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Issyk-Kul hosts conference on mining companies’ financial transparency

Business Materials 14 September 2009 12:07 (UTC +04:00)

International conference devoted to financial reporting of mining companies opens at the Issyk-Kul Lake Monday, mining industries' transparency promotion office in Kyrgyzstan reports.

Delegations from Azerbaijan, Kazakhstan, Mongolia, Tajikistan and representatives of Kyrgyz government institutions, public organizations, largest mining companies and international organizations take part in the event.  Within three days the experts and specialists plan to discuss financial transparency of profits and payments of extracting companies. Such event is held in Kyrgyzstan for the first time, "24.kg" reported.

At the forum Kyrgyzstan will present a national report on Transparency of mining industries' initiative and reconciliation of extracting companies' payments in 2008.

Transparency of extractive industries' initiative has started in 2002 as a public movement for publication of companies' payments to the governments of the countries they are working at. Kyrgyzstan joined the initiative in May 2004.

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