FISCAL POLICIES FOR MINING (GOLD) IN THE PACIFIC ISLANDS

Glenn Jenkins () and G.P. Shukla

No 1990-03, Development Discussion Papers from JDI Executive Programs

Abstract: This report develops a model to evaluate and formulate policy measures for the mineral (gold) sector and examines some issues which may be significant from the perspective of the government decision makers in resource rich developing countries. An appraisal methodology is outlined for financial, economic and social analysis of a mining project and detailed guidelines are presented for applying it. Techniques for computing some important parameters are also laid down. For the sake of illustration, the methodology is then applied to data for the ‘Misima’ mine in Papua New Guinea. An examination is carried out of the impact of royalties on high grading, the significance of particular debt-equity ratios from the points of view of both the firm’s earnings and the government revenue and the effects of domestic and world inflation rates.

Keywords: gold-mining; fiscal policies; Pacific Islands (search for similar items in EconPapers)
JEL-codes: H25 (search for similar items in EconPapers)
Pages: 161 pages
Date: 1990-03
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Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:84

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