Colombia obtains the second highest EITI score for good mining and energy practices

Ministry of Mines and Energy said that in four years, Colombia got the second highest grade awarded by the EITI, which is a global standard that measures the transparency and responsible governance of oil, gas and mineral resources.

"We are the first country in America to achieve the highest level of progress in the implementation of the @EITIorg standard. Recognition of good practices of the mining-energy industry. That's part of our legacy, "said President Juan Manuel Santos, through his Twitter account.

For his part, MinMinas said that" Colombia meets all the requirements of the EITI Standard, among which: the collection income and the socio-economic distribution of resources. "

Among the main recommendations that EITI made to Colombia in order to pursue its work plan are: to continue the efforts to modernize the mining cadastre and systems of hydrocarbon permits, publish the true beneficiaries of companies with mining titles and oil contracts, and deepen territorial issues to find how to bring more detailed information to communities with business activities.

Carlos Andrés Cante Puentes, Deputy Minister of Mines, asserted that obtaining this status will benefit greatly to the mining industry of energy. "We will hand over to the next government a globally recognized Colombia for its commitment to transparency, good governance and good practices, which has taken a breather to accelerate foreign investment in a key sector of the national economy. . "