sharing in governance of extractive industries

Mukasiri Sibanda's Blog (7)

Analysis of Zimplats' 2017 integrated report: 11 things CSOs can learn

      .   Zimplats is domiciled in Guernsey, a tax haven

  • Zombie data, Zimplats’ $86 million payment to government institutions in form of corporate income tax, additional profit tax, pay as you earn, royalties, withholding tax and customs duty cannot be used effectively for accountability
  • PWYP Australia’s call for mandatory disclosure for all mining companies listed at the Australian stock exchange deserve the support of resource rich but information starved…

Added by Mukasiri Sibanda on October 17, 2017 at 9:26 — No Comments

Communities Empowered To Drive The Tax Justice Campaign

How communities are engaging with government and mining companies to fight for a fair share of mining benefit is at the heart of the Tax Justice agenda. So, as part of its drive to empower mining communities, the Zimbabwe Environmental Law Association (ZELA) conducted a tax justice training of trainers meeting in mineral rich Runde district on 15 June 2017. 15 participants were involved from mineral rich communities such as Mhondongori (platinum), Murowa (diamonds) and Mapirimira (chrome).…


Added by Mukasiri Sibanda on October 9, 2017 at 16:01 — No Comments

Contract Transparency Critical To Enable Transparency In The Mining Sector

Corporates are less resistant to the idea of disclosing payments made to governments and corporate beneficial ownership compared to the reasons why they make payments to government” Rob Pitman

Recent developments concerning mandatory disclosure of payments made to governments by mining companies listed in EU, Canada and USA in addition to Extractive Industry Transparency Initiative (EITI) reports have changed the transparency…


Added by Mukasiri Sibanda on October 9, 2017 at 15:55 — No Comments

Caledonia's ESTMA Report: Accountability Opportunities in Zimbabwe

In an environment where a chorus from communities, CSOs and government on improved transparency in the mining sector is strong and persistent, what accountability opportunities and challenges does Caledonia’s Extractive Sector Transparency Measures Act (ESTMA) Report present? This blog explores if there is added…


Added by Mukasiri Sibanda on October 5, 2017 at 15:11 — No Comments

What does the 2016 Annual Budget Review and 2017 Outlook Tell Us About Mining and Development Finance

  • Mining’s impressive contribution to economic indicators like export earnings has little bearing on the welfare of poor and marginalised communities residing in areas in which mineral wealth is extracted from.
  • Mining contributed $2.2 billion in 2016, constituting more than half of total export earnings. Yet mining paid $75,74 million to government, a figure that accounts for only 2.2% of total revenue generated by mining.
  • Although…

Added by Mukasiri Sibanda on October 4, 2017 at 7:30 — No Comments

Can Data Driven Advocacy Change Mineral Revenue Transparency Landscape in Zimbabwe

For Zimbabweans, mineral revenue transparency reforms have proved to be a mirage.  Possibly hope evaporated with the domestic version of the Extractive Industry Transparency Initiative (EITI), the Zimbabwe Mineral Revenue Transparency Initiative (ZMRTI) failing to take off since 2011.  Without transparency in the mining sector, it is difficult for the public to have a hard talk with government and mining companies on how their mineral…


Added by Mukasiri Sibanda on October 3, 2017 at 6:55 — No Comments

How Helpful or Harmful is RBZ Export Tax Incentive Scheme


Globally, the mining sector has gained notoriety for not paying its fair share of taxes to mineral rich and mineral dependant countries. African countries being the most affected. Consequently, curbing Illicit Financial Flows (IFFs), illegal and immoral but legal activities, is high on the agenda for development finance. Sustainable Development Goals (SDGs) will forever…


Added by Mukasiri Sibanda on October 2, 2017 at 7:14 — No Comments


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