Mineral Development Agreements: Variations from the Statutes

Grantley W. Walrond and Raj Kumar

Chapter 5 in Options for Developing Countries in Mining Development, 1986, pp 87-110 from Palgrave Macmillan

Abstract: Abstract Despite the presence of elaborate financial and mining codes, contemporary mineral developments in less developed countries are effected by means of another instrument — the Mineral Development Agreement. All of the less developed countries in the study sample have concluded agreements with various mining companies to search for, exploit and market minerals found in their national borders. A mining agreement between the government and a multinational is a complex document which sets forth in detail the rights and obligations of the parties in the course of the various stages of the project. The legal basis for negotiation of the agreement is the mining code and other legislation relating to taxation, foreign exchange controls and imports, but government negotiators are usually given some freedom in negotiating provisions of the agreements to suit the prevailing circumstances.

Keywords: Host Country; Exploration Programme; Mineral Development; Local Participation; Statutory Provision (search for similar items in EconPapers)
Date: 1986
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18101-8_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349181018

DOI: 10.1007/978-1-349-18101-8_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().