Report presented by Mozambique to EITI presented this month

5 March 2012

The Ernst & Young consultancy is expected this month to present the second report to be submitted by Mozambique to the Extractive Industries Transparency Initiative (EITI), Mozambican newspaper O País reported recently.
The newspaper said that the report was the Reconciliation Report for the 2009 financial year, the aim of which is to publish the revenues received by the State and payments made by companies (taxes, fees and others) resulting from mining and oil and gas exploration.
The Report is one of the conditions set by the Extractive Industries Transparency Initiative (EITI), which Mozambique has wanted to join since 2009.

O País also reported that Ernst & Young said it had carried out a study that outlined the criteria for selection of the companies to be included in the report, organised a training session on the EITI and filled in the forms to gather information for the port for mining and oil companies as well as government institutions directly involved in the process.

According to the company it is currently gathering information about payments made by the 36 selected companies, 24 of which are from the mining sector and 12 from the oil and gas sector, which will be followed by information on payments made by companies that were recorded as being received by the government, specifically by the Tributary Authority (AT) and the Ministry for Mining Resources (MIREM), and finally production of the final report. (macauhub)