ResourceProjects.org contains data on more than $240 billion in oil, gas and mining payments to governments in 2019 alone. With a new data layout and updated company and country pages, users can quickly find out how much (or little) a company is paying in taxes, royalties, production entitlements and more.
The voluntary nature of new EITI guidelines means that comprehensive disclosure of detailed information on purchases by traders is unlikely in the near term. Authorities in jurisdictions where commodity traders are based should move to legally require the disclosure of these sizeable payments.
Investors are paying close attention to the financial consequences of the pandemic on suppliers, but more on the companies themselves than on resource-rich countries. Supplier governance influences the ability of nations and communities to benefit from oil, gas and mining projects, and is central to securing a “social license to operate.”
After the U.S. Securities and Exchange Commission invited comment on its latest draft extractive sector transparency rule, it was flooded with comments from investors, civil society organizations and companies urging it to adopt a stronger rule in line with international standards.
A l’occasion de la fête nationale de la Guinée le 02 Octobre 2019 qui marque le 61e anniversaire de l’indépendance du pays, le Président de la République, Pr Alpha Condé, a réaffirmé dans son adresse à la nation son engagement pour la transparence dans la gestion des revenus miniers destinés aux collectivités locales.
Le rapport ITIE 2017 de la Guinée publié en mai 2019 confirme la dynamique expansionniste observée depuis 2014 dans le secteur minier en Guinée, tirée principalement par la bauxite qui a représenté 76% des revenus issus du secteur extractif en 2017.
This post focuses on the Ruashi mine in the Democratic Republic of Congo. Ruashi is a copper and cobalt mine in the southeastern Katanga region. The author explores the difference between payments made by the mine's operators and those that the country's mining code mandated.
In the first part of this two-part series, NRGI senior economic analyst Thomas Lassourd shares insights from publicly available EITI datasets on payments made by mining companies to the governments of Guinea and the Democratic Republic of Congo.