canada this year to implement the Government of Canada's commitment to mandatory reporting. The Working Group's final recommendations will weigh heavily on legislators.

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