ESTMA

ESTMA

The Extractive Sector Transparency Measures Act (ESTMA) is a Canadian law that entered into force in June 2015.

It requires companies in the extractive sector (at a very stage from exploration to closing) to publish payments made to different levels of government in Canada and in other countries (ESTMA Report).

This law applies to entities listed in Canada’s stock exchange, that’s Nexa’s case, entities that has a place of business in Canada, does business in Canada or has assets in Canada and that, based on its consolidated financial statements, meets at least two out of three specifics conditions described in the law; and/or any other prescribed entity.