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09 May 2018

MPA Welcomes Publication of the Third UK Extractive Industries Transparency Report

The Mineral Products Association (MPA) supports the important UK Extractive Industries Transparency (EITI) initiative, which was launched by the then Prime Minister, David Cameron in 2013.

A key objective of the international EITI process is to set out a summary of certain payments made by extractive industries to governments and received by governments in the interests of financial transparency.

The initiative also aims to increase public awareness of the role of extractive industries in participating EITI countries. 51 countries are now involved in the EITI. The UK EITI is managed by a body comprising of representatives of Government, Civil Society and Industry, with industry representation from the oil and gas and mining and quarrying industries.

MPA welcomes the publication of the third UK EITI report as another important step in helping to increase awareness of the role and contribution of the extractive industries to the UK. As such it complements MPA initiatives such as the Facts at a Glance report and MPA's latest report on market conditions.

Commenting, Jerry McLaughlin, Executive Director of Public Affairs at the Mineral Products Association, said:  

"Corporate transparency is becoming an increasingly important issue for business and society and the UK EITI provides evidence that Industry, Government and Civil Society can work together to help improve awareness of the activities and critical contributions of the extractive industries which enable society and the economy to function."

Ends.

Notes for Editors

The Extractive Industries Transparency Initiative: payments report, 2016 can be found here.

MPA's Facts At A Glance Report can be found here.

MPA's latest report on market conditions can be found here.

   
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