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Article

16 Jan 2014

Author:
Resource Revenue Transparency Working Group

[PDF] Recommendations on Mandatory Disclosure of Payments from Canadian Mining Companies to Governments

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On September 6th, 2012, PWYP-Canada, along with the Revenue Watch Institute, Mining Association of Canada, and Prospectors and Developers Association of Canada, announced the launch of the Resource Revenue Transparency Working Group...For over a year, the working group held numerous meetings, sought guidance from professionals on key issues, and engaged in outreach with industry, investors, government, and civil society. In June of 2013, these activities facilitated the completion of draft recommendations for a mandatory reporting mechanism that would require Canadian mining companies to disclose their payments to governments, both in Canada and abroad, on a country‐by‐country and project‐by‐project basis. Between June and September the Working Group accepted comments on the draft recommendations. The Working Group reviewed and addressed these comments over a period of several months, at which point each organization of the Working Group endorsed a final set of recommendations that were launched on January 16th 2014. This final framework can be viewed here, and is also available in French.