Ghana has published its third EITI report presenting the aggregation and reconciliation of mining benefits paid by mining companies and received by the Government of Ghana in 2005. Earlier aggregated reports included those for January 2004-June 2004 and July 2004-December 2004. Ghana is hoping to complete validation in 2009.
Welcome to a new edition of the EITI Newsletter. The main story is the 4th EITI International Conference will be held in Doha 16-18 February 2009. In addition, it provides a briefing on EITI Validation, an article focusing on the question ”Does EITI Work?”, and updates from EITI implementing countries Azerbaijan and Equatorial Guinea.
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In their final statement from the G8 Summit in Hokkaido Toyako, G8 leaders reiterated their backing of the EITI, and encouraged emerging economies and their companies to support the initiative. In June, G8 Finance Ministers and G8 Energy Ministers expressed their backing of the initiative and called for broader implementation.
In the final statement the G8 leaders state that
[img_assist|nid=362|desc=|link=none|align=right|width=106|height=150]At an event in London hosted by BP, Peter Eigen, Chair of the EITI and founder of Transparency International, launched a new guide for how companies can play an integral role in helping create transparency in the extractive sector. The new EITI Business Guide, a joint publication of the EITI and the International Business Leaders Forum, outlines how business can support the implementation of the EITI.
Speaking about the the proposed legislation in US Congress that aims to improve the transparency about revenues from resources, Chairman of the EITI, Dr Peter Eigen went on record saying the following:
The EITI is following the discussion regarding this proposed legislation with interest. We welcome efforts to improve resource revenue transparency that are consistent with the goals of the EITI. The EITI is a country led and owned initiative. However, at the international level,
On 3 June 2008, the Government of the Republic of Azerbaijan announced the release of the Government's eighth EITI report (Jan-Dec 2007). The release is accompanied by the Aggregator's opinion based on individual submissions of extractive industry companies participating in the EITI process in Azerbaijan. The press release and reports are available here
[img_assist|nid=391|title=|desc=|link=none|align=right|width=150|height=49]The Africa Progress Panel, an independent mechanism that monitors implementation of commitments and report on progress in Africa, recently launched its 2008 report In the report, the panelists (including Kofi Annan, Tony Blair, Bob Geldof and Muhammad Yunus) conclude that together with the APRM,
Welcome to the spring edition of the quarterly EITI Newsletter. We hope that this quarterly EITI newsletter will be a useful resource for readers that wish to follow recent developments in the EITI community. 3000 users have signed up to receive regular email updates - illustrating both the growing interest in EITI and the growing expectations.
[img_assist|nid=387|title=|desc=|link=none|align=right|width=110|height=150]The Energy Ministers of G8 plus China, India and Korea met in in Aomori, Japan on 8 June 2008. They welcomed implentation of EITI in their Joint Statement
We welcome the efforts of countries exporting oil and gas as well as minerals that are implementing the Extractive Industries Transparency Initiative (EITI) on a voluntary basis to strengthen governance by improving transparency and accountability in the extracti