News

Togo recognised as making meaningful progress against the EITI Standard - EITI helps brings tax reforms in mining

May 9, 2018

EITI Secretariat

The EITI Board congratulated Togo on its achievement, noting that the EITI has brought valuable information to the public domain and improved the country’s statistics.

8 May 2018 – Togo was today assessed as having made meaningful progress in meeting the requirements of the EITI Standard. The decision was made by the EITI Board, who commended the efforts of the Government of Togo on progress made in using the EITI to enhance transparency and accountability in the country’s extractive industries.

Côte d’Ivoire declared to have made meaningful progress with EITI Standard

May 9, 2018

EITI Secretariat

Validation

The Board welcomed the government’s use of the EITI to inform reforms in the mining sector

The international EITI Board today recognised Côte d’Ivoire’s efforts to improve natural resource governance through the EITI Standard. The Board concluded that the country had made meaningful progress in meeting the EITI requirements. The Board welcomed recent reforms to improve the governance of the sector through an online mining cadastre and coverage of the artisanal and small-scale mining sector.

Senegal declared first country in Africa to have made satisfactory progress in implementing the EITI Standard

May 9, 2018

EITI Secretariat

Validation

The Board welcomed Senegal’s fast pace and innovative EITI implementation

8 May 2018 - The international EITI Board today welcomed Senegal’s progress in using the EITI to drive government reforms and generate a vibrant public debate on the nascent extractives sector. The Board concluded that the country had made satisfactory progress in meeting EITI requirements, making Senegal the first country in Africa and the fourth EITI implementing country to reach this level of progress.

OGP and the EITI – creating a transparency circle

May 7, 2018

EITI Secretariat

OGP

Yellow: OGP Countries, blue: EITI countries, purple: EITI-OGP countries.

Since its inception, the Open Government Partnership (OGP) has encouraged its resource-rich members to commit to joining the EITI. NRGI carried out a review of commitments made under the EITI and OGP in 2017 and found that 7% of all OGP commitments were related to the extractive sector. Since then, points of collaboration have increased as new issues have come to the fore, especially beneficial ownership,

UK’s overseas territories to have beneficial ownership registers

May 4, 2018

EITI Secretariat

Beneficial Ownership

On 1 May, the UK parliament voted to accept an amendment to the sanctions and anti-money laundering bill on Tuesday that requires the UK’s overseas territories to publish public registers of company ownership by the end of 2020. The territories include Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Falkland Islands, Gibraltar, Montserrat and the Turks and Caicos Islands.

Fredrik Reinfeldt to step down as Chair of the EITI Board in 2019

Apr 30, 2018

EITI Secretariat

Fredrik Reinfeldt has informed the EITI Board that he is not seeking a second term as EITI chair when his first three-year mandate runs out next year. The changeover will take place at the EITI Global Conference in 2019.

The Board has begun the search for a successor. It welcomes nominations and applications. Please visit eiti.org/jobs for more information.

Mongolia: Where to from here?

Apr 30, 2018

EITI Secretariat

mainstreaming, systematic disclosure

Using the EITI to further strengthen government systems is key to impact.

Now that Mongolia has been found to achieve at least satisfactory progress on all EITI requirements the key question on stakeholders’ lips is “Where to go from here?”

The USD 9.3bn in mining, oil and gas revenues collected over 11 years (2006-2016) tells an interesting story.

Gunvor becomes the second commodities trading house to support EITI

Apr 18, 2018

EITI Secretariat

Commodity trading

Oslo, 18 April 2018 - Gunvor Group, one of the world’s leading commodity trading firms, today announced its support of the Extractive Industries Transparency Initiative (EITI), the global standard for governance of the natural resources.

The EITI welcomed Gunvor’s commitment and called on more commodity traders to join the work towards comprehensive and practical reporting guidelines that would bring more transparency and accountability to the sector.

Peru extends EITI reporting to social and environmental impacts

Mar 26, 2018

EITI Secretariat

Country uses the process to address key community concerns.

On Wednesday 21 March 2018, Pedro Pablo Kuczynski resigned the presidency of Peru over a vote-buying scandal. This was a culmination of corruption scandals and political instability in the country in recent years.

In this context, Peru’s implementation of the EITI is important. In 2017 and 2018, the EITI multi-stakeholder group, with support from government industry and civil society organisations,

Ecuador commits to implement the EITI

Mar 13, 2018

Francisco Paris

EITI implementation

Ecuador highlights desire for responsible mining

On 5 March Ecuador’s Mining Minister Rebeca Illescas committed to implement the EITI Standard. The commitment was made at “Ecuador Day” at the PDAC in Toronto on 5 March. Minister Illescas stressed that joining the EITI is “ very important for the government as an step to ensure mining is developed in the country following the best practices in the industry

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