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ARTICLE · 24 APRIL 2017

Update On Canadian Transparency Reporting Obligations In The Mining And Resource Industries

The Canadian Extractive Sector Transparency Measures Act (ESTMA) came into force in June 2015, imposing reporting obligations on certain Canadian businesses engaged in the commercial development of oil, gas or minerals in Canada and abroad.

CanadaEnergy and Natural Resources

The Canadian Extractive Sector Transparency Measures Act (ESTMA) came into force in June 2015, imposing reporting obligations on certain Canadian businesses engaged in the commercial development of oil, gas or minerals in Canada and abroad. Businesses with a connection to the province of Quebec may also be required to separately report pursuant to An Act respecting transparency measures in the mining, oil and gas industries (the Quebec Act) which came into force in October 2015.

This update summarizes the key considerations for ensuring compliance with Canadian transparency legislation.


Application

As we have previously reported, Canadian companies engaged in such industries are required under ESTMA to report annually to Natural Resources Canada (NRCan) on certain categories of payments made to domestic and foreign governments (and related bodies) if they are either:

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