sharing in governance of extractive industries
Participants at a-day’s roundtable discussion on falling oil prices and its impact on Ghana Government’s revenue and the national budget have tasked the Public Interest and Accountability Committee (PIAC) and its…Continue
Added by seibik bugri on December 22, 2015 at 2:00 — No Comments
In my first post I referred to how the Paris agreement mentions transparency, which in the text is confined to transparency around carbon accounting and the disbursement of the huge financial aid that is an integral part of the agreement. Neither of which relate directly to transparency of the upstream in extractive industries, which is where governance…Continue
The Extractive Industries Transparency Initiative (EITI) has now been around for well over a decade (see here for more on the EITI’s history). Formed as a response to the much vaunted ‘resource curse’, the EITI has developed a position for itself as an important and innovative actor in the fight against natural resource-focussed corruption. Indeed, it leads the way in developing consultative processes for more openness in the oil, gas and…Continue
Briefing: Integrated Environmental Impact Assessment (IEIA)
In an effort to achieve sustainable development of the oil and gas sector through increasing government participation and strengthening capacity in managing the oil and gas industry, the Government of Kenya through its lead environmental agency (National Environment Management…Continue
Added by Mohamed Ramadhan Ruwange on December 17, 2015 at 9:11 — No Comments
Beneficial Ownership Afghanistan like many other resource rich countries is fragile, lacking legal framework, institutions and mechanism to regulate its huge mining sector. This is further complicated by widespread corruption in the country. Powerful individuals with political connections have been signing contracts to extract minerals often paying little or nothing to the state thus denying citizens their due benefits from the sector. It is imperative to capitulate the EITI principles…Continue
Added by Javed Noorani on December 16, 2015 at 10:44 — No Comments
OGEL 5 (2015) - Yukos Special
Few things can concentrate the mind as much as an award of $50 billion dollars. When the three parallel awards in the Yukos dispute were released in mid-2014, TDM and OGEL therefore immediately called for papers to comprise a Special Issue. Our range of topics includes discussions of the legal aspects and computation…Continue
Added by OGEL Journal on December 15, 2015 at 14:58 — No Comments
The Selection Criteria and Process of Civil Society Representatives to the EITI International Board
The Board of the Extractive Industries Transparency Initiative (EITI) is comprised of representatives from each Constituency engaged in the EITI – governments of supporting and implementing countries, extractive companies and investors, and civil…Continue
Added by Asmara Klein on December 15, 2015 at 13:30 — No Comments
What does the climate change deal signed in Paris mean for transparency in extractive industries? In the short term, relatively little. In the medium to long term however it could change everything: which natural resources are subject to transparency, how far public policy will intervene in the market, and whether we moved to a more holistic paradigm of natural resource management.
The direct crossovers between the…Continue
Added by Johnny West on December 15, 2015 at 13:00 — No Comments
MUST READ article by Antonio Pedro, published in Mineral Economics, the Raw Materials Report, Nov 2015
The Africa Mining Vision (AMV) adopted by the African Union Heads of State and Government in February
2009 represents a paradigm shift away from a resource development model anchored on extractivism toward one in which mineral resources are harnessed to accelerate broad-based development and build resilient, diversified, and competitive economies.
Added by Marit Kitaw on December 15, 2015 at 9:45 — No Comments
Attached is presentation on 'revenue from taxable sources' given at Commonwealth Parliamentary Association event on Wednesday 9th December. Thanks to CPA and the World Bank for the invitation to a well run and interesting event.
Added by Steve Macey on December 12, 2015 at 12:43 — No Comments
The UN Women's Share Fair would have been a positive step towards gender justice. If only the companies had shown up.
A few weeks ago, I got on a plane headed for Nairobi. Never having been to Kenya, I was excited to set off for new territory.Twenty hours later, I laughed when a few Kenyan…Continue
How times change. From the summer of 2002 to that of 2007, Anglo American PLC’s share price marched upwards, with only minor and short-lived reverses, from about £8.36 at the start of August 2002 to £32.22 by June 8th 2007, a rise of nearly 300% in less than five years. Earlier this month it gained the unwanted notoriety of become the worst…Continue
Added by daniel gilbert on December 11, 2015 at 14:30 — No Comments
Dear GOXI Members,
We are very excited to release a new report which may be of interest to you entitled “Mining Companies and Host Communities: Experiences Before, During and After the Ebola Outbreak in Sierra Leone”, and to announce a webinar in early 2016 to discuss this report.
Added by Independent Social Performance on December 10, 2015 at 11:00 — No Comments
For the past 2 years RCS Global has been advising Trafigura on its journey to become the commodities trading industry leader on transparency. With developments in the trading industry transparency space accelerating towards the end of 2015, we would like to share our view of next steps.
Trafigura’s investment in transparency has been part of a…Continue
A new SAIIA paper argues that South African policymakers have to make mining legislation coherent with the National Development Plan if the industry is to have any chance of succeeding under a low commodity price environment.
The paper explores potential explanations for South Africa’s economic underperformance since 1994.…Continue
Added by Ross Harvey on December 10, 2015 at 10:12 — No Comments
Can the world understand oil and mining companies as well as their investors do? At OpenOil we think it's possible, and we've been hard at work building a tool to make it so. Our goal is: everything extractives companies tell investors, in one place.
The result is Aleph, our new search tool, which we are presenting an early version of today.
We've taken the documents filed by oil, gas and mining companies in several of the major…Continue
Throughout the price boom of the 2000s, extractive resources (mining, oil and gas) were seen as assets that African Governments needed to leverage more effectively for development outcomes. This view has persisted even through the current price slump that began in 2011.…Continue
Added by pietro toigo on December 8, 2015 at 12:19 — No Comments
Below we publish the unedited edition of the communique after the two Oil and Gas summit
Accra witnessed the maiden Africa oil Governance Summit on the 23rd and 24th of November. The Summit sought to highlight the governance challenges faced by oil producing countries in Africa and to drive consensus to manage the challenges. Ultimately the Summit aimed at ensuring that the production of oil and…Continue
Added by seibik bugri on December 7, 2015 at 21:00 — No Comments
Mongolia is one of several developing countries in the world where project proponents are legally required to establish agreements with host communities or local government authorities. While agreement making with Indigenous peoples has become a standard process in the mining industry in few countries such as Australia and Canada, it is new to many resource-rich developing countries.
Unlike agreements with Indigenous communities in Australia and Canada that are widely regarded…Continue