Wednesday, April 28, 2010

BHP urged to open up on payments

April 28, 2010
By MATHEW MURPHY
The Age

BHP Billiton has been urged to show leadership and voluntarily disclose all payments made on a country-by-country basis to avoid allegations such as the Cambodian ''tea money'' scandal from damaging its reputation.
Non-government organisation Oxfam called for the action in the wake of the US Securities and Exchange Commission's investigation of payments BHP made to the Cambodian government, allegedly to secure bauxite leases.
Oxfam's mining advocacy co-ordinator, Serena Lillywhite, said BHP, as a supporting company to the Extractive Industries Transparency Initiative (EITI), should honour the principles of the agreement.

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