More than 40 participants from eight Latin-American countries gathered in Lima to discuss measures to improve transparency in the extractives sector in the region. At the workshop, Daniel Camac, Vice-Minister of Energy and Mines of Peru said that the publication of the country's first EITI Report marked an important high point in Peru’s implementation of the EITI. Peru’s first report covered revenues generated during the 2004-2007 period,
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.
The EITI Secretariat monitors on a daily basis global media for mentions of the EITI. Below are some of the articles from the past month that the EITI Secretariat has picked up.
Op-ed by Paul Collier in the New York Times: In Afghanistan, a Threat of Plunderhttp://www.nytimes.com/2010/07/20/opinion/20collier.html"the country’s first extraction deal, for copper, was won by the Chinese in murky circumstances — the minister of mines was accused of taking a $30 million bribe.
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.
The EITI is pleased to welcome Glencore International plc as the latest EITI Supporting Company. Glencore announced that it has become an EITI Supporting Company in its 2010 Sustainability Report, which was issued on 7 September 2011.
Glencore is one of the world’s leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore has worldwide activities in the production, sourcing,
Peru and Mauritania were this week found to be in compliance with the EITI standard. The EITI (Extractive Industries Transparency Initiative) is the global standard that ensures accountability and transparency of the revenues from a country’s extractive sector. The international EITI Board announced that the two countries have been accepted as “EITI Compliant” at its meeting at Wiston House in the United Kingdom.
The president spoke at the opening of an EITI conference in Lima
Peru collects over US $6bn per year from oil, gas and mining.
The EITI is pleased to welcome Pacific Rubiales Energy as the latest EITI Supporting Company. Pacific Rubiales is a Canadian-based company and producer of natural gas and heavy crude oil. It is actively involved in EITI implementation processes in Guatemala and Peru, and is also operating in Colombia.