News

Hit by a triple whammy of Ebola, falling commodity prices and low currency, the 2014 SLEITI report reveals the role of extractives in a challenging year

2014 marked the outbreak of the deadly Ebola epidemic that took over 3000 lives in Sierra Leone. The outbreak affected not only social and political activities but also disrupted economic activities.

The purpose of the meeting was to discuss Azerbaijan’s EITI implementation.

Wednesday 1 February 2016 – EITI Chair Fredrik Reinfeldt met with President Ilyam Aliyev during his visit to Baku today. The purpose of the meeting was to discuss Azerbaijan’s EITI implementation. Fredrik Reinfeldt also met with members of the Coalition of Azerbaijan’s Non-Government Organisations

Fredrik Reinfeldt after the meeting with the President:

The US Congress has voted to “disapprove” the rule submitted by the SEC relating to "Disclosure of Payments by Resource Extraction Issuers" required by section 1504 of the Dodd Frank Act. While this move still requires Presidential approval, this seems likely in the coming days. The outlook and implications are less clear. There may be further efforts by the SEC to redraft the rule, but also efforts to repeal or amend the Dodd Frank Act.  

Country moves to establish good governance before significant production 

On 25 January 2017, Lebanon announced its intention to join the Extractive Industries Transparency Initiative (EITI) with the aim of providing transparency and good governance in preparation for their first oil and gas licensing round. Speaking at a news conference, Minister of Energy and Water, Cesar Abou Khalil, said: ‘At the beginning of the new term, transparency is our main focus’.

EITI Report responds to pressing mining issues in the Philippines

With reforms underway, the recent publication of the 2014 Philippine EITI Report contains important findings on the mining sector’s contribution to the economy both at the national and local levels. It complements and informs other reviews of the sector.

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

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 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.

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