Screening the beneficial owners and integrity of companies applying for extractive rights is key to tackling corruption in the oil, gas and mining sectors.
beneficial ownership – mining
What’s the track record of a company applying for a mining licence? Poor due diligence can allow those with a history of corruption the right to mine in Australia.
Mongolia’s long-awaited draft Extractive Industries Transparency Law is an opportunity for the country to plug the gaps that leave its mining sector exposed to conflicts of interests and corruption.
Anti-corruption advocates in Sierra Leone are hoping a new law will give the government a better mandate to conduct robust integrity checks on companies applying for mining rights.
TI chapters are working to have their governments introduce rigorous beneficial ownership and integrity due diligence as part of the licensing process.
In Indonesia, civil society efforts have brought to light gaps in the implementation of the country’s beneficial ownership disclosure law. TI-Indonesia looks at the opportunities for progressing this agenda.
Australia holds itself out as a world-class destination for mining companies. But do we really know who is coming here to mine?