As part of examining the assurance environment applicable to mining companies, companies were required to provide a copy of their audited financial statements and in accordance with the terms of reference for our assignment, we have documented whether the participating…
The mining companies have reported the following employee data: Small and medium scale gold mining right holders occasionally hire subcontractors for the operational activities and have less employees. Though the collective reported wage tax paid, they did not report their…
Specific payments should also be made to specific communities by the mining companies, RGM and NS based on their agreements. These are the following: Annual funds for projects for civil society Training fees Reported social expenditure, exclusive of SHMR contribution,…
Beneficial ownership reported by the reporting companies mining sector: As of December 31, 2017, the private companies RGM and NS are respectively a subsidiary of IAMGOLD Corporation, headquartered in Toronto, Canada and Newmont Mining Corporation with headquarters in Denver, United…
Production The production data of the mining companies that should be reported by MONR, with reference to the requirement in the licenses issued, might not be complete and accurate due to inconsistencies on the side of all the mining right…
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…