Solomon Islands Solomon Islands

EITI Status

EITI Status: 
Candidate country

Candidate since

Candidate since: 
28 June 2012

Extractive Industries

The Solomon Islands is heavily dependent on income from primary resource exports, which have been central to the country’s development aspirations and its associated challenges. Resource related grievance is cited as the main explanations for the destabilizing civil war (“the Tensions”) that divided the country between 1998 and 2003. The Gold Ridge mine, the only producing operation in the country then and now, has been cited as both a cause and a target of the conflict that took place at the mine site and in Guadalcanal during the uprising. With this background, how the mining sector develops and is managed is not only sensitive, but critical to sustainable development outcomes in the country.

EITI Reporting

The country has not yet produced an EITI Report.
The SIEINSG plans to publish its first report covering fiscal year 2012 by June 2014

EITI Implementation

The Solomon Islands are preparing their first EITI report covering financial years 2012-2013, which will be published accordance with the EITI Standard. The reports will disclose and reconcile the payments and revenues from Gold Ridge, the only producing gold mine in the country, as well as payments and revenues from the four largest prospecting companies. The MSG is also working on preparing an updated workplan, the 2013 annual activity report and the establishment of a national secretariat in the Ministry of Finance.

See Solomon Islands' EITI implementation timeline

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Innovations

Solomon Island's first EITI Report will disclose transfers of royalties from the central government to landowners.

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National Coordinator

Solomon Islands
Under Secretary-Economics
Ministry of Finance and Treasury
677-21058

International Secretariat

Solomon Islands
Regional Director
EITI International Secretariat
+47 21 68 53 84 / + 47 90 79 79 37

Facts & Figures

Latest Eiti Report: No Reports
Deadline for next Eiti report: Sunday, 29 June 2014

Solomon Islands News

The island state in the South Pacific...