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Featured Blog Posts – June 2018 Archive (21)

Address by EITI Chair Fredrik Reinfeldt on contract transparency

The below is based on a speech given by Fredrik Reinfeldt, Chair of the EITI, at the EITI Board meeting side event on contract transparency in Berlin June 2018. 

In 2013, the EITI Standard started to encourage contracts to be disclosed. Contracts, it is worth reminding ourselves, are legal documents that governments enter into on behalf of their people. Experience has shown that in many cases, in particular in countries…

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Added by EITI on June 29, 2018 at 13:57 — No Comments

The Netherlands joins the EITI

The EITI Board today approved the Netherlands’ application to join the EITI.

The Netherlands has been closely involved with the EITI since its inception, and has now made the transition to being both a ‘supporting’ and ‘implementing’ country.

The Netherlands’ admission to the EITI is timely, as it faces changing circumstances in its gas sector. The Groningen gas field in the north-east was discovered in 1959, and is one of the largest gas fields in the world. The…

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Added by EITI on June 29, 2018 at 13:49 — No Comments

Colombia is first country in the Americas to reach the highest level of progress in implementing the EITI Standard

EITI-Colombia has published verified revenue information, shone a light on revenue distribution to regions and started to tackle challenges in environmental regulations.

Colombia was assessed today as the first country in the Americas to meet all the requirements of the EITI Standard. The EITI Board reached that decision in its meeting in Berlin today. The Board found that Colombia had demonstrated satisfactory progress in all requirements of the EITI Standard.

Fredrik…

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Added by EITI on June 29, 2018 at 13:47 — No Comments

Natural resource governance - News round-up for June

A semi-regular round-up of some of the latest news re: the extractive sector and transparency. You can also read the post, with images and GIFs, here.

In case you missed it…

  • An investigation by Finance Uncovered…
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Added by Alice Powell on June 28, 2018 at 16:06 — No Comments

Q&A with Rio Tinto

Q&A with Rio Tinto: the first mining company to adopt contract transparency policy

Mining giant Rio Tinto was the first major mining companies to announce that they will support the public disclosure by countries of their mining contracts and licenses. By coming out in favour of contract transparency, the company is joining ranks with Total, as well as smaller oil companies Kosmos Energy and Tullow Oil. In a statement, EITI Chair, Fredrik Reinfeldt “welcomed…

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Added by EITI on June 27, 2018 at 13:30 — No Comments

Levin Sources' Victoria Gronwald on Gender Mainstreaming in the Kimberley Process at European Development Days 2018

The Kimberley Process Certification Scheme is the global community’s joint response to eliminate trade in 'conflict diamonds'. It brings together governments, civil society and industry. As the Kimberley Process Chair in 2018, the EU strives to ensure that the Process remains a unique tool for conflict prevention and fit for purpose in a changing world.

In support…

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Added by Levin Sources on June 26, 2018 at 16:00 — No Comments

UK-based extractive company reports on payments to governments / paiements aux gouvernements / informes de pago a los gobiernos

Publish What You Pay UK’s short practical multilingual guide to accessing 90 UK-based extractive companies’ payments to governments reports is available now in English, …

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Added by Miles Litvinoff on June 26, 2018 at 11:30 — No Comments

Launch of PWYP's EITI guide for Civil society

On 21 June 2018 Publish What You Pay is launching a new guide for civil society organisations: Achieving Integrity in Oil, Gas and Mining - Leveraging the Extractive Industries Transparency Initiative for reform in oil, gas and mining governance”.

This…

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Added by Publish What You Pay on June 21, 2018 at 16:30 — No Comments

Mutoko Warms Up To Africa Mining Vision

Concerned that the community in Mutoko is unhinged from the main economic activity in their locality, black granite mining, Mutoko Rural District Council (MRDC) supported by The Civic Forum on Human Development (CFHD), Silveira House and Zimbabwe Environmental Law Association (ZELA) organised a district alternative mining indaba. The indaba was held at Nyamakwere hotel, Mutoko centre from 13 to 15 June 2018.

Participants comprised of mining affected communities, Community Based…

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Added by Mukasiri Sibanda on June 18, 2018 at 18:02 — No Comments

Africa's Taxing Matters: Why Resource Rich Countries Must Up Their Game

Africa Progress Panel report puts it simply: ''If Africa is so resource-rich, why are its people not better educated, its children well-nourished and its adults longer-lived?'' The decades old question remains spot-on today as yesterday.

Africa’s subsoil is rich enormously and will remain so, at least for some years to come. It host an estimated 30 percent of the world’s mineral reserves, and even greater share of key precious and base metals including diamond and platinum[1]. Over 9…

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Added by charles akong on June 16, 2018 at 20:00 — No Comments

Opening up ownership in Indonesia

Written by Gay Ordenes 

While preparing for the Beneficial Ownership Global Conference that the EITI organised with the government of Indonesia in Jakarta last year, I witnessed how the discussion on ownership transparency started to gain traction. The Panama leaks had sparked a global debate on ownership transparency, Indonesia was due for its …

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Added by EITI on June 15, 2018 at 14:58 — No Comments

How Good are Sovereign Wealth Funds at Investing Money Made from Natural Resources?

Governments around the world held about USD 3.7 trillion in oil, gas and mineral wealth in sovereign wealth funds (SWFs) at the end of 2016. There are many reasons why they have saved so much money. Some, like the…

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Added by Andrew Bauer on June 14, 2018 at 0:00 — No Comments

Can Petronia Avoid the Resource Curse? It’s All Up to You in a New Interactive Online Course

NRGI is proud to announce the arrival of Petronia, an interactive online course unlike any other in the resource governance field, where learners can “play” at influencing resource governance outcomes in a simulated context.

More than any other NRGI…

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Added by Max Brett on June 12, 2018 at 15:30 — No Comments

UK Oil and Gas – negative government revenue but rosy future

North Sea production and revenues rise for the first time in three years

The United Kingdom is the world’s 22nd largest producer of oil and gas. In addition, it produces small amounts of coal, industrial materials such as kaolin and potash, and construction materials. Overall, the extractives sector contributed a gross value-added of almost USD 30 bn to the UK economy in 2016. According to the UK Office for National Statistics, 35,500 people are directly employed in the…

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Added by EITI on June 10, 2018 at 13:00 — No Comments

Should We Cebrate Govt-Zimplats Platinum Deal or Worry?

On 6 June 2018, Zimbabwe Platinum Mines (Zimplats) publicly announced that it has amicable resolved a six-year long dispute with government which was seeking to compulsorily acquire part of its mining claims measuring 27,948 hectares. This dispute was pending in the courts of Zimbabwe.

Consequently, Zimplats…

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Added by Mukasiri Sibanda on June 10, 2018 at 11:25 — No Comments

The Power of Partnership

Partnership and collaboration are often used interchangeably, but they really mean different things. Collaboration is simply working together, while partnership infers a closer, less transactional engagement between the parties—although, in most instances, this relationship is not strictly defined.

It is not just semantics: ever since the …

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Added by IGF Secretariat on June 8, 2018 at 18:01 — No Comments

Stockholm Dialogue On the Nexus between Human Rights, Environmental Sustainability, and Conflict Prevention

Background

The 2030 Agenda asks the global community to respond to a wide range of complex and multidimensional development challenges. This requires a paradigm shift supported by all actors, including governments, the UN System, business, and civil society, to work towards more “integrated approaches” that go beyond sectoral and thematic silo-thinking.

There is a need, however, to better understand what constitutes an “integrated approach”; how these can be…

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Added by Jasmin Blessing on June 6, 2018 at 19:57 — No Comments

Rwanda surpasses mineral export revenue target by 55% for FY 2017/2018

By Stephen Nuwagira

Rwanda mining sector brought in $373 million (Rwf324.5 billion) export revenue this fiscal year, surpassing the $240 million projection set by Rwanda Mines, Petroleum and Gas Board by 55%, figures indicate. This was an increase from $166 million (Rwf144.4 billion) the country earned from mineral exports in the previous year; the country shipped out 7,000 tonnes of minerals during 2017.

According to Francis Gatare, the Rwanda Mines, Petroleum and Gas Board…

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Added by Nuwagira Stephen on June 5, 2018 at 19:00 — No Comments

Trinidad and Tobago EITI exposes gaps in revenue collection systems

The 2016 report confirms Trinidad and Tobago’s sharp decline in extractives revenues and draws attention to areas of concern including unpaid transfer licenses fees, unpaid payments from quarries, weak auditing practices in companies and government agencies, and poor production data.

Decline in revenues stresses the need for optimal revenue collection

On 11 May, Trinidad and Tobago (T&T)’s EITI published its …

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Added by EITI on June 5, 2018 at 10:40 — No Comments

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