sharing in governance of extractive industries

African Manager: New EITI report highlilghts "gaps" in DRC's mining revenues

A new report has implicated DR Congo's Public Treasu ry in a "gap" noted
in funds disbursed in 2007 by mining and oil extraction comp a nies
operating in the country, PANA learnt here Tuesday.

The report of the Extractive Industries Transparency Initiative (EITI), issued M
onday, noted there was a gap of nearly five per cent on the 2007 fiscal
and para - fiscal revenues, compared to those declared by companies at
the Congolese Public Treasury.

According to the document, the related companies declared to have paid an annual total of US$
404,981,000, against US$ 404,781,000, which represents a gap of US $
200,000 not revealed in the statistics of state institutions responsible
for co l lecting such bonds.

The report's authors mainly cited the Directorate General of Taxes (DGI), the Di rectorate General for
Administrative, Judicial, Property and Share Revenues (DGR A D), the
Directorate General of Customs and Excise (DGDA) and the Congolese Offic
e for Control (OCC).

The authors said the first report of the initiative in the DRC was based on data provided by a small sample of 20
companies out of over 300 companies operating i n the mining sector,
mainly in the areas of copper and cobalt as well as hydrocarbons.

The 2008-2009 report in drafting process, which took into account other
paramete rs and used a more representative sample, will undoubtedly
provide more comprehe n sive and more revealing information, said the
Technical Secretariat of EITI.

DRC adhered in May 2005 to EITI, whose objective is to maintain transparency in public management in
states worldwide, especially in Africa, with the willingnes s to benefit
the greater number of citizens from natural resources, by urging int e
rnational extractive industries, accused rightly or wrongly of
plundering such r e sources, to "publish what they pay" to the public

The EITI enables citizens of related countries to know the amount of money colle cted by states, so that they can influence
their use, through civil society orga n izations, especially for
fighting against poverty in Africa.

The EITI, headquartered in Oslo, Norway, works on a standard basis adopted by go vernments
worldwide, which commit to publish taxes, bonuses and other royalties c
ollected from mining and oil companies.

Available: http://www.africanmanager.com/site_eng/articles/15379.html

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