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.
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.