Mozambique due to become EITI member at Sydney conference

22 May 2013

Mozambique is due to be formally admitted into the Extractive Industries Transparency Initiative (EITI) during the organisation’s next conference to be held in Sydney on 23 and 24 May, Mozambican newspaper Correio da Manhã reported.

Citing the Ministry for Natural Resources, the newspaper added that Mozambique’s membership of the initiative would be approved at the meeting of the organisation which brings together governments, civil society and investors from across the world and will be attended by Mozambican Mining Resources Minister Esperança Bias.

During the conference, which is the organisation’s fourth, Minister Esperança Bias will present the second report on reconciliation of payments to the State by 31 companies in the mining and oil and gas industries in 2009.

The document confirms that the companies from those two sectors have announced they paid a total of 1 069 521 807.15 meticals and State institutions announced they received 1 070 147 028.21 meticals.

The difference of over 0.06 percent of the declared total is the result of mistakes in filling out receipts, according to Ernst & Young, the company hired to reconcile the payments made by companies and receipts recorded by State institutions. (macauhub)