There were no in-kind flows and sale of the state’s share of mining in 2017 reported, nor has any Government financing towards companies been reported. Through NV1, state owned entity, the Republic of Suriname gains a 30% participating interest in…
In addition to the reconciliation of material financial flows between reporting extractive companies and Government, the following is included in this report: The sale of the state’s share of production or other revenues collected in-kind (5.2.3.1)/ req 4.2 Financing of…
Mining Companies According to an overview of GMD, dated October 24, 2019, regarding the mining rights / licenses for the category gold, diamond and other ores there have been 58 cases of movements in 2017. A summary is presented in…
A summary of the results of the 2017 reconciliation for the mining company is set out in the next table: Hereafter disclosure of the significant differences will be explained per company. Exchange differences are a result of differences in converted…
In accordance with the EITI standards of 2016 specific financial and non-financial data has been collected from reporting entities, Government institutes and ministries. In this section of the EITI report the data is reconciled and discrepancies, if any, have been…
See section 3.1.2 Governmental structure for their tasks in SR-EIT 2016 on Regarding the extractive industry (oil & gas, gold and aluminum), MONR is responsible for the sustainable development of the mineral sector, such that optimal revenues are earned…
MOF consists of three directorates: 1. Finance The Finance Directorate is responsible for: The general management of all Government funds and the supervision of their correct use. Here, the financial interests of the state and other institutions, in which the…
Based on the financial data available at the Ministry of Finance, it has been concluded by MSG SR-EITI, that 4 companies of the oil sector and 3 companies of the mining sector, are considered material for these two sectors. Additionally,…
The reporting by the reporting companies is based on a cash basis and not on an accrual basis, therefore the companies must only enter the payments made in the reporting year, i.e. January 1 – December 31, 2017, in line…
Income of the Government other than Legal and Fiscal based can be reported by each reporting company on specific circumstances and/or arrangements. For 2017 the following payment flows to the Government have been identified in the reporting and reconciliation phase:…