The Third Reconciliation Report for TEITI
The Third Tanzania Extractive Industry Transparency Initiatives (TEITI) reconciliation covering the period from July 1st, 2010 to June 30th, 2011 was carried out from February 15th, 2013 to June 26th, 2013 by BDO East Africa, Tanzania in association with Paulsam Geo-Engineering Limited. The objective of the assignment was to undertake a reconciliation of material payments provided by mining, oil and gas companies, and receipts from Government agencies.
A scoping study was carried out to determine the number of participating companies, and to provide guidance on the materiality payments. The Scoping Study Report was approved by MSG at its meeting on April 17th, 2013, and agreed that materiality threshold for payments to be Tshs. 150,000,000 (Tshs 0.15 Billion). Based on this threshold, 30 companies were selected (18 mining and 12 oil and gas companies) as covered entities for 3rd TEITI Report, representing more than 99% of the total revenue collected by the TRA , MEM, and TPDC during the year ended June 30th, 2011.
Ministry of Energy and Minerals
754/33, Samora Avenue
P. O. Box 2000
Dar es Salaam, Tanzania