MPA welcomes second EITI report
Association supports publication of Extractive Industries Transparency Initiative report for 2015
THE Mineral Products Association (MPA) has welcomed the Department for Business Energy and Industrial Strategy (BEIS)’s second Extractive Industries Transparency Initiative (EITI) report for 2015, detailing payments to government agencies and data from oil, gas, mining and quarrying companies.
Launched in Aberdeen on 31 March 2017 by BEIS Minister Margot James MP, the report, which aims to increase transparency across the sector, includes information from 18 mining and quarrying companies in scope covering employment, the fiscal regime, payments made for UK extraction of raw materials and government receipts.
Commenting on the latest report, Nigel Jackson, chief executive of the MPA, said: ‘EITI is not only valuable because of the transparency it is creating for the extractive industries with regards to payments to government, but also the recognition of the significance of mining and quarrying to the economy and employment.
‘This is welcomed and MPA will continue to support the building of the contextual data that is vital to the process.’
EITI, which is a global transparency standard in the UK, is governed by a multi-stakeholder group composed of representatives from the Government, the extractive industries and civil society. The body sets the direction for EITI implementation by formulating country objectives, engaging stakeholders and publishing an annual EITI report.
Full details of the second EITI report can be found via the following link: https://www.gov.uk/government/publications/extractive-industries-transparency-initiative-payments-report-2015
