News

Despite shrinking revenues, Zambia is tightening its tax systems

On 23 December 2016, Zambia published its EITI data for 2015 including details about the country’s legal and fiscal regimes, license allocation and registration, mineral sales and more. According to the report, revenues from the mining sector in Zambia fell back by 9% in 2015 from 2014 due to lower commodity prices and less production. A total of ZMK 9 billion (USD 1.05 billion) was collected in tax,

Mongolia’s 2015 EITI Report highlights impact and gaps in mining licensing

Amongst most tangible improvements in Mongolia’s oil, gas and mining governance during the ten years of EITI implementation has been in the management of mining licenses. Yet there is still room for fine-tuning the system, the country’s tenth EITI Report highlights.

Azerbaijan’s most recent EITI Report show the impact of oil price falls.

Azerbaijan has published its EITI data for 2015 including details about the country’s legal and fiscal regimes, license allocation and registration, contracts, oil sales by the State Oil Company of the Azerbaijan Republic (SOCAR) and more. [See more

First Validation concludes meaningful progress

Wednesday 11 January - Timor-Leste has made meaningful progress in implementing the EITI Standard. The international EITI Board reached this decision following the recently published EITI Validation report. Validation is the EITI’s independent evaluation mechanism. Having been compliant with the EITI Rules since 2010, this is the first time Timor-Leste is tested against the EITI Standard.

EITI highlights transparent management of oil, gas and mining sectors

Wednesday 11 January - The EITI Board has determined that Peru has made “meaningful progress” in implementing the EITI Standard. The international EITI Board reached this decision following a Validation that commenced on 1 July 2016. Validation is the EITI’s independent evaluation mechanism. Having been compliant with the EITI Rules since 2012,

First Validation under the EITI Standard concludes meaningful progress, but more is needed.

Wednesdsay 11 January - Nigeria’s efforts to improve natural resource governance through the EITI Standard were recognised today by the international EITI Board. The recognition followed the recently published Nigeria EITI Validation report, as a result of which the EITI Board decided to extend Nigeria’s EITI membership. Validation is the EITI’s independent evaluation mechanism.

First Validation concludes meaningful progress, but more is needed.

Wednesday 11 January 2017 - Mongolia has made meaningful progress in implementing the EITI Standard. The international EITI Board reached this decision following the recently published EITI Validation report. Validation is the EITI’s independent evaluation mechanism.

View the full decision including the scorecard and supporting documentation

As extractives revenues slump, Niger’s 2014 EITI Report shines new light on contentious issues.

Squeezed by lower commodity prices in the past three years, the importance of transparency in resource-rich countries like Niger has only grown. Amidst the global crunch, Niger’s EITI reporting starts to open up issues related to the management of their resources. 

The EITI has received over USD 1 million in funding from the UK’s Department for International Development (DFID).

The Government of the United Kingdom affirmed its leadership role in fighting corruption and its support of efforts to reveal real owners ahead of the Open Government Partnership Summit in Paris this December.

Oil and gas income more than halved

Kazakhstan has released its 2015 EITI Report, documenting a substantial decrease in revenue from the extractive sector in 2015 compared to the previous year. Low commodity prices, devaluation of the national currency, tenge, and decline in oil output means that the government collected only USD 12 billion in taxes and other payments from the sector. In comparison, the sector yielded more than USD 26 billion in 2014.

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