Mozambique: Kenmare Resources leads CIP’s extractive industry transparency ranking – Watch

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Mozambique: Kenmare Resources leads CIP’s extractive industry transparency ranking – Watch

4:28 CAT | 21 Oct 2020

Photo: CIP

Mining company Kenmare Resources, which exploits heavy sands, leads the ‘ranking’ of transparency in the extractive sector in Mozambique presented on Wednesday by the Centre for Public Integrity (CIP), a Mozambican NGO. [Read the full Extractive Industry Transparency Index 2019-2020 by CIP, in English, HERE]

“This is the most transparent company because, in fiscal terms,” the most important criterion in the ‘ranking’, “it has the highest score. Kenmare also stands out because it has a website with 80 percent of the expected information,” said Inocência Mapisse, coordinator for the extractive industry at the CIP.

“It is satisfactory to be in this position, as it means that the effort we make to disseminate information is recognised. It is proof that we are on the right track,” Gareth Clifton, Mozambique Manager at Kenmare Resources, told Lusa.

The company scored 65 points out of 100.

The ranking covers 12 companies and the top five places include, in addition to Kenmare Resources in first place, Vale Mozambique in second, Total in third place, Montepuez Ruby Mining in fourth, and in fifth place, ENH.

“Overall, Kenmare Moma Mining is the only company on the list with an on-going project website in Mozambique where significant project information regarding the components: tax, corporate governance, social and environmental, is made available, ” CIP notes. ” However, one crucial aspect highlights the KMML company website. This is because the website (one of the main means used to provide information) is in English only. More than 90% of the information is in English with the exception of brief information on employee recruitment,” it adds.

“We recommend it in Portuguese for the benefit of the population,” said Inocência Mapisse.

The Extractive Sector Transparency Index 2019-2020 0. is based on a ranking of Mozambican and foreign companies in the mining and oil sectors, which aims, based on international analysis criteria, to assess the levels of transparency in terms of sharing useful information about their investments.

The initiative, launched today by the CIP, assessed companies on the basis of the provision of information taking into account tax, social, governance and environmental aspects.

The data collection was based on company websites and contact with civil society partners.

According to the CIP, the transparency index of the sector in the country is “very low,” with a score of around 30%, suggesting the creation of a device that “forces companies to make information available”.

“The most serious situation is related to the environmental issue, which presents 5% [of transparency]. Companies provide very little information on environmental issues”, Inocência Mapisse said.

The state Mozambique Mining Company occupies the last position in the ranking, with 4% transparency.

“As this is a public company it was expected to be an example in terms of transparency ensuring information for the citizen”, the CIP concluded.

Kenmare Resources plc is a mining company headquartered in Dublin, Republic of Ireland,which operates the Moma Titanium Minerals Mine, in Nampula province, northern Mozambique.