This EITI Report covers Honduras' extractive sector for years 2017 and 2018.
Honduras's extractive sector is small, but there has been interest in expanding mining investments and in developing the hydrocarbon sector.
In 2017, the mining sector contributed 0.2% to the GDP (402 million Lempiras or USD 16.4 million). In 2018, the mining sector contributed 0.2% to the GDP (429 million Lempiras or USD 18.1 million).
Source: Honduras Central Bank
Honduras sought beneficial ownership information from four mining companies operating in the country. Two of them provided information about their legal owners, noting that information about beneficial owners was not obtainable as the mother companies were registered in foreign jurisdictions. The report on beneficial ownership confirmed that Honduran legal framework does not require the identification of beneficial owners and does not allow mandatory declaration of personal information.
However, Honduras produced a beneficial ownership roadmap to be carried out from 2017 to 2019 which considers the institutional structure to reveal beneficial ownership, definition and level of details to reveal, among other factors.
Honduras, through INHGEOMIN, is working to strengthen the monitoring of production data. Mining companies report production amounts in their annual declaration (DAC) to INHGEOMIN.
|Company||Commodity||Production amount||Production value USD|
|Eurocantera S.A de C.V||Gold||71,94 Kg||2 052 514|
|Five Star Mining S.A de C.V||Iron Oxide||515 800 TM||23 827 992|
|Company Minera Clavo Rico S.A. de C.V||Gold||2 162,27 Kg||2 791 158|
|Company Minera Clavo Rico S.A. de C.V||Silver||3 163,05 Kg|
|Minerales de Occidente S.A de C.V||Gold||2 578,26 Kg||110 077 651|
|Minerales de Occidente S.A de C.V||Silver||460,32 Kg|
|American Pacific Honduras S.A de C.V||Silver and lead concentrate||25 253,9 TM||97 602 797|
|American Pacific Honduras S.A de C.V||Silver and zinc concentrate||51 921,52 TM|
|Agregados del Caribe S.A de C.V||Quarries||980 449,885 TM||8 986 146|
The EITI encourages multi-stakeholder groups to explore innovative approaches to make the EITI more relevant and useful.
Honduras completed a report on beneficial ownership disclosures in October 2015. The report reveals the beneficial owners from companies that voluntarily agreed to have these details published. The report includes disclosure on legal ownership of companies which parent companies are publicly listed. The report included a legal review concluding that Honduran legal framework does not require the identification of beneficial owners and does not allow mandatory declaration of personal information.
The latest EITI Report produced by Honduras covered the years 2017-2018. The first Validation started on 25 October 2017, in which the EITI Board announced the country had reached "meaningful progress".
Honduras produced the country's first EITI Report for fiscal years 2012 and 2013 in May 2015. In accordance with the EITI Standard, Honduras conciliates payments done by 6 metallic mining companies with the receipts collected by central government and municipalities. The Report also includes a confirmation of the payment of US$ 300 000 made by BG International Limited, Sucursal Honduras for the concept of canon with the receipts of the Secretary of Natural Resources and Environment (SERNA).
Honduras' second EITI Report, covering 2014, was published in September 2016. The Report provides payments data from the seven companies that account for 89% of the mineral exports and from one hydrocarbon company. According to the report, Honduras received USD 14.5 million in revenues from the mining sector. This EITI Report makes available for the first time clear and concise information about mining licenses, which complements data available in the transparency portal of the mining regulator INHGEOMIN.
Honduras' third EITI Report, covering 2015-2016, was published in June 2018. The Report conciliates payments done by nine mining companies representing more than 85% of the total revenue received by the Honduran government from mining activities in 2015 and 2016. .
Honduras' fourth EITI Report covers the fiscal years 2017 and 2018. The Report provides payments data from eleven companies, that account for more than 90% of mining production in the country. The 2017-2018 Report makes available information with a gender perspective on the extractive sector, covering employment and hihglighting institutional chances directed to enhancing the quality of information in the extractive sector with a gender perspective.
Honduras became candidate on 22 May 2013. See Honduras' candidature application for more details.
According to the Decree PCM-044-2012, establishing the EITI-Honduras MSG, the distribution of seats is as follows:
State Secretary of Enery, Natural Resources, Environment and Mining (SERNA)
Honduran Institute of Geology and Mining (INHGEOMIN)
State Secretary of Finances
Institute for Access to Public Information (IAIP)
Asociation of Honduran Municipalities (AMHON)
Honduran National Association of Metallic Mining (ANAMIMH)
National Industrial Association (ANDI)
National Federation of Trade and Commerce (FEDECAMARA)
Honduran Counsil of Private Companies (COHEP)
National Anticorruption Counsil (CNA)
Alt. Foro Nacional de Convergencia (FONAC)
Federeation of Non-governmental Organizations for the Development (FOPRIDEH)
Alt. Foundation Democracy without Borders (FDsF)
Universidad Jose Cecilio del Valle (UJCV)
Alt. Universidad Nacional Autonoma de Honduras (UHAN)
On 27 October 2020, Honduras was found to have made meaningful progress with considerable improvements in implementing the 2016 EITI Standard. However, following the assessment of Requirement 1.3 on civil society engagement as "inadequate progress", Honduras will be temporarily suspended in accordance with Requirement 8.3.c.i. The Board determined that Honduras will have 18 months before a third Validation , i.e. until 28 April 2022, to carry out corrective actions regarding industry engagement (Requirement 1.2), civil society engagement (1.3), disaggregation (Requirement 4.7), data quality (Requirement 4.9), Public debate (Requirement 7.1) and follow-up to recommendations (Requirement 7.3).
The country was admitted as EITI candidate in 2013. In its first Validation, Honduras was found to have achieved meaningful progress in implementing the EITI Standard in October 2017.
On 24 December 2020 the EITI Board agreed a revised Validation schedule (Decision 2020-92 BC 300). Honduras' third Validation will begin on 1 January 2023.
This work plan covers the years 2019 and 2020 for the National Secretariat of Honduras.
This is Honduras's 2017 Annual Progress Report in accordance to requirement 7.4 and 8.4.
This EITI Report covers Honduras' extractive sector for years 2015 and 2016. It was published on 29 June 2018.
This is the Honduras EITI 2016 Annual Progress Report (in accordance with Requirements 7.4 and 8.4).