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The MPA says it has worked together with the UK minerals industry, government and civil representatives to implement the EITI initiative in the UK as a further step to help improve public information and dialogue on the contribution and role of extractive industries in the UK.
The EITI was launched by then Prime Minister David Cameron in 2013. A key objective of the international EITI process is to set out a summary of certain payments made by extractive industries to governments and received by governments in the interests of financial transparency.
The initiative also aims to increase public awareness of the role of extractive industries in participating EITI countries. 51 countries are now involved in the EITI. The UK EITI is managed by a body comprising of representatives of government, civil society and Industry, with industry representation from the oil and gas and mining and quarrying industries.
EITI reporting is to a prescribed set of standards established by the international EITI organisation and complements other information on the mineral products industry produced by the MPA, including sustainable development reporting and the Profile of the UK Mineral Products Industry, which sets out the broader economic contribution of the industry.
MPA chief executive Nigel Jackson said: “The information provided by the UK EITI provides further evidence on the contribution of the UK’s extractive industries. We support the publication of this and related industry information because it all helps to improve information and awareness about the industry and its role in the UK. At a time of great economic uncertainty and increasing interest in all aspects of sustainability, the contribution and performance of the extractive and related industries will be under continuing scrutiny and the UKEITI is an important part of this process."
He added that the report aligns with one of the key pillars of the UK Minerals Strategy to improve public understanding of the need for minerals and mineral products and their associated supply chains by strengthening the evidence base and availability of data.
