To combat illegal exploitation of conflict minerals in Africa, the European Commission is expected to table by November a proposal for an EU law asking large companies to reveal their oil and mining activities to shareholders. The EU executive will table a proposal to include “mandatory country-by country disclosure” of money flows between mining companies and governments, a senior Commission official told the Financial Times. The EU law will use the so-called ‘Dodd-Frank’ bill in the US as a minimum standard, said Klaus Rudischhauser.
See http://www.euractiv.com/en/specialreport-rawmaterials/eu-table-oil-mining-transparency-bill-news-502755.