January 10th 2011 - 4:08PM ... Bady Balde
Candidate country
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Peru's EITI website
Overview of Extractive Industries Peru is the world’s sixth-largest producer of gold and copper and the second largest producer of silver. It also ranks highly in output of zinc and lead. In 2008, mining accounted for 6% of GDP, but provided over 70% of total export. The country is a significant producer of oil and gas. Ongoing development of natural gas and condensates in the Camisea basin is boosting the extractive sector contribution to Peru’s economy and to the Government’s fiscal revenues. Status of EITI Implementation On 14 December 2010, the EITI Board designated Peru, as a EITI Candidate country that is “Close to Compliant”. Peru was granted six months (until 12 June 2011) to complete the remedial actions needed to achieve compliance. Peru has requested to the International Secretariat on 11 June 2011 the Secretariat review to complement the validation report. The Secretariat review has been concluded and a decision on Peru's validation status by the EITI International Board is expected on 15 February 2012. CAC75 conducted EITI Validation in June-August 2010. A final validation report was submitted to the International Board in September 2010. The first EITI reconciliation report covering the years 2004 to 2007, produced by Ernst & Young, was published in November 2009 and is available in the webpage of the Ministry of Energy and Mines, as well as through the following link: http://intranet2.minem.gob.pe/web/eiti/archivos/publicaciones/Estudio_Conciliación.pdf.The second EITI reconciliation report covering 2008 to 2010 and produced by Ernst & Young was published in January 2012 and it is available in the Ministry of Energy websitelink to the spanish version: http://eitiperu.minem.gob.pe/estudios.php?idEstudio=58 (a english version is expected to be available in March 2012) Peru was admitted as a EITI Candidate country by the EITI Board in September 2007. Governance of EITI Implementation On 12 May 2006, the Government of Peru published an Executive Decree that approves the EITI Action Plan, creates an EITI Working Group which represents the entire stakeholder’s constituency, and provides a legal basis to the implementation of EITI. The mandate of this working group was renewed by Presidential Decree 5 September 2008. The EITI National Committee (called COMISION NACIONAL, in Spanish)Luis Espinoza- Vice-Minster of MinesSr. Jose L. Carbajal - Technical Secretary of the CommissionMinistry of Finance- Sr. Hugo Oropeza - DG Social ManagementUniversities ( Pacific University - Sra. Cynthia Sanborn; Catholic University- Sr Carlos Wendorff)Civil Society - Grupo Propuesta Ciudadana - Sr Epifanio BacaCentro Bartolome de las Casas - Sr. Marco ZeisserIndustry - Sociedad de Mineria, Petroleo y Energia - Sra. Caterina PodestaSouthern Peru Copper Co. - Sr. Carlos ArandaAguaytia Energy del Peru - Sr. Dante LaGatta EITI Focal Point Jose Luis CarbajalDirector General of Social ManagmentMinistry of Energy and MinesEmail:jcarbajal [at] minem [dot] gob [dot] pe Companies operating* Oil & gas companies: Petrobras*, Repsol*, CNPC (China), Ecopetrol (Colombia), Petroleos (Spain), Pluspetrol (Argentina), Sonatrach, ConocoPhilips* Mining companies: Anglo American*, Barrick Gold*, BHP Biliton*, Freeport-McMoran*, Gold Fields*, Newmont*, Nippon Mining & Metals*, Rio Tinto*, Sumitomo Metal Mining*, Teck Cominco*, Vale*, Xstrata (Glencore)*, Shougang Corp (China), Grupo Mexico, Iamgold, Imerys, Pan American Silver, Southern Copper, Tiomin Resources* EITI Supporting Company * Note: Company list based on EITI research and is not conclusive For further information, please contact Francisco Paris in the EITI International Secretariat.
