Honduras Honduras

EITI Status

EITI Status: 
Candidate country

Candidate since

Candidate since: 
22 May 2013

Extractive Industries

The Honduran mining sector is organized in two groups: metallic and non-metallic (quarries) minerals. During 2011, the tax collector (Direccion Ejecutiva de Ingresos) and the Executive Direction of Mining Development (DEFOMIN) reported total receipts from the mining sector of approximately US $17 million.  Income tax represents 96% of this total.  
 
DEFOMIN also informs that 98 exploitation licenses for metallic minerals and 161 exploitation licenses for non-metallic minerals have been awarded. It was also reported that 21 companies exploited non-ferrous minerals and quarries and five mining companies exploited metals (gold, silver, iron oxide, zinc and lead). Production of these metals in 2012 was: 278 troy ounces of gold, 1.33 million metric tons of iron oxide, 36 million pounds of zinc, 6 million pounds of lead, and 1.4 troy ounces of silver. 2012’s exports were about US $1 million.
 
Oil and gas
In April 2013, the government awarded directly a license to BG Group for hydrocarbon exploration  in an area of approx. 300 mil km2 in the Mosquitia province in the east of the country by the Caribbean Sea.  

EITI Reporting

The country has not yet produced an EITI Report.

EITI Implementation

Honduras became candidate on 22 May 2013. See Honduras' candidature application for more details.

The ToR for the first report (covering 2012 and 2013) were approved by the Multi-Stakeholder Group and the selection of the Independent Administrator is due to start in September 2014.

Following the transitions arrangements approved by the EITI Board on 21 August 2013, Honduras is preparing its first EITI Report in accordance to the EITI Standard. 

See Honduras's EITI implementation timeline

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Innovations

Honduras's National Commission has agreed to conduct a pilot project on benefitial ownership. Work has commenced with an international consultant engaged to support Honduras with the pilot.

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National Coordinator

Honduras
EITI-Honduras
+504 2290 5160

International Secretariat

Honduras
Regional Director for Latin America and Caribbean
EITI International Secretariat
+47 216 85 393
Honduras
Country Manager
EITI International Secretariat
+47 21685394

Facts & Figures

Latest Eiti Report: No Reports
Deadline for next Eiti report: Friday, 22 May 2015