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...

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Main Authors: Stanley, Michael, Mikhaylova, Ekaterina
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
BID
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
id okr-10986-18292
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 ACCESS TO INFORMATION
ACCOUNTING
ADVERSE EFFECTS
ALLOCATION OF RISK
ANCILLARY FACILITIES
ARBITRATION
ASSET HOLDING
ASSET SALES
AUCTION
AUCTIONS
BENEFICIARY
BID
BID BOND
BIDDING PROCESS
BIDS
BOND
BONDS
BRIDGE
CADASTRE
CAPACITY BUILDING
CAPITAL EXPENDITURES
CAPITAL INVESTMENT
CAPITAL INVESTMENTS
CAPITAL REQUIREMENTS
CAPITALIZATION
CASH PAYMENT
CHECKS
COMMODITIES
COMMODITY
COMMUNICATIONS TECHNOLOGY
COMPETITIVE BIDDING
COMPETITIVE TENDER
CONCESSIONS
CONFIDENTIALITY
CONFLICTS OF INTEREST
CONTINGENT LIABILITIES
CONTRACT AWARD
CONTRACTUAL TERMS
CORE BUSINESS
COST OF CAPITAL
DATA AVAILABILITY
DEBT
DEBT RELIEF
DEPOSIT
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPMENT FINANCE
DEVELOPMENT INVESTMENT
DIVIDEND
DRAINAGE
DUE DILIGENCE
ECONOMIC DEVELOPMENT
EMERGING ECONOMIES
ENABLING ENVIRONMENT
ENERGY RESOURCES
ENVIRONMENTAL ISSUES
ENVIRONMENTAL MANAGEMENT
ENVIRONMENTAL PERFORMANCE
ENVIRONMENTAL PROTECTION
ENVIRONMENTAL PROTECTION AGENCY
EQUATOR PRINCIPLES
EQUIPMENT
EQUITY PARTICIPATION
EXPENDITURE
EXPENDITURES
FINANCE CORPORATION
FINANCIAL BENEFITS
FINANCIAL CAPACITY
FINANCIAL CLOSURE
FINANCIAL EVALUATION
FINANCIAL FLOWS
FINANCIAL INCENTIVES
FINANCIAL PROPOSALS
FINANCIAL RISKS
FINANCIAL VIABILITY
FINANCING REQUIREMENTS
FISCAL DISCIPLINE
FOREIGN CURRENCY
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN EXCHANGE MARKET
FOREIGN INVESTORS
GLOBAL MARKETS
GOOD GOVERNANCE
GOVERNMENT AUTHORITIES
GOVERNMENT BORROWING
GOVERNMENT CAPACITY
GOVERNMENT GRANTS
GOVERNMENT GUARANTEES
GOVERNMENT POLICIES
GOVERNMENT REVENUES
GOVERNMENT SUBSIDIES
GOVERNMENT SUPPORT
HOLDING
HOLDING COMPANY
HOLDINGS
INCOME
INCOME TAX
INFLATION
INFORMATION FLOWS
INFRASTRUCTURE CONCESSION
INFRASTRUCTURE CONTRACTS
INFRASTRUCTURE DEVELOPMENT
INFRASTRUCTURE INVESTMENTS
INFRASTRUCTURE PROJECTS
INFRASTRUCTURE REQUIREMENTS
INSTITUTION BUILDING
INSTITUTIONAL CAPACITY
INSURANCE
INTERNATIONAL COMPETITIVE BIDDING
INTERNATIONAL DEVELOPMENT
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL INVESTMENT
INVESTMENT CONTRACT
INVESTMENT FUND
INVESTMENT OPPORTUNITY
INVESTMENT VALUE
INVESTOR CONFIDENCE
INVESTOR INTEREST
ISSUANCE
JOINT VENTURE
JURISDICTION
LEASE CONTRACTS
LEGAL INSTRUMENT
LEGAL INSTRUMENTS
LEGAL PROVISIONS
LEVEL OF DEMAND
LINE OF CREDIT
LOCAL INVESTORS
LOCAL ROADS
LOW-INCOME COUNTRY
MARKET CONDITIONS
MARKET INFORMATION
MARKET REFORMS
MARKET RISK
MIDDLE-INCOME COUNTRIES
MODEL CONTRACT
MONETARY FUND
NATURAL RESOURCE
NATURAL RESOURCES
O&M
OPEN ACCESS
OUTPUT
OUTSOURCING
PARTICULAR COUNTRY
PERFORMANCE INDICATORS
PITS
POLITICAL ECONOMY
POLITICAL REGIMES
POLITICAL RISK
POTENTIAL INVESTOR
POTENTIAL INVESTORS
POWER
PRESENT VALUE
PRESENT VALUE CALCULATION
PRIVATE INFRASTRUCTURE
PRIVATE INVESTORS
PRIVATE SECTOR DEVELOPMENT
PRIVATIZATION
PUBLIC FUNDING
PUBLIC INVESTMENT
PUBLIC RELATIONS
PUBLIC ROAD
PUBLIC SECTOR INVESTMENT
PUBLIC TRANSPORTATION
PUBLIC UTILITIES
PUBLIC-PRIVATE PARTNERSHIP
PUBLIC-PRIVATE PARTNERSHIPS
RAIL
RAIL COMPANY
RAIL LINE
RAIL NETWORKS
RAILROADS
RAPID ECONOMIC GROWTH
REGIONAL INFRASTRUCTURE
REGULATOR
REGULATORY AUTHORITIES
REGULATORY CAPACITY
REGULATORY CONDITIONS
REGULATORY FRAMEWORK
REGULATORY REQUIREMENTS
REINVESTMENT
RENTAL FEES
RESERVE
RESERVES
RESETTLEMENT
RETURN
RETURNS
RIGHT-OF-WAY
ROAD
ROAD MAINTENANCE
ROADS
SANITATION
SETTLEMENT
SHAREHOLDERS
SOCIAL ISSUES
SOCIAL RISKS
STREET LIGHTING
SUSTAINABLE DEVELOPMENT
TENDER PROCESS
TENDERS
TOLL
TOLL ROAD
TRACK RECORD
TRANCHES
TRANSACTION
TRANSPARENCY
TRANSPARENCY INITIATIVE
TRANSPORT
TRANSPORTATION
TRANSPORTATION SYSTEM
TRUST FUND
UNDERGROUND
VEHICLE
WORKING CAPITAL
spellingShingle ACCESS TO INFORMATION
ACCOUNTING
ADVERSE EFFECTS
ALLOCATION OF RISK
ANCILLARY FACILITIES
ARBITRATION
ASSET HOLDING
ASSET SALES
AUCTION
AUCTIONS
BENEFICIARY
BID
BID BOND
BIDDING PROCESS
BIDS
BOND
BONDS
BRIDGE
CADASTRE
CAPACITY BUILDING
CAPITAL EXPENDITURES
CAPITAL INVESTMENT
CAPITAL INVESTMENTS
CAPITAL REQUIREMENTS
CAPITALIZATION
CASH PAYMENT
CHECKS
COMMODITIES
COMMODITY
COMMUNICATIONS TECHNOLOGY
COMPETITIVE BIDDING
COMPETITIVE TENDER
CONCESSIONS
CONFIDENTIALITY
CONFLICTS OF INTEREST
CONTINGENT LIABILITIES
CONTRACT AWARD
CONTRACTUAL TERMS
CORE BUSINESS
COST OF CAPITAL
DATA AVAILABILITY
DEBT
DEBT RELIEF
DEPOSIT
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPMENT FINANCE
DEVELOPMENT INVESTMENT
DIVIDEND
DRAINAGE
DUE DILIGENCE
ECONOMIC DEVELOPMENT
EMERGING ECONOMIES
ENABLING ENVIRONMENT
ENERGY RESOURCES
ENVIRONMENTAL ISSUES
ENVIRONMENTAL MANAGEMENT
ENVIRONMENTAL PERFORMANCE
ENVIRONMENTAL PROTECTION
ENVIRONMENTAL PROTECTION AGENCY
EQUATOR PRINCIPLES
EQUIPMENT
EQUITY PARTICIPATION
EXPENDITURE
EXPENDITURES
FINANCE CORPORATION
FINANCIAL BENEFITS
FINANCIAL CAPACITY
FINANCIAL CLOSURE
FINANCIAL EVALUATION
FINANCIAL FLOWS
FINANCIAL INCENTIVES
FINANCIAL PROPOSALS
FINANCIAL RISKS
FINANCIAL VIABILITY
FINANCING REQUIREMENTS
FISCAL DISCIPLINE
FOREIGN CURRENCY
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN EXCHANGE MARKET
FOREIGN INVESTORS
GLOBAL MARKETS
GOOD GOVERNANCE
GOVERNMENT AUTHORITIES
GOVERNMENT BORROWING
GOVERNMENT CAPACITY
GOVERNMENT GRANTS
GOVERNMENT GUARANTEES
GOVERNMENT POLICIES
GOVERNMENT REVENUES
GOVERNMENT SUBSIDIES
GOVERNMENT SUPPORT
HOLDING
HOLDING COMPANY
HOLDINGS
INCOME
INCOME TAX
INFLATION
INFORMATION FLOWS
INFRASTRUCTURE CONCESSION
INFRASTRUCTURE CONTRACTS
INFRASTRUCTURE DEVELOPMENT
INFRASTRUCTURE INVESTMENTS
INFRASTRUCTURE PROJECTS
INFRASTRUCTURE REQUIREMENTS
INSTITUTION BUILDING
INSTITUTIONAL CAPACITY
INSURANCE
INTERNATIONAL COMPETITIVE BIDDING
INTERNATIONAL DEVELOPMENT
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL INVESTMENT
INVESTMENT CONTRACT
INVESTMENT FUND
INVESTMENT OPPORTUNITY
INVESTMENT VALUE
INVESTOR CONFIDENCE
INVESTOR INTEREST
ISSUANCE
JOINT VENTURE
JURISDICTION
LEASE CONTRACTS
LEGAL INSTRUMENT
LEGAL INSTRUMENTS
LEGAL PROVISIONS
LEVEL OF DEMAND
LINE OF CREDIT
LOCAL INVESTORS
LOCAL ROADS
LOW-INCOME COUNTRY
MARKET CONDITIONS
MARKET INFORMATION
MARKET REFORMS
MARKET RISK
MIDDLE-INCOME COUNTRIES
MODEL CONTRACT
MONETARY FUND
NATURAL RESOURCE
NATURAL RESOURCES
O&M
OPEN ACCESS
OUTPUT
OUTSOURCING
PARTICULAR COUNTRY
PERFORMANCE INDICATORS
PITS
POLITICAL ECONOMY
POLITICAL REGIMES
POLITICAL RISK
POTENTIAL INVESTOR
POTENTIAL INVESTORS
POWER
PRESENT VALUE
PRESENT VALUE CALCULATION
PRIVATE INFRASTRUCTURE
PRIVATE INVESTORS
PRIVATE SECTOR DEVELOPMENT
PRIVATIZATION
PUBLIC FUNDING
PUBLIC INVESTMENT
PUBLIC RELATIONS
PUBLIC ROAD
PUBLIC SECTOR INVESTMENT
PUBLIC TRANSPORTATION
PUBLIC UTILITIES
PUBLIC-PRIVATE PARTNERSHIP
PUBLIC-PRIVATE PARTNERSHIPS
RAIL
RAIL COMPANY
RAIL LINE
RAIL NETWORKS
RAILROADS
RAPID ECONOMIC GROWTH
REGIONAL INFRASTRUCTURE
REGULATOR
REGULATORY AUTHORITIES
REGULATORY CAPACITY
REGULATORY CONDITIONS
REGULATORY FRAMEWORK
REGULATORY REQUIREMENTS
REINVESTMENT
RENTAL FEES
RESERVE
RESERVES
RESETTLEMENT
RETURN
RETURNS
RIGHT-OF-WAY
ROAD
ROAD MAINTENANCE
ROADS
SANITATION
SETTLEMENT
SHAREHOLDERS
SOCIAL ISSUES
SOCIAL RISKS
STREET LIGHTING
SUSTAINABLE DEVELOPMENT
TENDER PROCESS
TENDERS
TOLL
TOLL ROAD
TRACK RECORD
TRANCHES
TRANSACTION
TRANSPARENCY
TRANSPARENCY INITIATIVE
TRANSPORT
TRANSPORTATION
TRANSPORTATION SYSTEM
TRUST FUND
UNDERGROUND
VEHICLE
WORKING CAPITAL
Stanley, Michael
Mikhaylova, Ekaterina
Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles
relation Extractive industries and development series;no. 22
description 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.
format Publications & Research :: Working Paper
author Stanley, Michael
Mikhaylova, Ekaterina
author_facet Stanley, Michael
Mikhaylova, Ekaterina
author_sort Stanley, Michael
title Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles
title_short Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles
title_full Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles
title_fullStr Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles
title_full_unstemmed Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles
title_sort mineral resource tenders and mining infrastructure projects guiding principles
publisher World Bank, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2011/09/15476393/mineral-resource-tenders-mining-infrastructure-projects-guiding-principles
http://hdl.handle.net/10986/18292
_version_ 1764435775201476608
spelling okr-10986-182922021-04-23T14:03:34Z Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles Stanley, Michael Mikhaylova, Ekaterina ACCESS TO INFORMATION ACCOUNTING ADVERSE EFFECTS ALLOCATION OF RISK ANCILLARY FACILITIES ARBITRATION ASSET HOLDING ASSET SALES AUCTION AUCTIONS BENEFICIARY BID BID BOND BIDDING PROCESS BIDS BOND BONDS BRIDGE CADASTRE CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL REQUIREMENTS CAPITALIZATION CASH PAYMENT CHECKS COMMODITIES COMMODITY COMMUNICATIONS TECHNOLOGY COMPETITIVE BIDDING COMPETITIVE TENDER CONCESSIONS CONFIDENTIALITY CONFLICTS OF INTEREST CONTINGENT LIABILITIES CONTRACT AWARD CONTRACTUAL TERMS CORE BUSINESS COST OF CAPITAL DATA AVAILABILITY DEBT DEBT RELIEF DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT FINANCE DEVELOPMENT INVESTMENT DIVIDEND DRAINAGE DUE DILIGENCE ECONOMIC DEVELOPMENT EMERGING ECONOMIES ENABLING ENVIRONMENT ENERGY RESOURCES ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY EQUATOR PRINCIPLES EQUIPMENT EQUITY PARTICIPATION EXPENDITURE EXPENDITURES FINANCE CORPORATION FINANCIAL BENEFITS FINANCIAL CAPACITY FINANCIAL CLOSURE FINANCIAL EVALUATION FINANCIAL FLOWS FINANCIAL INCENTIVES FINANCIAL PROPOSALS FINANCIAL RISKS FINANCIAL VIABILITY FINANCING REQUIREMENTS FISCAL DISCIPLINE FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTORS GLOBAL MARKETS GOOD GOVERNANCE GOVERNMENT AUTHORITIES GOVERNMENT BORROWING GOVERNMENT CAPACITY GOVERNMENT GRANTS GOVERNMENT GUARANTEES GOVERNMENT POLICIES GOVERNMENT REVENUES GOVERNMENT SUBSIDIES GOVERNMENT SUPPORT HOLDING HOLDING COMPANY HOLDINGS INCOME INCOME TAX INFLATION INFORMATION FLOWS INFRASTRUCTURE CONCESSION INFRASTRUCTURE CONTRACTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INFRASTRUCTURE REQUIREMENTS INSTITUTION BUILDING INSTITUTIONAL CAPACITY INSURANCE INTERNATIONAL COMPETITIVE BIDDING INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTMENT INVESTMENT CONTRACT INVESTMENT FUND INVESTMENT OPPORTUNITY INVESTMENT VALUE INVESTOR CONFIDENCE INVESTOR INTEREST ISSUANCE JOINT VENTURE JURISDICTION LEASE CONTRACTS LEGAL INSTRUMENT LEGAL INSTRUMENTS LEGAL PROVISIONS LEVEL OF DEMAND LINE OF CREDIT LOCAL INVESTORS LOCAL ROADS LOW-INCOME COUNTRY MARKET CONDITIONS MARKET INFORMATION MARKET REFORMS MARKET RISK MIDDLE-INCOME COUNTRIES MODEL CONTRACT MONETARY FUND NATURAL RESOURCE NATURAL RESOURCES O&M OPEN ACCESS OUTPUT OUTSOURCING PARTICULAR COUNTRY PERFORMANCE INDICATORS PITS POLITICAL ECONOMY POLITICAL REGIMES POLITICAL RISK POTENTIAL INVESTOR POTENTIAL INVESTORS POWER PRESENT VALUE PRESENT VALUE CALCULATION PRIVATE INFRASTRUCTURE PRIVATE INVESTORS PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PUBLIC FUNDING PUBLIC INVESTMENT PUBLIC RELATIONS PUBLIC ROAD PUBLIC SECTOR INVESTMENT PUBLIC TRANSPORTATION PUBLIC UTILITIES PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RAIL RAIL COMPANY RAIL LINE RAIL NETWORKS RAILROADS RAPID ECONOMIC GROWTH REGIONAL INFRASTRUCTURE REGULATOR REGULATORY AUTHORITIES REGULATORY CAPACITY REGULATORY CONDITIONS REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINVESTMENT RENTAL FEES RESERVE RESERVES RESETTLEMENT RETURN RETURNS RIGHT-OF-WAY ROAD ROAD MAINTENANCE ROADS SANITATION SETTLEMENT SHAREHOLDERS SOCIAL ISSUES SOCIAL RISKS STREET LIGHTING SUSTAINABLE DEVELOPMENT TENDER PROCESS TENDERS TOLL TOLL ROAD TRACK RECORD TRANCHES TRANSACTION TRANSPARENCY TRANSPARENCY INITIATIVE TRANSPORT TRANSPORTATION TRANSPORTATION SYSTEM TRUST FUND UNDERGROUND VEHICLE WORKING CAPITAL 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. 2014-05-13T21:06:42Z 2014-05-13T21:06:42Z 2011-09 http://documents.worldbank.org/curated/en/2011/09/15476393/mineral-resource-tenders-mining-infrastructure-projects-guiding-principles http://hdl.handle.net/10986/18292 English en_US Extractive industries and development series;no. 22 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research