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Burkina Faso
2009 
| 2008
Data Year
2009
Report Published
2011
Commodities
Gold
Gold
Current EITI Status
Candidate
Candidate
Report Quality Analysis
- Report covered data from 2008-2009.
- Burkina Faso's first EITI report includes a detailed description of the country's growing gold industry and a number of recommendations for how the reporting process could be improved.
- Revenues are disaggregated by company (and by default, by project) and the report includes critical company-by-company production and price data.
- The report notes the government entity that receives each revenue stream and includes the names of relevant government officials and company executives--a helpful resource for transparency advocates and civil society.
- However, the report is not as comprehensive as it could be, particularly for 2008, when only one mining company was required to report. While the report defines a materiality threshold, it is unclear why only one company met this threshold in 2008.
- The report includes a large number of revenue streams, some only identified by their initials. Future reports should more clearly note the name and purpose of each revenue stream.
Report Compiled by KPMG
EITI report Download PDF
Source itie-bf.gov.bf
Company Payments
$24,962,867
Government Receipts
$22,698,095
GDP, 2009 BILLION $ source
8.105
Total Government Revenue (% of GDP)
19.44
Reported EI Revenue
(% of Total Revenue)
1.44
| Commodity | EITI Production Volumes | Units | Indep. Source Production Volumes | Units | Price from EITI Report | Per Unit | Indep. Reference Price | Per Unit | Total Company Payments | Total Gov't Receipts | Notes |
| Gold | 11,604 | kgs | 13,500 | kgs 3 | 30,093.10 | $/kg | 31,336.69 | $/kg 3 | $24,962,867 | $22,698,095 | 4 |
1 BPSR
2 Gas received in-kind is NOT included in total govt revenues or company payments. Govt figures come from Govt report, see http://www.oilfund.az/en/account
3 USGS
4 Company and government totals differ from the aggregated table on p. 33 of the report because they are based on individual company tables (p. 35, 38, 41, 43).
EITI report failed to provide this commodity-specific data.
2 Gas received in-kind is NOT included in total govt revenues or company payments. Govt figures come from Govt report, see http://www.oilfund.az/en/account
3 USGS
4 Company and government totals differ from the aggregated table on p. 33 of the report because they are based on individual company tables (p. 35, 38, 41, 43).
EITI report failed to provide this commodity-specific data.
Report Quality Indicators | ||
1. Regularity | ||
| a) score | .50 | |
| b) total reports / implementing years | 1/2 | |
2. Timeliness | ||
| Lag between fiscal year of data and publication year. | 2 | |
3. Materiality | ||
| Report clearly defines a materiality threshold. | Yes | Companies are required to report if they were in the exploitation phase in 2008 or 2009 and had "attained the materiality threshold of 50 million FCFA." It is not clear if this number refers to company profits, payments to the government, or some other measurement of significance. |
4. Data Reliability | ||
| Report contains audited data from: | ||
| a) companies | Yes | |
| b) government | Yes | |
5. Coverage | ||
| Revenue data includes the following revenue streams: | ||
| a) royalties | Yes | |
| b) taxes | Yes | |
| c) surface, rental or license fees | Yes | |
| d) bonuses | No | |
| e) state-owned enterprise (SOE) payments | Yes | The state owns a 10% of each company included. |
| f) Report covers all extractive sector companies. | Yes | 4/4 companies that met the materiality threshold in 2009 reported. Only one company was required to report in 2008, and did. It is unclear why just one company (SOMITA) met the materiality threshold in 2008 as several other gold mining companies produced more. |
| g) Report states the price of any product received or sold by government. | Yes | Gold prices are listed, however, it is not clear that the government received gold in-kind. |
| h) Report states the quantity of resources produced. | Yes | Project-by-project production totals are included. |
6. Discrepancies | ||
| Report contains: | ||
| a) information on the cause of revenue discrepancies. | Yes | |
| b) reconciled data following the correction of discrepancies. | No | |
7. SOE Revenue Flow | ||
| SOE Revenue Flow data is clearly explained in the report. | No | |
8. Disaggregation | ||
| Report provides financial data on individual: | ||
| a) companies | Yes | |
| b) revenue streams | Yes | |
| c) projects | Yes | Only because each company only operates a single project. |
| d) commodities | Yes | The report only includes revenues from a single commodity - gold. |
9. Comprehensibility | ||
| Report contains: | ||
| a) a summary with key findings and revenue totals | Yes | |
| b) clear indication of what currencies and units of measurement are used | Yes | |
| c) written explanation of key findings and recommendations | Yes | |
| d) a clear definition of terms | Yes | |
10. Accessibility | ||
| Report is available: | ||
| a) in at least one official language | Yes | |
| b) on a government website | Yes | |
Related Indicators | ||
| Revenue Watch Index, N/A | N/A | |
| Corruption Perception Index, 2010 | 98/178 | |
| Open Budget Survey, 2010 | 5 | |
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