Glossary

Terms and key concepts

Projects and interrelated key concepts

  • Project (resource project)

ResourceProjects.org refers to the EU Accounting Directive definition as our core means for defining a project : “'project' means the operational activities that are governed by a single contract, license, lease, concession or similar legal agreements and form the basis for payment liabilities with a government. Nonetheless, if multiple such agreements are substantially interconnected, this shall be considered a project;“ (...) "Substantially interconnected legal agreements should be understood as a set of operationally and geographically integrated contracts, licenses, leases or concessions or related agreements with substantially similar terms that are signed with a government, giving rise to payment liabilities.”

Some data sources may, however, define projects differently than the EU Accounting Directive. When this occurs, ResourceProjects.org does not attempt to impose an authoritative project definition or name. Instead, wherever possible, we link projects as defined under the Accounting Directive with other aliases by which they may be known in the public domain or in other data sources. By documenting different sources of how and how often projects are being referred to, ResourceProjects.org aims to build a comprehensive list of projects across the globe while also mapping out inconsistencies in project attribution.

  • Reporting Company

The name of the company directly associated with the project. This can include companies that are holders of the mining or petroleum license, permit or other legal right to explore and/or extract, are signatories to the mining or petroleum contracts, have an ownership stake in the project, pay taxes related to commodity extraction to the government. Where possible, the recorded company name should match the name used in a national company registry or an opencorporates.org entry.

  • Project Country

Records the ISO 3166-1 names of the country in which the project exists. In some cases, the companies reported payments to multiple countries in a single line. These payments were split between these two countries using notes were available or by assuming 50/50 split.

  • Payment Types

The EU directive outlines seven payment categories to classify payments. These are Taxes, Royalties, Fees, Payments for infrastructure improvements, Bonuses, Production entitlements and Dividends.

  • Start Date

This records the start date for the financial period in which a company is disclosing payments.

  • End Date

 This records the end date for the financial period in which a company is disclosing payments.

  • Value (in USD)

The payment value recorded in USD (The notes section provides the exchange rate in case there was a conversion)

  • Entity Name

The name of the government entity that received payments from a company.

  • Project Country

Records the ISO 3166-1 names of the country in which the entity exists.

  • Project Country

Records the ISO 3166-1 names of the country in which the payments were reported.