The extractive industries of Kazakhstan will confirm compliance with transparency.
- Published on Tuesday, 29 September 2015 10:59
In 2016, Kazakhstan will demonstrate compliance with the Standards of the Extractive Industries Transparency Initiative (EITI below). The EITI implementation aims to revenue transparency of companies and the government in the mining sector. For our country the project has the international, political and anti-corruption status. For the second year the data for reports are available in an electronic format through a Unified State integrated information system of the subsoil use management of Kazakhstan. This allows year in year out to sharpen the process optimization and to improve the efficiency of data reconciliation, to improve the quality of the report. These reports are available online on the website of the Committee of Geology and Subsoil Use of the Ministry of Investment and development of the Republic of Kazakhstan (http://geology.gov.kz/ru/napravlenie/ipdo/otchety), as well as at the portal of the Unified state system of subsoil use management (http: // egsu.mgm.gov.kz/pages/home.jsf).
On September 29, 2015, at the Palace of Independence, the 7th National Conference of the Extractive Industries Transparency Initiative began its work, an event that has become a traditional annual one. In the role of the forum organizers were the Ministry of Investment and Development of Kazakhstan, the EITI Secretariat in Kazakhstan, Kazenergy Association, the German GIZ Kazakhstan Community and the Association of Mining and Metallurgical Enterprises AGMP.
One of the main topics of the conference was the upcoming next year validation procedure to validate the EITI compliance, as well as a discussion of the popular version of the National Report.
Reference: The National Report for the second year includes maximally the information data required for the disclosure of Standard of 2013, namely: the contextual information on the mining industry, the information on budget revenues, on dividends on shares in state ownership, in terms of production and exports, on the data of transportation, the data on the contribution of extractive industries to the national economy, social investment, and so on.
Another significant theme of the last conference is the implementation of the EITI at the subnational level. It is not an accident that the forum was attended by the representatives of state bodies from the 14 provinces and the capital cities, which, together with civil society and mining companies, have an obligation to promote the principles of the EITI in the regions, including accountability to the public and informing the public about the financing of social sphere in the regions of Kazakhstan.
To date, this Initiative is more than a public innovation, and it is an instrument of political and economic influence. Countries, included in it and confirmed their compliance with the requirements, greatly improved their positions in the world rankings.
For Kazakhs the implementation of the Initiative gives a lot of good things, primarily, the increasing responsibility of the mining companies and the government in matters of revenue from the sector, the improving of the management system of mineral resources, the increasing awareness of the population about the activities of the companies in the regions. The Government of the Republic of Kazakhstan provides a greater degree of transparency in management, thereby the investment climate improves and the inflow of investments into the country increases, which in turn will result in the development of business and the creation of new jobs. Through the EITI the people of Kazakhstan has the opportunity through non-governmental sector to participate in monitoring the activities of mining companies. For example, to have access to information about the social projects carried out by the companies-subsoil users in Kazakhstan. Supporting the development of the EITI the companies also defend their interests. The implementation of the EITI in the country leads to a reduction of political risks, it helps to prevent social tension in the regions of their activities, which is a positive thing for the business.
Currently, the number of the countries — participants of the EITI is 48, 31 of them comply with the EITI (www.eiti.org.). Among them there are such large developed countries as France, Germany, the USA, UK, Japan, Australia, Canada.
The event was attended by the Vice Minister of the Ministry of Investment and Development of the Republic of Kazakhstan Albert Rau, the Chairman of the Committee of Geology and Subsoil Use of the Ministry of Investment and Development of the Republic of Kazakhstan Bazarbai Nurabaev, the Majilis deputy Aigul Solovyova, the General Manager of «KazEnergy» Asset Magauov, the Executive Director of the Association of Mining and Metallurgical Enterprises AGMP Nikolai Radostovets, the National Coordinator of the «Mineral Resources for the development «GIZ Kyrgyzstan Almaz Ashirov, as well as the heads of the secretariats of the EITI in Kazakhstan, Tajikistan, the Ukraine and Azerbaijan.