Mozambique awaits validation of first EITI report

13 July 2011

Maputo, Mozambique, 13 July – Mozambique is awaiting the validation of its first report as part of the Extractive Industries Transparency Initiative (EITI) following a delay in May because of the international organisation’s schedule, Mozambican daily newspaper Notícias reported.

Noting that validation is a condition for Mozambique to be a fully-compliant member of the initiative, the newspaper added that information discrepancies related to difficulties interpreting the methodology use, had been overcome.

Benjamim Chilenge, member of the EITI Coordination Commission in Mozambique recently said in Maputo that the report was expected to be approved at any moment, “as all the data differences have been overcome.”

The first report on the extractive industry in Mozambique was presented for the first time in May, 2010 and had figures from the 2008 financial year as its benchmark and, at that time, the discrepancy between figures declared by operators and those declared by the government totalled some 4.5 million meticals.

The first report included companies such as Kenmare Moma, Sasol Petroleum Temane, Highland African Mining, Vale Moçambique, Rio Tinto and Companhia Moçambicana de Hidrocarbonetos.

The EITI is a voluntary mechanism which checks what companies pay and what governments receive, via a supervision process carried out by a joint body that involves the government, companies and civil society. (macauhub)