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Liber a Exkactive lnd!str es Transparency lnitiative

LEITI Reeulation

001/11/09

rhenierelaidorhern:tuGl'esourLdsofLibera.ai.o

ribu(e

oorenrii .ofu b(ons ol rhe+ r enabrsh th.lib.ri E{adive Lnd

n did $cialdevelopmeni orthe c ope or Libera have asre,4

niliative (LErr), whi.h

'nmensey

ro porerry

i.

dre

nrrid

e ro

rGBpiren.y nir ve (Er) by rcq!enins, re.eiviis rid pubirhi.s (llarp.yneits na.re io rhP 12) the.otrcspordnr8 sovenmeit by:lD, mnnB, roronry and

i
aid biidiic oi
al

et by re

e':rt iscn.icsol
ds

tlre 6ov.flinrent

ilr:t

its

requnen.ic

are

e.r!arY:pp

ed to

,009(Iher\d"l Ihelalur.orr

n.ies of Governdeit ro sub t LErrre.runedreDort(s)lnderminsthc.onpeteie$and ed b l tY or Ll rr annu: rcpo (sland hasn,eadd iion: nes veefiedoldicourasi.sotheEfronr.ontnuins.omp an.e.

ro addres inn3kesornon oiroia(e, $dbn 61h)orth rsGmup f'Lr MsG'l bridsm ie rhe saicrions ro be:pp ed :$hn:ny.omp:ny and/Dr rs.n.y of cove,nment f; ng to submn a report requned by rEr , or othenvLe rompy wilh requiremena of r[lT Tli r po ny hii been estab nhed ptrnuant to sed on 6.rlhlorrhe IE rr Acr or 2009

1.1

Non.omoiin.e with the

trr shal.orritr

oI o.e

reveiues dda at

:..ord:n.e with th.

farurc o,

pro.edures approved

ru$

tD rondrd

prior:rdt, raveu

and

aite*
s,

on of payment o,

pvenuesdab n'bh

tedrorprepar onofannua LEIrRcpo

nGb/R{orcik 6, lb) provik rpqucncd dotumeniauon n.on e.lioi wth llbmted d a, d t).oop.Et arlfyns ihe r cry,.onpLctene*.id (edb ry or
tu ue sws the qunies of
Admh subnrirl.d oaymena or reveu&sd . subnliedi

b 1:)

rrr

enibirhed liv law

ro the L[r and/or i Drenenr o,:doprpd by the LE rrMsG, ard

tui!,ptDrespon.rio nvihuon{5),denraidl!)orw:mnsls)eitendedorg'eibv'r

,1

Adoption of a Recime of

.omp:n.e with

tri r.epo n
ind
otr (RPsla
Pnab ishad lrcre

ents, tBrr 5hal

mpc enr 6bb

,es me of prosresve

sarct oB lRPs)
ishc{r ng or n the

nsthe RPs rhe Res me of Prosress

herei shaL .onsnt orthe rolorv' .pr nai on iid (r) inne.s is m:sn i!de
Fo

orderor 11)sequri'

low ig

!is!..esfu
tc

rhe

se tarar and uoon th w,tp, demiid io.omovoi 3.o

F

'omp peiod !v hinv'rnh Ettu rementtoH sarioi rhewr.eidPmandshal nate, nter al d, rhe rime
I
a

olnoi

ai'ewth

I r
rhe

.onpysh, besbFdropubl.c
darres: onc with anv othr
h

nd

n:t
'ondud

wrirtei demand td w ir fad oI ion 'ompiiai'e

shlght the

una..eptbe

and the

omp'nv \th

d ro .omPY:rd subsequent Prb rto.onplan'P wirhii a spe'ilied tme th' imentot L beft Nofte or nieniio AlledopeDtioii5halbEsefredo behafofLET bvthe Gov' ihe chan0eEon throush the head ol the ineaB...vofcov.nm responsibrc for rhe sedor or bv Dl the LEr Msc wherenec.$:'Y
dposition ol Fin: nr rEr sub$nve adoi :gain rha bear eor non ust1,0ooo0 (one rhouiid unted nacs Dol noirhenon'ompart or mnr nrv .otr,pa,y Tlr.liie sh:l beinposed bv the covernmef,t df Liber : thrDugh tr I ne aSencv

'h

rerna ns

'om' ol 'ompanv .ompran.a afiP, beins serued a demand to.ompv rd other he!sures, in' u'lins rhP moos tion Iire, the rErT throush rhe Govrdment ol L ber a shi Liberan.o!d of.onDeientrL I sdi.tion 1o suspid or revoke Lhe L'ense ind/or op{aliois orthr
L

Ln

th.

avent rhat a

noi.ompi:

fais to

ito

rhP nninion of
measureioei!!,eiL' Noicomplian@bvAgen.yolco
rubled ot the
RPs

fthe agen'Y who u I r

so be a 1

enablshed heren. rhe ranse of p'osre$ive 3' .onoant herd or3sen.v sha lin.ude 11)^ Demaid to compv, whi'h sh:l

be*

ed bv the

LE

Chairperon or the co{hanpeBon rn ca$ the non comp nnt asen.y k the thai orthe cha ipe6on; ningformrtnrins non.omprianceiand (3)Removarrrom off.eoflhe orrirer 1r)A writs

concertred by the covernment of tiberia.

2.4
sha

Fanandconsi$entApplicijonofAdion{s):Eachandal ortheacuonscomprisincthe
y and cons stently app ied to a lpereons covered by the

RPs

lbehi

LETrAd

2.s

Reasonahle oppodunity

to conplv: Prior to initiatlns or movlng to any of the adions

comprlsins the Resime or P.ogre55ive 5andion5 provided herern,lh

.oncehed adaqu e norice and reasonable opportunity to comply with the lErr'equirement(5)in e shallbe deternined bythe Msc on a.ase by.ase basG prlorto the talting ofea.h ofihe adions/neasuras .ompftitrs the RPs.

2.6 2.7

objedives or Policy: The sole objedive otrhis po icy is to prcfrote due.ompliai.e wirh alr LErT requirenents by aLl mining, o

Adoption ofPoli.v: This Porcywa5 adopled ata reSular meeti4 olthe LErTrMsc held on Thurday, November l2,2009 in rhecfty oJMonrovia, RepublicolLiberh.
his Policy shalbecome effedive a5

of

its publi.ations in one or

mor. local dailies, and itshal remain eftective untilrevoked in wriiin