25 October 2017 – The EITI Board today declared that Mozambique had demonstrated meaningful progress in implementing the EITI Standard. In making its decision, the Board took special note of Mozambique’s efforts to embed transparency provisions in the 2014 Petroleum and Mining Laws, which include provisions on contract disclosure, and the establishment of a public mining license cadastre. The Board encouraged the country to “implement this statutory openness through accessible,
Guyana is expected to become major oil producer in 2020s.
Wednesday 25 October: The EITI Board approved Guyana’s application to join the Extractive Industry Transparency Initiative (EITI) at its meeting in Manila on 25 October. Guyana became the latest country to implement the EITI, the global standard for the good governance of oil, gas and mineral resources.
Fredrik Reinfeldt, Chair of the EITI, said:
Ghana, Indonesia, Ukraine and United Kingdom also honoured
Chair of the EITI, Fredrik Reinfeldt, today announced the winner of the 2017 EITI Chair’s Award for Beneficial Ownership Transparency at the EITI ‘Opening Up Ownership Conference’ in Jakarta.
The winner was Kyrgyzstan for its new mining law, which requires companies to disclose their beneficial owners when they apply for a license. The law includes a clear definition of ownership,
Together with Guyana, two countries in the Americas set to implement the EITI
Mexico and Guyana have submitted EITI candidature applications to be considered by the EITI Board in Manila on 25-26 October.
Mexico – consolidating transparency through the EITI
In 2013 Mexico passed a constitutional reform to allow, for the first time in almost a century, private investment in the Mexican oil and gas sector.
The EITI Board congratulates the Philippines on its achievement, noting the impact of the EITI in generating reforms.
5 October 2017 – The Philippines’ was today assessed as the first country to meet all the requirements of the EITI Standard. The decision was made by the EITI Board, who noted the pioneering efforts in using EITI data to drive government reforms and generate a vibrant public debate.
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The EITI with the Government of Indonesia and partners, is proud to present the International Beneficial Ownership Transparency Conference: “Opening up ownership – sharing practice, building systems” in Jakarta, Indonesia on 23-24 October 2017. The objective of this conference is to bring together government representatives working on beneficial ownership reform to showcase best practices so far, discuss challenges,
The Selection Criteria and Process of Civil Society Representatives to the EITI International Board
The Board of the Extractive Industries Transparency Initiative (EITI) is comprised of representatives from each Constituency engaged in the EITI – governments of supporting and implementing countries, extractive companies and investors, and civil society organisations. As per the EITI standard each Constituency organises its own selection of representatives (i.e. nominations) for the EITI Board.
Need for trust and reliable data higher than ever in the midst of controversial mining sector reforms.
Just days after Tanzania’s 2014/15 EITI Report was published in end of June, the Tanzanian government passed laws with significant implications for extractive sector governance in the country (including the Natural Wealth and Resources Contracts Bill, the Natural Wealth and Resources Bill and the Written Laws Act).
The Extractive Industries Transparency Initiative (EITI) is committed to financial transparency. The EITI’s International Management* has just been awarded the five-star rating for fully disclosing the sources of its funding.
The accreditation comes from transparify, an organisation that analyses and rates the financial transparency of non-profit organisations worldwide. In its category (EU countries excluding the UK),
The Natural Resource Governance Institute (NRGI) has released its latest resource governance index (RGI), assessing the governance of the extractive sector in 81 resource-rich countries.
Commenting on the index, Eddie Rich, Deputy Head of the EITI said:
“The Resource Governance Index is an important tool for assessing how well the sector is governed in each country. It complements and will strengthen the work of the EITI in the 52 countries now implementing the Standard.