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.
As we approach half-way through 2010, it is proving to be as momentous for the EITI as expected. Although most of the 22 first EITI countries did not complete the validation of their EITI processes by their deadlines, eyes are now turned towards those granted short extensions to complete by September.
Countries’ efforts to meet the deadlines have led to an unprecedented level of activity to improve transparency in the extractives sector. In the past 12 months,
The Board of the Extractive Industry Transparency Initiative (EITI) is meeting 19-20 October in Dar-es-Salaam, Tanzania, to discuss the status of the countries Cameroon Gabon Ghana Kyrgyzstan Mongolia and Nigeria. These six countries are currently recognised as 'Candidate countries' to the international transparency standard for oil, gas and mining sectors. They have completed EITI Validation,
DAR-ES-SALAAM, 19 OCTOBER 2010. Mongolia has achieved Compliance with the Extractive Industries Transparency Initiative (EITI), the global standard for improved transparency in the oil, gas and mining sectors. The EITI Board designated Mongolia as 'EITI Compliant' at a meeting today in Dar-es-Salaam, Tanzania.
EITI Chair Peter Eigen congratulated the government, industry and civil society organisations that have supported to the process in Mongolia:
On 13-16 June 2011, more than 30 representatives from Azerbaijan, Kazakhstan, Kyrgyzstan, Mongolia and Tajikistan gathered in Cholpon-Ata, Kyrgyzstan, for the second EITI Issyk-Kul International Conference. The purpose of the conference, entitled ‘Beyond Validation: looking to the future of EITI’, was to share experiences with implementation and identify priorities ahead.
In June 2011 Mongolia published its fourth EITI Report covering payments and revenues from its oil and mining sectors in 2009. According to the report, the government of Mongolia received US$ 516 mn in taxes and other payments from extractive companies. The mining sector accounts for 96 % of these revenues. The difference between the amount which the government confirms to have received and the amount which the companies declare to have paid is approximately US$ 40 000 for the year 2009.
The EITI is pleased to welcome Centerra Gold as the latest EITI Supporting Company. Centerra Gold is the largest Western-based gold producer in Central Asia. Centerra Gold is based in Toronto, Canada and listed on the Toronto Stock Exchange. The company has producing gold mines in the Kyrgyz Republic and in Mongolia, which both are currently reporting to EITI. Further, it has development and exploration properties in China, Kyrgyz Republic, Mongolia, Russia,
With a population of 2.8 million people, Mongolia collected US $330per person from its oil and mining resources, shows the country's 2010 EITI report that was released on Tuesday 8 May.
The report released by Prime Minister Mr Batbold reveals that the government of Mongolia collected a total of US $913,8 million in taxes and other payments from the top tax paying companies in 2010.
Shedding light on payments to environmental rehabilitation
The Prime Minister balanced enthusiasm and realism at the launch of their EITI Report.
The 5th EITI Global Conference in Paris was launched today with around 900 participants arriving the conference today. Participants included Presidents Otunbayeva (Kyrgyz Republic), Kikwete (Tanzania), and Guebuza (Mozambique), as well as CEOs, ministers and civil society leaders from around the world.
Former EITI Chair, Peter Eigen, set the tone of the day by highlighting the growing attention being focused on transparency and good governance issues in the extractives sector.