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.
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.
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.
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 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.