BERLIN, 16 APRIL 2010. The Board of the Extractive Industries Transparency Initiative, the international standard for improved transparency in countries’ natural resource sector, met in Berlin 15-16 April. The Board discussed the request of 17 of the 32 countries currently implementing the EITI to extend their deadline for completing EITI Validation. In addition, Sao Tome and Principe had applied to voluntarily suspend their EITI Candidate status.
In recognition of their progress in implementing the EITI, the EITI Board has concluded that Kazakhstan the Democratic Republic of Congo Mali Mauritania Niger Peru are Candidate countries that are “close to compliance”. This was announced following the meeting of the EITI Board in Brussels 13-14 December 2010.
On 11 June 2011 the Mali government published its second EITI report, renewing at the same time its commitment to ensure transparency in revenues accrued by the mining sector in Mali. The report revealed payments to the government by extractive companies as well as the revenues received by the government for the years 2007 and 2008. The government of Mali has declared receiving US $291 mn in 2007 and US$ 286 mn in 2008 from nine gold companies.
The international Board of Extractive Industries Transparency Initiative (EITI) has designated Mali as EITI Compliant as of 29 August 2011. This brings the total number of EITI Compliant countries to 12.
In accordance with the EITI Rules, Mali must be revalidated within 5 years, i.e., by 29 August 2016. Mali is also required to publish an annual report detailing efforts to ensure compliance with the 2011 edition of the EITI Rules by 1 July 2012.
Mali’s latest EITI report details rising mining revenue despite dipping gold output.
In difficult times, Mali’s 2012 EITI report should prove a valuable tool for its new government.
Finding a direct relationship between the EITI and CPI ranking is challenging, but the general trend is still positive.
On 12 April, Dioncounda Traoré was sworn in as Mali’s interim president. The presidential inauguration closed weeks of a political imbroglio that saw a military coup and a Tuareg rebellion in the North. Did these events come as a surprise to Malians? Not really. Now, most wonder what’s in it for them and hope for a brighter future.
The International Secretariat is visiting the country to carry out the first stage (Initial data collection and stakeholder consultation) of Validation. To find out more about Mali (includes information on the country manager), visit the country page
Sam Bartlett from the Secretariat welcomes stockholder input in preparation to the country visits.
43 countries publish roadmaps to disclose the real owners of companies in oil, gas and mining by January 2020. 20 commit to public registers.
The EITI Standard requires that companies that “bid for, operate or invest in extractive assets” should publicly disclose the identity of their beneficial owners. Over the past month, 43 EITI countries have published their plans for how to disclose the real owners of companies in their extractive sector by January 2020.