Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) was launched in 2002 at the World Summit for Sustainable Development.
It aims to address the misuse of revenues derived from the exploitation of natural resources by encouraging greater transparency and accountability.
The EITI reporting system supports good governance through the verification and full publication of payments by companies and use of government revenues derived from oil, gas and mining.
Currently 52 countries are implementing EITI, including Mozambique. Kenmare is one of the 55 companies that subscribes to EITI’s reporting system in country and Kenmare representatives have been on Mozambique’s EITI co-ordinating committee since its inception in 2009.
Statement of support
Kenmare adheres strictly to a policy of zero tolerance to all forms of corruption and unethical business practices. Our practices are governed by a series of policies that set the guiding principles in managing employee health and well-being, the environment and engagement with our host communities.
We expressly subscribe to the principles of EITI and its aim to strengthen governance through improving transparency and accountability in the broader extractive industries sector and support and promote its implementation.
Statement of payment to governments
For the financial year ended 31 December 2019, Kenmare made the following payments to governments:
|Industrial free zone (IFZ) royalty||2,423||2,553|
Total payments to governments
To view the full table, including data from 2015 to 2019, please view our Annual Report 2019.
Kenmare does not give donations or contributions to any political party.