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Lee Bailey, Natural Resource Governance Institute
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Commodity Trading Transparency, Myanmar Extractives Photos,, and more...

Improving the impact of Mongolia’s extractive projects is not just about better contracts and proposed legal reforms. It is also very much about effectively monitoring and enforcing existing obligations.

Daniel Kaufmann, president and CEO of NRGI, delivered a video keynote address at the Australian Public Sector Anti-Corruption Conference in Brisbane.

There are close links between politics and the management of extractives such as oil, gas and minerals. Along the extractive industries value chain politicians are involved in setting the legal framework, allocating exploration and production licenses and deciding on the saving and spending of extractive revenues.

Today, Switzerland-based trading house Trafigura disclosed how much it paid to several governments in exchange for commodities in its first annual responsibility report. For decades, physical commodity traders have embraced secrecy as a basic part of their business model, even when dealing with public institutions. The disclosures by Trafigura represent a much-needed step away from this unfortunate tradition. There remains, however, ample room for improvement.