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The cost of compliance

Mining companies listed in the UK are now required to be more transparent with their reporting of payments to governments in line with the 2013 EU Accounting Directive. Whilst the mining sector will benefit from this promotion of greater accountability, the changes bring additional compliance costs for affected companies.

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The consequences for non-compliance with FCA regulation can be dire (image: Tar Sands Blockade)

The stated intention of these new rules is to give citizens of resource-rich countries the information they need to hold their governments to account, and the new obligation to keep reports on public

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