A slight hiatus in blogging…
Good article from Canadian conference this month on mining companys’ role in transparency and development – Mining firms gambling on ‘easy money’.
It seems rather straight forward that companies claiming to work to “international standards” regularly report on their profit sharing and taxes. This is an element of the World Bank Group’s Performance Standards, which requires its clients (and therefore clients seeking money from Equator Principle Financial Institutions) to “publicly disclose their material project payments to the host government (such as royalties, taxes, and profit sharing) and relevant terms of key agreements that are of public concern.” However, from the sound of it, this doesn’t yet seem to be common practice yet.
I have noticed that this isn’t always as easy as it seems.
