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Digging for gems in Congo: resource-rich but corrupt countries collude with multinational firms (Photo: Julien Harneis)

Campaigners hail 'game-changing' EU deal on oil and mining corruption

MEPs and ministers have agreed groundbreaking rules requiring oil and mineral companies to report payments made to third world governments.

The new rules agreed on Tuesday (9 April) will require extractive firms to declare all payments to governments over €100,000 on a country-by-country basis. The payments, which will cover a broad range of payments in kind, would have to be published for each individual project.

MEPs also forced member states to scrap reporting exemptions in cou...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Digging for gems in Congo: resource-rich but corrupt countries collude with multinational firms (Photo: Julien Harneis)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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