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1st Quarter Impact Report – US$ 9.6 Million

RDF Quarterly Impact Report

1st Quarter Impact Results – US$ 9.6 Million for the Government of Sierra Leone, Liberia and Malawi

During the first quarter 2014, RDF helped low-income governments record US$ 9.6 Million in revenues. The results consisted of mining, oil, forestry, property tax and business license revenues to the Governments of Sierra Leone, Liberia and Malawi.

The Government of Sierra Leone have started managing production and export reports through the latest version of the Mining Cadastre Administration System (MCAS). Historical iron ore production of 2.5 Million DMT has been recorded and the system will be used to support calculations of royalties. During the second quarter, the Online repository is expected to reflect production data, alongside other newly introduced data managed in MCAS.

Mzuzu City Council in Malawi is expecting to increase revenues from property taxation five times this year, after the implementation of the RD Property Tax over the last eight months.

Total government revenues recorded in RDF systems are now US$ 81.2 Million. A further US$ 75.3 Million in Tax revenues recorded by the National Revenue Authority in Sierra Leone from 2010 are visible to public on the GoSL Online Repository, in order to provide a comprehensive picture of mining sector revenues for compliance purposes.

All revenues for Sierra Leone are made public through the GoSL Online Repository. The online system now has over 1,500 registered users, of which over 65% are mining companies and investors. Similar systems are under trial in Liberia and Malawi.

The goal of RDF is to help low-income governments mobilize US$ 1 Billion by 2015. RDF is on track to achieve its programme target of US$ 100 Million cumulative revenues for the Government of Sierra Leone by 2015, and targets for Government of Malawi, Liberia and Mali are still being established.

News

4th Quarter Impact report

RDF Quarterly Impact Report

4rd Quarter Impact Results – US$ 12.1 Million for the Government of Sierra Leone, Liberia and Malawi

During the fourth quarter 2013, RDF helped low-income governments record US$ 12.1 Million in revenues. This is the highest impact result for any quarter so far. The results consisted of mining, oil, forestry, property tax and business license revenues to the Governments of Sierra Leone, Liberia and Malawi.

RDF also signed a new mineral rights administration support project for the Government of Mali, which will start during the first quarter 2014.

Total government revenues recorded in RDF systems are now US$ 71.6 Million. A further US$ 75.3 Million in Tax revenues recorded by the National Revenue Authority in Sierra Leone from 2010 are visible to public on the GoSL Online Repository, in order to provide a comprehensive picture of mining sector revenues for compliance purposes.

All revenues for Sierra Leone are made public through the GoSL Online Repository. The online system now has over 1,500 registered users, of which over 65% are mining companies and investors. Similar systems are under trial in Liberia and Malawi.

The goal of RDF is to help low-income governments mobilize US$ 1 Billion by 2015. RDF is on track to achieve its programme target of US$ 100 Million cumulative revenues for the Government of Sierra Leone by 2015, and targets for Government of Malawi, Liberia and Mali are still being established.

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RDF signs Mineral Rights Administration Project in Mali

Yesterday, RDF signed a two-year support project for improved mineral rights administration for the Government of Mali. The project is funded by GIZ, and based on discussions with the Ministry of Mines, Energy and Water over the last two years. GIZ will also provide an technical advisor to be based in the Ministry.

The project will strengthen the administration of mining licenses and related revenues, improving accountability and transparency in the sector.

News

3rd Quarter Impact report

RDF Quarterly Impact Report

3rd Quarter Impact Results – US$ 8.8 Million for the Government of Sierra Leone, Liberia and Malawi

During the third quarter 2013, RDF helped low-income governments record US$ 8.8 Million in revenues. This consisted of mining, oil, forestry, property tax and business license revenues to the Governments of Sierra Leone, Liberia and Malawi.

Two projects have started in Malawi in Q3 2013: the “Forestry Rights Administration Support project” and the “Revenue mobilization Project” (property taxes and business licenses) in Mzuzu.

Total government revenues recorded in RDF systems are now US$ 59.4 Million. A further US$ 75.3 Million in Tax revenues recorded by the National Revenue Authority in Sierra Leone from 2010 are visible to public on the GoSL Online Repository, in order to provide a comprehensive picture of mining sector revenues for compliance purposes.

All revenues for Sierra Leone are made public through the GoSL Online Repository. The online system now has over 1,400 registered users, of which over 65% are mining companies and investors. Similar systems are under trial in Liberia and Malawi.

The goal of RDF is to help low-income governments mobilize US$ 1 Billion by 2015. RDF is on track to achieve its programme target of US$ 100 Million cumulative revenues for the Government of Sierra Leone by 2015, and targets for Government of Malawi and Liberia is being established.

News

Malawi delegation in Sierra Leone

A delegation from key government agencies in Malawi arrived yesterday in Freetown, for a knowledge exchange visit, learning about how Sierra Leone has managed the growth in the mining sector. The visit was supported by GIZ and RDF, who are providing the MCAS solution to both countries.
The Malawi delegation consisted of representatives from Ministry of Mines, Malawi Revenue Authority, Ministry of Finance and an EITI-stakeholder NGO representative. The delegation will stay for three days to study how well Sierra Leone has helped attract mining investments and managed large-scale mining operations. Malawi is hopeful to identify more mining deposits and attract similar investments.
The Hon. Minister A. M. Mansaray received them today and shared frank lessons from negotiating with mining companies, addressing community expectations and the role of government transparency. He pointed out that the GoSL Online Repository, where MCAS data is made available to the public, was considered a key tool to put pressure on companies to stay compliant. 


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RDF signs Mining Cadastre Administration Support Project in Liberia

Yesterday, RDF signed a two-year project to support the Ministry of Lands, Mines and Energy in administration of mining licenses. The project builds on an earlier technical assessment supported by GIZ, and a preparatory review funding by the World Bank earlier this year.
The project will strengthen the administration of mining licenses and related revenues, building on lessons from similar support to the Government of Sierra Leone. The project is funded by GIZ and Ausaid.
News

RDF signs Malawi Property Tax Project with funding from GIZ

RDF signed a grant agreement with the GIZ Decentralization programme in Malawi last week, which will provide support to the northern council of Mzuzu to mobilize revenues from property tax.
RDF and GIZ have been in discussion with Mzuzu council and the Ministry of Lands over the last six months, aiming to apply RD Systems for increasing local government revenues from business licenses and property tax. The nine-month project will start in August.