November 14th 2011 - 2:41PM ... Bady Balde
Candidate country
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EITI DRC website
Overview of the Extractive Industries 10 million people (16%) of the Congolese population are directly or indirectly dependent on small scale mining. In the 1980s, the mining sector contributed 25% of total tax receipts, 75% of total exports and 25% of GDP. In 2005, the Congolese government reported USD 27m tax receipts from the mining sector (2.4% of total fiscal receipts). Furthermore the sector contributed 0.24% of GDP.DRC is an often cited example of the so-called "paradox of plenty." Extremely rich in natural resources (80% of world wide resources of Coltan, 10% of world wide resources of copper), the population suffers of extreme poverty (80% of the Congolese population lives of less than US$ 0.20 a day). Status of EITI ImplementationAt its meeting in Amsterdam on 9 July 2011, the Board considered the request from the Democratic Republic of Congo for a secretariat review. In accordance with the Board decision on 13 December 2010 and the transitional arrangements adopted by the Board on 9 June 2011, the Board agreed that having failed to meet the deadline for corrective actions of 12 June 2011, the Democratic Republic of Congo was not eligible for a secretariat review. In accordance with the transition procedures for the 2011 edition of the EITI Rules, the Board agreed to renew the Democratic Republic of Congo’s EITI Candidate status for 18 months (until 1 March 2013), by which time the Democratic Republic of Congo will be required to have completed an EITI Validation that demonstrates compliance with the 2011 edition of the EITI Rules.On 14 December 2010, the EITI Board designated The Democratic Republic of the Congo, as an EITI Candidate country that is “Close to Compliant”. The Democratic Republic of the Congo was granted six months (until 12 June 2011) to complete the remedial actions needed to achieve compliance.The Democratic Republic of the Congo was accepted as an EITI Candidate Country at the Board meeting in Accra 22 February 2008. After some initial difficulties following the national elections in March 2007, the EITI implementation process in the DRC gained momentum. Due to the commitment of all local stakeholders, some major tasks have been accomplished:The first EITI Report was approved by the Executive Committee on 14 January 2010; On 9 September 2010, the Executive Committe submitted its final Validation Report to the Board. Governance of EITI implementation EITI is governed by a multi-stakeholder committee, Comité executif. The day-to-day implementation of the work programme is ensured by a permanent secretariat (Secrétariat technique). Mr Olivier Kamitatu, Minister of Plan, leads the EITI multi-stakeholder group. Professor Jeremy Mack Dumba serves as the interim National Coordinator for EITI-DRC. EITI Focal Point Professor Jeremy Mack DumbaInterim National CoordinatorE-mail: mack [dot] dumba [at] itierdc [dot] org, Tel. 00243 99 0471666 Companies operating* Oil & gas companies: Chevron Corp*, TOTAL*, Eni*, Inpex (Japan), Perenco, Tullow Oil, Heritage Oil Mining companies: Anglo American*, AngloGold Ashanti*, DeBeers*, Freeport-McMoRan Copper & Gold *, Gold Fields*, Katanga Mining Ltd*, First Quantum Minerals, Moto Gold Mines, Mwana Africa plc, Metorex Ltd, Glencore International, Central African Mining and Exploration (Camec).* EITI Supporting Company * Note: Company list based on EITI research and is not conclusive Further information about the status of EITI implementation in DRC can be provided by Policy Adviser Tim Bittiger at the EITI International Secretariat.
