Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles
Numerous recent changes in the mining industry have led governments to an increased interest in the tender process as a means of awarding mineral rights. High demand and high mineral prices driven by rapid economic growth in countries such as Brazi...
Main Authors: | , |
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Format: | Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2014
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2011/09/15476393/mineral-resource-tenders-mining-infrastructure-projects-guiding-principles http://hdl.handle.net/10986/18292 |
Summary: | Numerous recent changes in the mining
industry have led governments to an increased interest in
the tender process as a means of awarding mineral rights.
High demand and high mineral prices driven by rapid economic
growth in countries such as Brazil, China, and India, and
the emergence of new global companies in these countries,
have resulted in increased competition to obtain access to
mineral resources worldwide. The two parts of this paper,
the guidance/good practices and the case study, are
presented together even though they do not directly draw on
each other's conclusions. Both examine guiding
principles and good practices for governments to use in
attracting mineral investments. Although it is noted by the
authors that the Aynak tender was not a perfect process,
occurring as it did in a difficult environment with a
deficient in-country capacity and myriad investment
challenges, it is a relevant example of what is involved and
what must be considered by a government in the process and
content of a tender. The paper is expected to motivate
long-term strategic thinking among decision makers in
mineral-rich countries on ways to begin mine development
with the end in mind. Its intention is not to prescribe a
set of actions, but rather to inform possible ways of
maximizing the local content from mining projects which will
need to be adjusted in each unique case. |
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