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 2022, Kenmare made the following payments to governments:

2022
2021
US$'000 US$'000
Mozambique

Mining royalty 5,699 4,200
Industrial free zone (IFZ) royalty 4,975
4,663
Payroll taxes 11,634
9,971
Corporation taxes 6,1066,156
Withholding taxes 6901,082
Licenses 409388
Mozambique total 29,51326,460
Ireland
Payroll taxes 2,6382,628
Corporation taxes 4,354128
Ireland total 6,992
2,756
UK
Payroll taxes 568
524
UK total 568524
Total payments to governments
37,073
29,740

To view the full table, including data from 2017 to 2022, please view our Sustainability Report 2022.

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