News

The US House Financial Services Committee yesterday voted to proceed with a bill (H.R. 4519) that would repeal Section 1504 of the Dodd-Frank Act.

The EITI Chair Fredrik Reinfeldt said: "I believe it would be a setback for transparency in the extractive industries if this legislation is adopted and 1504 repealed".

Kazakhstan published its 12th EITI Report in October 2017, keeping its leading position in timely reporting.  The 2016 EITI Report covers the biggest mining, oil and gas companies which account for almost 99% of the extractive revenues. The report shows that the government received USD 27 billion from the sector, constituting over one third of their revenue and more than half of the total exports in 2016. Total social payments reported by the companies amounted to USD 114 million.

21/11/2017 – EITI-Mauritania is today launching an app aimed at providing easy access to key and simplified data on Mauritania’s mining and petroleum sectors drawing from EITI reports since 2012.

This app, available in French and soon in Arabic, was developed by students from the University of Nouakchott, with support from the EITI-Mauritania national secretariat and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)

It is with regret that we have received the decision from the Government of Niger announcing their withdrawal from the EITI.

The EITI Chair, Fredrik Reinfeldt, commented:

“This is an unfortunate decision, because Niger has made significant progress using the EITI to improve its mineral governance. We hope that the government of Niger will soon recommit to implement the EITI and that the EITI in the future can support further reforms to improve transparency and accountability in the sector.”

On 2 November 2017 the United States government announced that it was discontinuing EITI implementation. The EITI Chair, Fredrik Reinfeldt, issued the following statement:

“This is a disappointing, backwards step. The EITI is making important gains in global efforts to address corruption and illicit financial flows. Our work supports efforts to combat transnational crime and terrorist financing. It’s important that resource-rich countries like the United States lead by example.

The EITI world was focused in late October on South East Asia. The EITI and the Government of Indonesia hosted a two-day conference on beneficial ownership transparency on 23-24 October and the 38th EITI Board meeting was held in Manila on 25-26 October.

Opening up Ownership Conference - sharing practice, building systems

In Jakarta, the EITI held the Opening up Ownership Conference - the first global meeting of experts and policy makers on beneficial ownership transparency. EITI Chair,

More government involvement is needed to extend transparency in the governance of the oil and mining sector. 

26 October 2017 - At its meeting in Manila, the Philippines, the EITI Board today commended Iraq’s efforts to bring transparency to its oil exports and encouraged the Government of Iraq to make progress on a number of other aspects of the sector. While recognising the difficulties under which Iraq was implementing the EITI,

EITI Board suspends the country noting in particular a recent deterioration in civil society space.

Today the international EITI Board agreed that Niger has made progress against key issues in the 2016 EITI Standard but that significant areas of concern needed to be addressed. Having been compliant with the EITI Rules since 2011, this is the first time that Niger has been assessed against the EITI Standard. Acknowledging the security challenges in the country, the EITI Board identified gaps,

Norway becomes first country to progress from EITI reporting to full systematic disclosure

25 October 2017 - The EITI Board today decided that Norway can proceed with ‘mainstreamed implementation’. The decision followed an application submitted to the EITI Board earlier this year. The Board’s decision means that from now on Norway will publish information about the petroleum sector on www.norskpetroleum.no rather than in an EITI Report.

Report highlights further opportunities to promote greater transparency and accountability.

25 October 2107 - Honduras has made “meaningful progress” in implementing the EITI Standard. Honduras joined the EITI in 2013, and has published information about the sector covering fiscal years 2012 to 2014.

Validation is the EITI’s independent evaluation mechanism. It assesses whether EITI implementation is in line with the EITI Standard, examines the impact of the EITI,

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