Canadas Resource Revenue Transparency Working Group,
whose members include the Mining Association of Canada, the
Prospectors and Developers Association of Canada
and the Revenue Watch Institute, has released draft
recommendations on implementing mandatory reporting standards
for Canadian mining companies.
came after Canadian prime minister Stephen Harper announced
last week that his government would establish mandatory
reporting standards requiring operating companies to publish
the amounts they pay to foreign and domestic governments.
Ontario-based group said that the draft recommendations have
been developed through consultation with industry experts,
civil society and government officials.
"The Canadian mining
industry is fully committed to improving transparency in a way
that aligns with global standards," Mining Association of
Canada president and chief executive officer Pierre Gratton
In the United States, the Dodd-Frank Wall Street Reform and
Consumer Protection Act compels publicly listed companies to
report that information on a country-by-country and