There are concerns over the re-validation of Nigeria by the global body of the Extractive Industry Transparency Initiative (EITI) on the long delay to release the oil and gas and solid mineral reports for the year 2013.
The Senate on Thursday gave Nigeria Liquefied Natural Gas Limited (NLNG) one week to provide evidence of payment of taxes and dividends since the end of its tax holiday in 2009.
Government has been urged to develop and implement a mining investment law to ensure that the country’s mineral revenue is collected, disbursed and spent in a transparent manner.
The Liberia Extractive Industry Transparency Initiatives or LEITI has disclosed that the direct government revenue intake from the extractive sector has increased from US$ 110.14m for 2011/2012 to US$ 18.96m for 2012/2013.
THE Extractive Industries Transparency Initiative (EITI) was launched in 2003 as a would-be global standard for managing natural resources, promoting openness in transactions between governments and companies to curb the corruption that was rampant in some places. It has since grown to include 51 countries. But its “multi-stakeholder” model—which gives equal board representation to its three constituencies: governments, companies and civil society—ensures regular bust-ups. As the EITI itself has put it, the process is “by definition loud, difficult and argumentative”.
An essay from Rakip Belishaku on the Extractive Industries in Albania.
Government's collection from the mining industry in 2014 increased to K9.92 billion from K8.2 billion the previous year, with Kansanshi Mining Plc contributing the largest percentage.
Government has commissioned an impact assessment study on the Extractive Industries Transparency Initiative (EITI) implementation in Zambia.
The fifth report for the Extractive Industry Transparency Initiative (EITI), says the fall in commodity prices on international markets is affecting collection of tax revenues and the maintenance of thousands of jobs in Mozambique.
Ukraine publishes first report as a part of EITI.
