2017 EITI Report Aims for Full Membership

Myanmar submitted its first Extractive Industries Transparency Initiative (EITI) report at the beginning of January which included reports on the oil and gas, jade, gems and mineral sectors. Hydropower sector will be included in the 2017 EITI Report, according to Myanmar EITI. Myanmar currently stands as a ‘candidate country’ within International EITI and Myanmar’s inclusion […]

Small Scale Miners Unlikely to be Involved in EITI Report

According to an official from the Extractive Industries Transparency Initiatives (EITI) implementation group in Myanmar, small scale mining firms are not likely to be included in the first report of EITI, which aims to promote transparency in the mining sector. U Tin Thit from EITI Myanmar said, “There are weaknesses in record keeping and documents […]

EITI Research Begins This Month

Myanmar’s Extractive Industries Transparency Initiative (EITI) evaluation will begin this month, according to officials. “The research will commence at the beginning of June under the guidance of Myanmar EITI regarding technical matters of the study and detailed research on respective sectors and handling financial statements,” U Win Aung from EITI committee said. According to a […]

Delayed regional rollout of EITI expected in May: activist

The Extractive Industries Transparency Initiative (EITI) process is to be expanded to the state and region level by May, starting with Mandalay Region, it was announced yesterday. The EITI is a global standard to promote the open and accountable management of natural resources. It seeks to strengthen government and company systems, inform public debate, and […]

Myanmar to Go Under EITI Microscope

A Multistakeholder Group composed of representatives of government, civil society and private sector said that it will make the first Extractive Industries Transparency Initiative (EITI) report for Myanmar in 2016 by assessing the selected sectors of the country. The selected sectors are oil and natural gas, mining, hydro power and forestry. “For the upcoming report, […]

World Bank weighs in on selecting audit firm for EITI report

Besides the tripartite – government, the company and civil society organisations – responsible for piling report for implementing Extractive Industries Transparency Initiative (EITI), the World Bank (WB) joined in selecting independent audit firm. “We have opened tender for audit firm from abroad, and before long the World Bank joined us. According to procedure, the tender […]

No more projects like Letpadaungtaung if Myanmar becomes EITI member

If Myanmar becomes a full member of the Extractive Industries Transparency Initiative (EITI), there will be no more projects like Letpadaungtaung copper mine, which caused problems with local people, Dr Zaw Oo, a business advisor to the president, said. “Our country depended heavily on natural resources before. Human resources weren’t that important. It’s like precious […]

Plan for central mineral market

Myanmar Federation of Mining Association (MFMA) plans to set up a central mineral market this year to eliminate illegal trade and minimise the loss of state funds. The move was discussed at the Myanmar-China Trade promotion forum under the heading of “Business Opportunities especially Mining Sector in Myanmar”. Setting up a central mineral market aims […]

Miners Face Permit Delays As Parliament Debates New Bill

Myanmar’s mining enterprises are facing delays in receiving permits after a newly proposed bill aimed at relaxing the central government’s exclusive control over mining operations in the country stirred debate in the parliament. The Mineral and Resource Committee of the Upper House recently drafted a new mining bill and submitted it to the Lower House. […]

Can EITI membership make resource revenues transparent?

It can be easy joining groups: The challenge is in seeing the membership through. Myanmar signed up to the Extractive Industries Transparency Initiative (EITI) on July 2. The agreement promotes openness and accountable management of revenues from natural resources, requiring annual disclosure of taxes and other payments by oil, gas and mining companies to governments. […]