Honduras Honduras

EITI Status

EITI Status: 
Candidate country

Candidate since

Candidate since: 
22 May 2013

Extractive Industries

Honduras's extractive sector is small. In 2013 it accounted for 0.9% of GDP (Central Bank of Honduras). However, there has been a increased interest in expanding the sector. 

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 USD 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 further 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 amounted to about USD 1 million.

Concerning oil and gas, the government awarded a license to BG Group directly for hydrocarbon exploration in an area of approximately 300 million km2 in the Mosquitia province in the east of the country by the Caribbean Sea in April 2013.

EITI Reporting

The country has not yet produced an EITI Report.

EITI Implementation

The Terms of Reference for the first report (covering 2012 and 2013) were approved by the multi-stakeholder group and the procurent of the independent administrator is underway. 

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

Timeline of Honduras' implementation (click on image to enlarge):

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Innovations

  • Pilot project on benefitial ownership. An international consultant has been engaged to support Honduras with the pilot.

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National Coordinator

Honduras
EITI-Honduras
+504 2290 5160

International Secretariat

Honduras
Country Officer
EITI 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

Honduras News

"Scratching where it itches" - this is...
Picture from the left: Marlene Villela...