The Asian Development Bank has formally endorsed the Extractive Industries Transparency Initiative. EITI Chairman Dr Peter Eigen welcomed this announcement: "The ADB joins a growing coalition of countries, organizations, companies and investors committed to promoting resource revenue transparency, and with a shared goal of ensuring that exploitation of natural resources fosters economic growth and reduces poverty.

<span class="inline inline-right">[[{"type":"media","view_mode":"wide","fid":"2850","attributes":{"alt":"","title":"","class":"media-image","typeof":"foaf:Image","wysiwyg":1,"width":"160","height":"120"}}]]</span> <p> A group of EITI Board members and supporters visited a gold mine that Newmont operates in Ahafo in northern Ghana. They also met with the Ahafo District Assembly.<!--break-->

[img_assist|nid=258|title=|desc=|link=none|align=right|width=120|height=150]Peter Eigen, EITI’s Chairman, was awarded the European Parliament’s Ethics and Business Award 2007 for Outstanding Individuals on 3 December 2007. 

The award was given to Peter Eigen “for creating global awareness that corruption demoralises societies and misallocates resources, for building a global coalition against corruption in business and public life,

22 February 2008, Accra, Ghana

Seven new countries have been accepted as Candidates to the Extractive Industries Transparency Initiative (EITI). They are therefore implementing the EITI principles for publishing revenues in the extractive sector. The decision was taken by the EITI International Board at its meeting in Accra on 22 February. It followed a clear commitment of these resource-rich countries to make their revenue flows from sales of oil, gas or mining more transparent.

Tuesday 29 January President Umaru Musa Yar’Adua of Nigeria approved the appointment of former ASUU President, Prof Assisi Asobie as Chairman of the National Stakeholder Working Group (NSWG) of NEITI.

In his speach at the inauguration of the new steering committee (NSWG), President Yar’Adua expressed his governments' continued support of the EITI.


Reuters reports that Gabon has lifted the suspension on 22 NGOs after the Government was confronted with the fact that the ban was incompatible with Gabon's membership of the EITI. The participation of independent civil society is a fundamental component of the multi-stakeholder nature of the EITI, which champions dialogue between governments, industry, and civil society.


Key stakeholders in the Democratic Republic of Congo gathered at an international EITI Forum held in Kinshasa 8-9 January, to mark the progress their country has made in implementing the Extractive Industries Transparency Initiative (EITI). It looks likely that the EITI Board will find that the DRC now has shown sufficient progress in meeting the necessary requierments to receive status as a EITI Candidate,

On December 5 and 6, 2007 the Propuesta Ciudadana Group, Revenue Watch Institute and Oxfam International organized in the city of Lima an international seminar on Natural Resources, Development and Democracy in Latin America, sponsored by the Economic Commission for Latin America and the Caribbean (ECLAC) and the Peruvian Catholic University (PUCP). Among the speakers were Dr. Francisco Paris from the EITI Secretariat.

A report from this seminar is available in English and Spanish.

[img_assist|nid=300|title=EITI conference in DRC|desc=EITI Chairman Peter Eigen on the panel with (from left to right) the Minister of Plan Olivier Kamitatu Etsu and the Minister of Mines Martin Kabwelulu|link=node|align=right|width=150|height=111]

EITI Chairman Peter Eigen recently visited Central Africa to discuss implementation of the EITI. In a ten day trip to the Republic of Congo,