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Angola presents its first extractive industry report in December

Angola will launch the first National Extractive Industry Report in December, presenting detailed information on the mining and oil sectors, the Ministry of Mineral Resources, Oil and Gas (Mirempet) announced this Friday.

: Facebook Ministério dos Recursos Minerais, Petróleo e Gás Angola
Facebook Ministério dos Recursos Minerais, Petróleo e Gás Angola  

The launch of the document, referring to the 2021 fiscal year, will take place on December 16th and demonstrates "Angola's commitment to the transparent management of its resources", according to the minister responsible for it, Diamantino Pedro Azevedo, also president of the National Committee Coordination Committee (CNC) of the Extractive Industries Transparency Initiative (ITIE).

The ITIE is a voluntary platform to promote transparency and responsible management of revenues from the extractive sector (mining and oil) implemented by interested countries and companies operating in these industries.

Last year, Angola became the 57th member country of the Extractive Industry Transparency Initiative.

The preliminary summary version of the first ITIE Angola Report, which is being prepared by the consultancy Erns&Young (E&Y), was presented at the CNC meeting, which took place on Wednesday, according to the information published on the Mirempet page.

José Malanga, Executive Director of the CNC, highlighted at the time that "due to legal situations, the 2021 EITI Angola report will not be the same as the one that the Committee members would like to produce", however allowing "to ensure Angola's maintenance in the Initiative".


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