Kumtor President Holds Meeting with EITI Chairperson Helen Clark
Kumtor Gold Company President Meets with EITI Chairperson to Enhance Transparency
In a recent meeting, Almazbek Baryktabasov, President of Kumtor Gold Company, sat down with Helen Clark, Chairperson of the Extractive Industries Transparency Initiative (EITI) to discuss ways to increase transparency in the company’s production and financial activities.
During the meeting, Baryktabasov highlighted the importance of transparency in strengthening trust and improving corporate openness. He emphasized the company’s efforts to improve reporting, transparency, and compliance with production, environmental, and social standards.
Furthermore, Baryktabasov outlined the key steps taken by Kumtor Gold Company to enhance reporting processes and collaboration with government agencies and society.
On the other hand, Clark expressed support for the mining company’s initiatives and stressed the significance of continuing cooperation to boost transparency in all aspects.
The EITI is an international standard that aims to promote revenue transparency and accountability in the extractive industry. The rules established by EITI focus on monitoring and coordinating payments and government revenues from the oil, gas, and mining sectors at the state level. This initiative plays a crucial role in combatting corruption in the extractive industries by increasing public awareness of revenues and taxes.
The meeting between Kumtor Gold Company and EITI signifies a commitment to promoting transparency and accountability in the mining sector, ultimately benefiting the industry and society as a whole.
