Australia

Map of Australia

Factbox

Australia is not only rich in natural resources but an important player in the global extractive market.

On a global level, Australia tops the league in reserves of - among others - recoverable brown coal, nickel, tantalum and uranium and ranks second for bauxite, copper, gold, ilmenite and silver. It is the world’s largest exporter of alumina, black coal, iron ore, lead and zinc and a major exporter of liquefied natural gas. From 2006 – 2007 the mining and petroleum industries produced over 8% of the country’s GDP and made up 63% of its merchandise export earnings.

Australia’s stock exchange lists 1,041 extractive companies , representing 5% of global market value. Major Australian extractive companies include Rio Tinto and BHP Billiton.

Sources: Australian Government Department of Foreign Affairs and Trade, Revenue Watch Institute

 
 

PWYP Australia Coordinator

Claire Spoors
C/O Oxfam Australia
Tel: +61 2 8204 3935
claires@oxfam.org.au

About the campaign

PWYP Australia was launched in June 2011. The coalition is made up of a wide range of organisations – human rights, aid, faith-based, anti-corruption and environmental among others – that all see revenue transparency as central to their objectives.

PWYP Australia has two key areas of focus. Firstly, the coalition is campaigning for the country to fully implement the EITI following a pilot which will commence on 1 July 2012. Several members of PWYP Australia represent civil society on the pilot’s multi-stakeholder group. Australian implementation of the EITI would improve trust and accountability in the country’s mining and oil and gas sectors and would also help secure the EITI as the global standard for transparency in the extractive industries

The coalition is also advocating for the Australian Securities Exchange (ASX) to introduce rules that would oblige companies listed on the exchange to publish what they pay governments in the countries in which they operate, in line with similar rules being introduced in the United States and European Union.

Recent activities

27 January 2012PWYP Australia, along with other PWYP members, sent submissions to the Australian Stock Exchange calling for stronger reporting measures for extractive companies.

16 December 2011- Oxfam Australia and Publish What You Pay Australia have released a joint briefing, The Australian Securities Exchange: extractive industry companies and payment disclosure. The briefing gives an overview of payment disclosure listing rules for mining, oil and gas companies and how the Extractives Industries Transparency Initiative complements such rules. It also makes recommendations to the ASX, the Australian Securities and Investments Commission, and the Australian Government, that rules requiring payment disclosure from extractive industry companies on a country-by-country and project-by-project basis be introduced in Australia.

27 October 2011 – the Australia government announced that it would initiate a pilot of the EITI (go here for more information). In an article for Business Day , executive director of Oxfam Australia Andrew Hewett stated that implementing EITI would “allow Australians to access information on the value of our natural resources. The more those affected by mining, such as indigenous communities, know about payments made to governments, the greater the likelihood they can negotiate equitable benefit-sharing agreements.” Read the article in full here.

20 September 2011PWYP Australia issued a press release congratulating the US’ decision to join EITI. Read it here or here (PDF).

On 29 August 2011, PWYP Australia released their first press release calling on the Australian government to sign up to EITI, you can view it here or in its PDF format. Two members of PWYP Australia were also interviewed on the subject by Australian radio station The Wire.

10 June 2011 – a wide range of civil society organisations gathered in Melbourne for a PWYP information and strategy development workshop. Hosted by long time PWYP member Oxfam Australia, sessions included an introduction to PWYP, examination of national coalition case studies and a strategy brainstorm for the future of the campaign in Australia.