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Zambia
2008 
Data Year
2008
Report Published
2011
Commodities
Copper, Nickel, Cobalt, Gemstones, Gold, Limestone, Coal
Copper, Nickel, Cobalt, Gemstones, Gold, Limestone, Coal
Current EITI Status
Candidate
Candidate
Report Quality Analysis
- Report covered data from 2008.
- The report includes a helpful overview of the Zambian mining sector and a clear summary of major findings.
- It describes in detail how discrepancies were reconciled and breaks down unresolved discrepancies by company and revenue stream. It also notes the importance of looking at the absolute value of discrepancies rather than net discrepancies.
- It identifies the government agency that received each revenue stream.
- The report should detail company payments and government receipts both before and after the reconciliation process. Right now it only includes the payments and receipts initially reported by companies and the government, and the total amount of remaining discrepancies after reconciliation. This makes it impossible to know if companies, the government, or both, adjusted the amounts initially reported.
- The report contains no definition of materiality. While there is no clear statement about auditing standards in the report, the templates given to government agencies and companies do require managers to attest to the fact that their accounts had been audited to international standards.
- The description of challenges faced by the reconcilers and recommendations for addressing them is a useful resource for other EITI candidate countries and reconciling agencies.
- The report details the role of the ZCCM-IH, the successor to Zambia's national mining company, which is a majority government-owned investment company. The report's authors explain their reasons for considering the ZCCM-IH as a "company" rather than a "government agency."
Report Compiled by PricewaterhouseCoopers Ltd.
EITI report Download PDF
Source zambiaeiti.org.zm
Company Payments
$462,994,300
Government Receipts
$459,714,041
GDP, 2008 BILLION $ source
14.71
Total Government Revenue (% of GDP)
22.31
Reported EI Revenue
(% of Total Revenue)
14.01
| 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 |
| Copper | 600,000 | mts | 583,000 | mts 1 | 3,000.00 | $/mt | 6,944.56 | $/mt 1 | 2 | ||
| Nickel | tons | 751 | tons 1 | 21,104.00 | $/ton 1 | $12,912,376 | $5,042,061 | 3 | |||
| Cobalt | 6,900 | mts 1 | 83,246.55 | $/mt 1 | 2 | ||||||
| Gemstones | $624,392 | $431,083 | |||||||||
| Gold | 1,930 | kgs 1 | 28,083.68 | $/kg | 2 | ||||||
| Limestone | mts | 2,000,000 | mts 1 | $15,866,717 | $23,582,469 | ||||||
| Coal | mts | 220,000 | mts 1 | 133.23 | $/mt 4 | $53,242 | $829,949 |
1 USGS
2 Disaggregation by commodity not possible (some companies produce several commodities)
3 Estimates of nickel production found on p.42.3 of USGS 2008 Minerals Yearbook Zambia
4 BPSR
EITI report failed to provide this commodity-specific data.
2 Disaggregation by commodity not possible (some companies produce several commodities)
3 Estimates of nickel production found on p.42.3 of USGS 2008 Minerals Yearbook Zambia
4 BPSR
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. | 3 | |
3. Materiality | ||
| Report clearly defines a materiality threshold. | No | |
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 | Includes information about payments from companies to ZCCM-IH, and payments from ZCCM-IH to the government. ZCCM-IH is 87% government-owned. |
| f) Report covers all extractive sector companies. | No | 14/16 companies reported. |
| g) Report states the price of any product received or sold by government. | Yes | Copper prices only. |
| h) Report states the quantity of resources produced. | Yes | Rough estimate for copper only. |
6. Discrepancies | ||
| Report contains: | ||
| a) information on the cause of revenue discrepancies. | Yes | |
| b) reconciled data following the correction of discrepancies. | Yes | While it appears reconciliation has taken place, the report does not provide reconciled totals of government receipts and company payments. |
7. SOE Revenue Flow | ||
| SOE Revenue Flow data is clearly explained in the report. | Yes | |
8. Disaggregation | ||
| Report provides financial data on individual: | ||
| a) companies | Yes | |
| b) revenue streams | Yes | |
| c) projects | No | |
| d) commodities | No | Company data allows some disaggregation by commodity. |
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, 2010 | 41.2 | |
| Corruption Perception Index, 2010 | 101/178 | |
| Open Budget Survey, 2010 | 36 | |
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