- Published: Thursday, 18 January 2018 10:22
Government of Solomon Islands has launched the National Mineral policy-2017-2021 in June 2017. The policy formalise Beneficiary Ownership (BO) discloser as a requirement and condition for extractive industries that invest in the mining sector.
The policy require that all current and future mining companies to disclose their beneficial owners to the Government and the Government in turn published BO of companies that gain licences or contracts on annual basis. This is the first time for Solomon Islands to have BO in its policy.
Government is now leading implementing the policy and SI EITI Office is partnering, however significant reforms and review of existing legislations and regulation is require to pave ways for full roll out of the policy.