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Burkina Faso

2009 Indicator Analysis  |  2008


Data Year

2009

Report Published Indicator Analysis

2011

Commodities
Gold
Current EITI Status
Candidate

Report Quality Analysis



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



CommodityEITI Production VolumesUnitsIndep. Source Production VolumesUnitsPrice from EITI ReportPer UnitIndep. Reference PricePer UnitTotal Company PaymentsTotal Gov't ReceiptsNotes
Gold11,604kgs13,500kgs 330,093.10$/kg31,336.69$/kg 3$24,962,867$22,698,0954
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.

Report Quality Indicators

1. Regularity

a) score.50 
b) total reports / implementing years1/2 

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) companiesYes  
b) governmentYes  

5. Coverage

Revenue data includes the following revenue streams:  
a) royaltiesYes  
b) taxesYes 
c) surface, rental or license feesYes 
d) bonusesNo  
e) state-owned enterprise (SOE) paymentsYes 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) companiesYes  
b) revenue streamsYes  
c) projectsYes Only because each company only operates a single project.
d) commoditiesYes The report only includes revenues from a single commodity - gold.

9. Comprehensibility

Report contains:  
a) a summary with key findings and revenue totalsYes 
b) clear indication of what currencies and units of measurement are used Yes 
c) written explanation of key findings and recommendationsYes  
d) a clear definition of termsYes  

10. Accessibility

Report is available:  
a) in at least one official languageYes  
b) on a government websiteYes 

Related Indicators

Revenue Watch Index, N/AN/A 
Corruption Perception Index, 2010 98/178 
Open Budget Survey, 20105 



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