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Oil and mineral companies will have to report payments to governments (Photo: ezioman)

EU to agree transparency rules for oil and mining firms

EU officials will meet Tuesday evening (9 April) for what are expected to be the final talks on radical new rules cracking down on corruption between extractive companies and third world governments.

Under the deal brokered between MEPs and ministers on the Accounting and Transparency directives, all large publicly listed and non-listed extractive companies would be required to declare all payments to and from governments over €100,000 on a country-by-country basis.

The payments,...

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Oil and mineral companies will have to report payments to governments (Photo: ezioman)

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