As NRGI gathers data in the effort to improve international benchmarks of national oil company performance and revenue management, figures from Extractive Industries Transparency Initiative reports are proving extremely valuable. This is especially the case in a number of African countries where state companies do not produce detailed financial reports on their own.
Last week the mining industry held the African Mining Indaba, its annual sector meeting in Cape Town. Concurrently, civil society organizations from across the region met for the ninth annual Alternative Mining Indaba (AMI).
Last week, the government of Ghana followed through on a promise it made in July 2017 by launching a public petroleum register that contains the full texts of petroleum agreements, licenses, permits and authorizations.
Yan Naung Oak is a 2017 School of Data fellow for NRGI Myanmar working on data literacy and data availability in the jade mining sector. Last year, he participated in NRGI's massive online open course, Natural Resources for Sustainable Development: The Fundamentals of Oil, Gas, and Mining Governance. These are his takeaways.
¿Sabías que en el 2016 la recaudación de impuestos del sector minero de Perú fue negativa? Es decir, ese año el gobierno le devolvió al sector más de lo que pagó en impuestos. El resultado final fue que la recaudación fue de -755 millones de soles. ¿Por qué sucedió esto?
In 2016, tax collection from Peru’s mining sector was negative. In other words, the government returned more money to miners than these companies paid in taxes paid. The result was that the collection was approximately negative USD 250 million. How did this happen?
Resource-rich countries tend to experience slower economic growth and more social problems than do less-endowed countries—a phenomenon dubbed the “resource curse.” But it turns out that in many cases, economic growth begins to underperform long before the first drop of oil is produced; this we call the “presource curse.”