Over the past decade at least, “resource nationalism” has been a hotly debated concept for those in the oil, gas and mining industries, government decision-makers and media who cover the space.
Plans to overhaul how mineral and gemstone rights are issued are an opportunity to promote good governance and boost investment in Myanmar. But political will is needed to ensure success.
Not enough is known about how supreme audit institutions and the Extractive Industries Transparency Initiative can bolster each other’s important and complementary work.
NRGI set out to collect total oil, gas and mining revenue data for the countries included in the Resource Governance Index to find out how many dollars flow to governments that mismanage the handling of their natural resources.
NRGI is publishing case studies on South Africa, Tanzania and Zambia that describe alternative legal and institutional mechanisms that these countries have put in place to control the price of mineral exports, operational and capital expenditures, and the cost of debt.
NRGI’s blog—which showcases the breadth of expertise of a global team and delves into the most pressing issues in resource governance—received thousands of unique visits this year.
After enjoying one of the greatest mining booms in its history, Zambia is now suffering. The price of copper—a metal on which much of the country depends—has fallen by half in the last five years. The government is now faced with several tax-related challenges.
In the last decade, governments of resource-rich countries like Zambia, Guinea and Mongolia have struggled to tax their extractive industries more effectively.