Albania, Burkina Faso, Mozambique and Zambia have now become EITI Candidate countries. This was announced by the EITI Board at its meeting in Washington DC. With these four new countries, 30 countries are now implementing the EITI, further bolstering EITI as the standard for transparent management of revenues from the oil, gas and mining sectors.
On Wednesday 23 February 2011 the Zambian Minister of Mines and Mineral Development, HE Maxwell M.B. Mwale, launched Zambia’s first EITI report that discloses payments made by the major mining companies to government for 2008.
The first EITI report shows that mining companies reported having paid US$463 million in 2008. Although the government entities report having received almost as much, the detailed figures reveal significant discrepancies in either direction among the different payment compo
Chair of the EITI Board, Clare Short took part in the latest BBC World Debate at the first Mining & Investment Forum in Lusaka, Zambia. Other panelists included Situmbeko Musokotwane (Zambian Minister of Finance and National Planning), Emmanuel Mutati, (Mopani Copper Mine), Andrew DeSimone (Vale), Steve Manteaw (ISODEC), Kapil Kapoor (the World Bank), and was hosted by Redi Tlhabi.
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,
The international EITI Board has declared that Mozambique Tanzania, and Zambia have made “meaningful progress” in their implementations of the EITI. This follows EITI Validation Reports that concluded that most, but not all of the validation indicators had been met. They set out recommendations for strengthening the EITI process.
REQUEST FOR EXPRESSION OF INTEREST FOR CONSULTANCY SERVICES
Name of Project : Zambia Extractive Industry Transparency Initiative
Project Contract No. : ZEITI/SEC/C/001/12
The global Extractive Industries Transparency Initiative (EITI) was established in 2002. Since then the EITI has become a well established and well recognized broad-based global coalition of resource-rich developing countries, donors, major companies, civil society groups, and investors.
Zambia published today, 30 March, its 2009 EITI Report in Lusaka, disclosing the payments from mining companies to the government in 2009. The government received more than US$500 million from the mining sector www.zambiaeiti.org.zm
The figures in the report are broken down by the 28 companies that have reported payments. The reported revenue is up almost 50% from the 2008 report, when 16 companies reported their payments.
The EITI Board found Zambia in compliance with EITI standard.
The country’s latest EITI Report reveals details about increased government revenues.
Its latest EITI report reveals that the country's mining revenues nearly doubled to US $1,360 million.