February newsletter

EITI (Extractive Industries Transparency Initiative)

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February 28, 2025

New frontiers in EITI reporting

Some countries are pioneering new approaches to EITI reporting, leveraging the 2023 EITI Standard to strengthen extractives transparency and governance. From tackling illicit financial flows to addressing energy transition reforms, these early examples illustrate how EITI implementation is evolving to align with national priorities. Read more about report highlights here.

• Illicit financial flows: Burkina Faso examined illicit financial flows, including anti-fraud efforts that led to the seizure of fake gold bars worth over USD 15 million. Mauritania introduced a risk-based approach to categorising payment flows, and Madagascar analysed gold trade data to detect potential smuggling.
• Energy transition and environmental data: Armenia integrated climate commitments and subsoil contract transparency, while Sierra Leone disclosed renewable energy projects for the first time. Peru provided new insights into national water management and environmental regulations.
• State-owned enterprises and revenue transparency: Senegal’s reporting shows that 93% of budget contributions came from mining, while Trinidad and Tobago reported a 33% drop in royalties and profits from production-sharing contracts fell by half.
• Artisanal and small-scale mining (ASM): Mauritania formalised ASM through MAADEN, a new state-owned enterprise managing gold mining, which reported paying USD 70 million to the government. Ghana published a thematic report on ASM and outlined its Gold4Oil programme, which uses gold to stabilise foreign exchange reserves.
• Gender and inclusion: Senegal reports efforts to integrate women in mining project planning, while Argentina reports detailed employment data for the mining sector broken down by gender and other parameters.

Video: Mining Indaba

Who benefits from Africa’s mineral wealth?

At Mining Indaba and Alternative Mining Indaba earlier this month, the EITI joined government, industry and civil society leaders to discuss governance challenges that Africa faces in the energy transition. Key topics included transparent contracts, anti-corruption efforts and data-driven policymaking to ensure the continent’s mineral wealth benefits its citizens.

In an exclusive interview with Mining Indaba TV, EITI Executive Director Mark Robinson explains how the EITI’s mechanisms can ensure African nations and communities receive fair value from their resources.

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