At the formal launch of the ResourceContracts.mn contracts portal on 22 April, Mongolia’s deputy minister of mines and heavy industry reaffirmed the country’s commitment to publishing mining and petroleum contracts and announced the public release of over 150 new contracts. After several years of stuttering progress on contract transparency in Mongolia, this is welcome news.
There is growing momentum to define the core objectives and principles of local level agreements in Mongolia. But the national government itself must do a better job of facilitating a national dialogue.
In Mongolia, resource companies are encouraged to use local level agreements (LLAs), and though the quality and uptake of these agreements is not consistent, the country's experience provides important lessons for any resource-rich country that seeks to improve agreement-making in communities.
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.