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 57 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 2023, Kenmare made the following payments to governments:

20232024
US$’000US$’000
Mozambique
Mining royalty5,6745,940
Industrial free zone (IFZ) royalty4,5854,147
Payroll taxes12,29913,432
Corporation taxes19,79819,921
Withholding taxes730999
Licenses504315
Mozambique total43,59034,754
Ireland
Payroll taxes2,1933,854
Corporation taxes1,1026,382
Ireland total3,29510,236
UK
Payroll taxes894728
UK total894728
Total payments to governments47,77945,718

To view the full table, including data from 2021 to 2024, please view our Sustainability Statement within the  Annual Report 2024.

Kenmare does not give donations or contributions to any political party.

Related links

2024 Annual Report

A Americo Amoda

Download and view the latest Annual Report.

Our business

Evening view of the Moma Mine from above

Kenmare operates the Moma Mine in Mozambique.

Logo
Privacy overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.