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Article

16 Jan 2014

Author:
Publish What You Pay Canada

[PDF] New framework clears path for transparency in Canada's mining sector

Canadian exploration and mining associations, in collaboration with civil society organizations, have released recommendations for the development of a payment transparency standard for all publicly-traded mining companies in Canada. Today’s launch by the Resource Revenue Transparency Working Group provides Canada’s federal and provincial governments, alongside provincial securities commissions, with a blueprint for a payment reporting framework...Increased transparency will allow citizens and media to hold their governments to account for the revenues generated from mining activities and help to ensure that these revenues contribute to sustainable development and poverty reduction...The document provides a roadmap for Canada to fulfill its commitment to implement mandatory payment reporting standards for Canada’s mining sector...