Mining Foundations, Trust and Funds : A Sourcebook
Mining operations increasingly exist in remote parts of developing countries, and with the combined challenges in public services delivery and development assistance, this is drawing the mining sector further into catalyzing development at local, r...
| Main Author: | |
|---|---|
| Format: | Publications & Research |
| Language: | English en_US |
| Published: |
Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2010/06/18550631/mining-foundations-trust-funds-sourcebook http://hdl.handle.net/10986/16965 |
| id |
okr-10986-16965 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACQUISITIONS ARTICLE OF INCORPORATION BASIC INFRASTRUCTURE BONDS CAPACITY BUILDING CHARTER COMMON LAW COMMUNITIES COMMUNITY DEVELOPMENT COMMUNITY DEVELOPMENT PROJECTS COMMUNITY INVESTMENT COMMUNITY LEADERS COMMUNITY LEADERSHIP COMMUNITY MEMBERS COMMUNITY ORGANIZATIONS COMMUNITY PARTICIPATION COMMUNITY PROJECTS COMPANY COMPENSATION PAYMENTS COMPENSATION PAYMENTS CONSULTATION CONTRACT NEGOTIATION CORPORATE SOCIAL RESPONSIBILITY CORPORATION CORRUPTION DECISION MAKING DECISION-MAKING DEVELOPMENT AGENCIES DEVELOPMENT ASSISTANCE DEVELOPMENT PROJECTS DIVIDENDS DUTY OF CARE ECONOMIC DEVELOPMENT EXECUTION EXPENDITURE FINANCIAL BENEFITS FINANCIAL CONTRIBUTION FINANCIAL DIFFICULTY FINANCIAL DISCIPLINE FINANCIAL MANAGEMENT FINANCIAL RESOURCES FINANCIAL SUPPORT FIXED COSTS FOREIGN INVESTMENT FUNDING MECHANISMS GDP GOVERNMENT AGENCIES GOVERNMENT FUNDING GOVERNMENT INSTITUTIONS GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT INCORPORATED INDIGENOUS GROUPS INDIVIDUALS INTERNAL COMMUNITY RELATIONS INTERVENTION INTERVENTIONS LEGAL ENTITIES LEGAL ENTITY LEGAL REQUIREMENTS LEGAL STRUCTURE LEGAL STRUCTURES LEGISLATION LESSONS LEARNED LEVELS OF GOVERNMENT LIMITED LIMITED LIABILITY LIMITED LIABILITY COMPANY LOCAL ACCOUNTABILITY LOCAL CAPACITY LOCAL COMMUNITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MINING CORPORATIONS MUNICIPALITIES NATIONAL LEVEL OVERHEAD COSTS OWNERSHIP STRUCTURE PARTNERSHIP POLITICAL ECONOMY POLITICIANS POOR GOVERNANCE PRICE FLUCTUATIONS PRIVATE CORPORATIONS PRIVATISATION PROCUREMENT PROJECT EVALUATION PROPERTY TAXES PUBLIC SECTOR PUBLIC SERVICE PURCHASE PRICE REGIONAL DEVELOPMENT REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPRESENTATIVES RESOURCE ALLOCATIONS ROYALTY SHAREHOLDERS SOCIAL FUNDS SOCIAL OBLIGATIONS SOCIETY SOCIOECONOMIC DEVELOPMENT STAKEHOLDER STAKEHOLDERS STATE-OWNED COMPANIES SUBSIDIZED HOUSING TAX STATUS TAXATION TECHNICAL ASSISTANCE TIME CONSTRAINTS TRANSPARENCY TRUSTS VARIABLE COSTS VILLAGES WAGES WEALTH |
| spellingShingle |
ACCOUNTABILITY ACQUISITIONS ARTICLE OF INCORPORATION BASIC INFRASTRUCTURE BONDS CAPACITY BUILDING CHARTER COMMON LAW COMMUNITIES COMMUNITY DEVELOPMENT COMMUNITY DEVELOPMENT PROJECTS COMMUNITY INVESTMENT COMMUNITY LEADERS COMMUNITY LEADERSHIP COMMUNITY MEMBERS COMMUNITY ORGANIZATIONS COMMUNITY PARTICIPATION COMMUNITY PROJECTS COMPANY COMPENSATION PAYMENTS COMPENSATION PAYMENTS CONSULTATION CONTRACT NEGOTIATION CORPORATE SOCIAL RESPONSIBILITY CORPORATION CORRUPTION DECISION MAKING DECISION-MAKING DEVELOPMENT AGENCIES DEVELOPMENT ASSISTANCE DEVELOPMENT PROJECTS DIVIDENDS DUTY OF CARE ECONOMIC DEVELOPMENT EXECUTION EXPENDITURE FINANCIAL BENEFITS FINANCIAL CONTRIBUTION FINANCIAL DIFFICULTY FINANCIAL DISCIPLINE FINANCIAL MANAGEMENT FINANCIAL RESOURCES FINANCIAL SUPPORT FIXED COSTS FOREIGN INVESTMENT FUNDING MECHANISMS GDP GOVERNMENT AGENCIES GOVERNMENT FUNDING GOVERNMENT INSTITUTIONS GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT INCORPORATED INDIGENOUS GROUPS INDIVIDUALS INTERNAL COMMUNITY RELATIONS INTERVENTION INTERVENTIONS LEGAL ENTITIES LEGAL ENTITY LEGAL REQUIREMENTS LEGAL STRUCTURE LEGAL STRUCTURES LEGISLATION LESSONS LEARNED LEVELS OF GOVERNMENT LIMITED LIMITED LIABILITY LIMITED LIABILITY COMPANY LOCAL ACCOUNTABILITY LOCAL CAPACITY LOCAL COMMUNITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MINING CORPORATIONS MUNICIPALITIES NATIONAL LEVEL OVERHEAD COSTS OWNERSHIP STRUCTURE PARTNERSHIP POLITICAL ECONOMY POLITICIANS POOR GOVERNANCE PRICE FLUCTUATIONS PRIVATE CORPORATIONS PRIVATISATION PROCUREMENT PROJECT EVALUATION PROPERTY TAXES PUBLIC SECTOR PUBLIC SERVICE PURCHASE PRICE REGIONAL DEVELOPMENT REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPRESENTATIVES RESOURCE ALLOCATIONS ROYALTY SHAREHOLDERS SOCIAL FUNDS SOCIAL OBLIGATIONS SOCIETY SOCIOECONOMIC DEVELOPMENT STAKEHOLDER STAKEHOLDERS STATE-OWNED COMPANIES SUBSIDIZED HOUSING TAX STATUS TAXATION TECHNICAL ASSISTANCE TIME CONSTRAINTS TRANSPARENCY TRUSTS VARIABLE COSTS VILLAGES WAGES WEALTH World Bank Mining Foundations, Trust and Funds : A Sourcebook |
| description |
Mining operations increasingly exist in
remote parts of developing countries, and with the combined
challenges in public services delivery and development
assistance, this is drawing the mining sector further into
catalyzing development at local, regional and national
levels. Responding to this multifaceted trend, the mining
sector has increasingly turned to foundations, trusts and
funds as vehicles to share the benefits derived from mineral
production with communities. This sourcebook reviews the
developing country experience of mining sector foundations,
trusts and funds to date, identifies aspects of leading
practice in this field and provides detailed examinations of
fourteen case studies from Peru, Southern Africa and Papua
New Guinea. It approaches this analysis from the
perspectives of the three sets of key stakeholders:
communities, companies and governments. Foundations, Trusts
and Funds (FTFs) have different structures and vary
considerably in different legal jurisdictions. Recognizing
these differences, this study refers to FTFs as a group
representing independent entities with options for
governance to be shared amongst a number of stakeholders.
There are three main purposes for which the mining sector
uses FTF structures: community investment - voluntary
actions or contributions by companies beyond the scope of
their normal business operations; compensation - payments
made by mining companies to mitigate the impacts generated
by projects; and government payments - taxes and royalties
as well as other payment schemes, including voluntary
contributions, which exist between mining companies and
various levels of government which are intended for
redistribution to communities through some form of benefit
sharing mechanism. While FTFs are not appropriate in all
situations, this sourcebook provides examples from a vast
variety of experience to assist communities, governments and
companies to consider the role of FTFs within their mining
benefit sharing approaches. |
| format |
Publications & Research |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Mining Foundations, Trust and Funds : A Sourcebook |
| title_short |
Mining Foundations, Trust and Funds : A Sourcebook |
| title_full |
Mining Foundations, Trust and Funds : A Sourcebook |
| title_fullStr |
Mining Foundations, Trust and Funds : A Sourcebook |
| title_full_unstemmed |
Mining Foundations, Trust and Funds : A Sourcebook |
| title_sort |
mining foundations, trust and funds : a sourcebook |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2010/06/18550631/mining-foundations-trust-funds-sourcebook http://hdl.handle.net/10986/16965 |
| _version_ |
1764435513657262080 |
| spelling |
okr-10986-169652021-04-23T14:03:34Z Mining Foundations, Trust and Funds : A Sourcebook World Bank ACCOUNTABILITY ACQUISITIONS ARTICLE OF INCORPORATION BASIC INFRASTRUCTURE BONDS CAPACITY BUILDING CHARTER COMMON LAW COMMUNITIES COMMUNITY DEVELOPMENT COMMUNITY DEVELOPMENT PROJECTS COMMUNITY INVESTMENT COMMUNITY LEADERS COMMUNITY LEADERSHIP COMMUNITY MEMBERS COMMUNITY ORGANIZATIONS COMMUNITY PARTICIPATION COMMUNITY PROJECTS COMPANY COMPENSATION PAYMENTS COMPENSATION PAYMENTS CONSULTATION CONTRACT NEGOTIATION CORPORATE SOCIAL RESPONSIBILITY CORPORATION CORRUPTION DECISION MAKING DECISION-MAKING DEVELOPMENT AGENCIES DEVELOPMENT ASSISTANCE DEVELOPMENT PROJECTS DIVIDENDS DUTY OF CARE ECONOMIC DEVELOPMENT EXECUTION EXPENDITURE FINANCIAL BENEFITS FINANCIAL CONTRIBUTION FINANCIAL DIFFICULTY FINANCIAL DISCIPLINE FINANCIAL MANAGEMENT FINANCIAL RESOURCES FINANCIAL SUPPORT FIXED COSTS FOREIGN INVESTMENT FUNDING MECHANISMS GDP GOVERNMENT AGENCIES GOVERNMENT FUNDING GOVERNMENT INSTITUTIONS GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT INCORPORATED INDIGENOUS GROUPS INDIVIDUALS INTERNAL COMMUNITY RELATIONS INTERVENTION INTERVENTIONS LEGAL ENTITIES LEGAL ENTITY LEGAL REQUIREMENTS LEGAL STRUCTURE LEGAL STRUCTURES LEGISLATION LESSONS LEARNED LEVELS OF GOVERNMENT LIMITED LIMITED LIABILITY LIMITED LIABILITY COMPANY LOCAL ACCOUNTABILITY LOCAL CAPACITY LOCAL COMMUNITIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MINING CORPORATIONS MUNICIPALITIES NATIONAL LEVEL OVERHEAD COSTS OWNERSHIP STRUCTURE PARTNERSHIP POLITICAL ECONOMY POLITICIANS POOR GOVERNANCE PRICE FLUCTUATIONS PRIVATE CORPORATIONS PRIVATISATION PROCUREMENT PROJECT EVALUATION PROPERTY TAXES PUBLIC SECTOR PUBLIC SERVICE PURCHASE PRICE REGIONAL DEVELOPMENT REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REPRESENTATIVES RESOURCE ALLOCATIONS ROYALTY SHAREHOLDERS SOCIAL FUNDS SOCIAL OBLIGATIONS SOCIETY SOCIOECONOMIC DEVELOPMENT STAKEHOLDER STAKEHOLDERS STATE-OWNED COMPANIES SUBSIDIZED HOUSING TAX STATUS TAXATION TECHNICAL ASSISTANCE TIME CONSTRAINTS TRANSPARENCY TRUSTS VARIABLE COSTS VILLAGES WAGES WEALTH Mining operations increasingly exist in remote parts of developing countries, and with the combined challenges in public services delivery and development assistance, this is drawing the mining sector further into catalyzing development at local, regional and national levels. Responding to this multifaceted trend, the mining sector has increasingly turned to foundations, trusts and funds as vehicles to share the benefits derived from mineral production with communities. This sourcebook reviews the developing country experience of mining sector foundations, trusts and funds to date, identifies aspects of leading practice in this field and provides detailed examinations of fourteen case studies from Peru, Southern Africa and Papua New Guinea. It approaches this analysis from the perspectives of the three sets of key stakeholders: communities, companies and governments. Foundations, Trusts and Funds (FTFs) have different structures and vary considerably in different legal jurisdictions. Recognizing these differences, this study refers to FTFs as a group representing independent entities with options for governance to be shared amongst a number of stakeholders. There are three main purposes for which the mining sector uses FTF structures: community investment - voluntary actions or contributions by companies beyond the scope of their normal business operations; compensation - payments made by mining companies to mitigate the impacts generated by projects; and government payments - taxes and royalties as well as other payment schemes, including voluntary contributions, which exist between mining companies and various levels of government which are intended for redistribution to communities through some form of benefit sharing mechanism. While FTFs are not appropriate in all situations, this sourcebook provides examples from a vast variety of experience to assist communities, governments and companies to consider the role of FTFs within their mining benefit sharing approaches. 2014-02-10T19:50:59Z 2014-02-10T19:50:59Z 2010-06 http://documents.worldbank.org/curated/en/2010/06/18550631/mining-foundations-trust-funds-sourcebook http://hdl.handle.net/10986/16965 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research Publications & Research :: Working Paper |