The Extractive Industries Transparency Initiative (EITI) was launched by the then-UK Prime Minister, Tony Blair, at the World Summit on Sustainable Development in Johannesburg, South Africa, in September 2002. The initiative is a partnership of governments, international organisations, companies, non-governmental organisations (NGOs), investors and business and industrial organisations. Its aim is to increase transparency in transactions between governments and companies in the extractive industries. This transparency will in turn improve public awareness of the revenues from these industries, thus increasing the likelihood that they will contribute to sustainable development and poverty reduction.
AngloGold Ashanti has been an active supporter of the initiative since its inception, both via the company’s membership of the ICMM and individual corporate action. AngloGold Ashanti formally became an organisational supporter of the EITI in 2006. AngloGold Ashanti’s status as a supporter company can be viewed on the EITI website. AngloGold Ashanti also has a validation letter regarding its commitment to the EITI, which is available for download below.
As a matter of principle AngloGold Ashanti has established a practice of disclosing all payments made to governments in its annual sustainability report, regardless of whether the country is a formal supporter of the EITI.
Significant progress has been made in most of the countries in which AngloGold Ashanti operates. Ghana, Tanzania and Mali have achieved compliance with EITI requirements. Guinea and the USA are registered as candidate countries. The DRC is currently suspended and is working to achieve its candidate status and compliance.
For further information, please visit http://eiti.org.