This is the Guatemala EITI 2016 Annual Progress Report (in accordance with Requirements 7.4 and 8.4).
Guatemala’s extractive sector represented 1.58% of GDP for 2013, according to the latest EITI Report. The main commodity is gold, with an annual production that peaked in 2011 (around 12 thousand kilos) with a contraction in 2012. The largest gold mine, Marlin, is owned by the Canadian firm Goldcorp (a member of ICMM). The second largest commodity is silver, with a sales volume equivalent to a quarter of the gold sales. Guatemala is the 15th largest producer of silver in the world and the 43rd largest producer of gold, according to the International Organizing Committee for the World Mining Congress.
There is a limited oil production as well. In 2011, the country produced 4 million barrels according to the 2011 EITI Report, but production has fallen in recent years according to the latest EITI Report and total production in 2013 was 3.65 million barrels. Guatemala is a net importer of oil. On the other hand, it has identified mineral deposits of coal, cobalt, copper, gold, iron ore, limestone, sand and gravel and uranium that could provide investment potential for further development. The sector is overseen by the Ministry of Energy and Mines.
Revenues collected from the mining companies are allocated to the national treasury while those from the oil and gas sector are allocated to the National Development Fund -Fonpetrol, created according to Decree 71-2008- (28%) and to the national treasury (72%).
Fonpetrol, in turn, allocates to departments and municipalities in accordance to the following formula: 5% to be distributed among all departments (proportional to population), 20% to producing departments and 3% to the local agencies responsible for monitoring the protected areas. This distribution is reconciled in the EITI Report.
The EITI encourages multi-stakeholder groups to explore innovative approaches to make the EITI more relevant and useful.
Guatemala's latest EITI Report is the first under the EITI Standard. Among other things, this latest report includes an analysis of how limited licenses are affecting the financial contribution of the sector. As in previous reports it includes information on how the income from their extractive industry was distributed among some municipalities, the Petroleum Fond (FONPETROL), and the transfers made to the Protected Areas Council (PAC).
The Report also summarises the number of active licenses by stage of development (prospecting, exploration and exploitation) for quarries, metallic and non-metallic minerals. In the oil and gas sector, the report also provides an overview of active exploration and exploitation contracts.
Guatemala published its Beneficial Ownership roadmap in April 2017, available here.
Guatemala released the 2014 and 2015 EITI Reports in January 2017.
Guatemala published the 2012 and 2013 reports in 2015.
The 2016-2017 Work Plan approved by the Multi-stakeholder group is available here.
Guatemala was designated EITI compliant on 19 March 2014.
The 2015 Annual Progress Report is available here.
The Guatemalan MSG is presided by Champion, Jafeth Cabrera, Vicepresident of the Republic of Guatemala. The MSG is composed by:
EITI Champion: The Vicepresident of the Republic
Minister of Energy and Mines
Alt. Viceminister of Mining and Hydrocarbons
Minister of Public Finances
Alt. Officer at the Minister of Public Finances
Minister of Environment and Natural Resources
Alt. Officer, Ministry of Environment and Natural Resources
Acción y Propuesta
Alt. Convergencia Tezulutlan
Other members: Acción y Propuesta, Guatecivica
Sr. Alfredo Galvez, Mining sector
Sra. Regina Rivera, Mining sector
Alt. Juan José Cabrera, Mining sector
Sr. Fredy Gudiel, Hydrocarbon sector
Alt. Vanessa Rodas, Hydrocarbon sector
This EITI Report covers Guatemala's extractive sector in 2014 and 2015. It was published in January 2017.
This is the Guatemala EITI 2016-2017 work plan (in accordance with Requirement 1.5).
This is the Guatemala EITI 2015 Annual Progress Report (in accordance with Requirements 7.4 and 8.4).
This EITI Report covers Guatemala's extractive sector in 2012-2013.
This EITI Report covers Guatemala's extractive sector in 2010-2011. It was published in May 2013.
EITI responsibilities:Geographically: Latin America and CaribbeanOther areas include reporting, mining, sub national flows and accounting standards and research.
Dr Paris has worked both in the private sector in banking and consulting and in the