Political parties can help ensure that their country gets the best deal for the extraction of its resources, manages revenues for the long-term best interests of citizens and avoids the resource curse.
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.
In a report, Rio Tinto was accused of “illegitimately lowering” its withholding taxes paid to the government of Mongolia in relation to the Oyu Tolgoi copper mine. Rio allegedly did this by using a double tax agreement between Mongolia and the Netherlands, in addition to which it negotiated an even lower rate of withholding tax in its amended mining agreement in 2011. This piece reviews Rio’s tax arrangements.
On the sidelines of Advancing Accountable Resource Governance in Asia Pacific, Grice spoke with NRGI about a formative early work experience in Papua New Guinea as a sustainable development group manager with Newcrest Mining, his more recent work and quantifying the unquantifiable.
The pilot phase of the Eurasia Extractive Industries Knowledge Hub last year featured an on-campus residential phase component of a blended learning course, bookended by an online learning module and a final assignment. Applications are now being accepted for this year's blended learning course.
Unlike in the resource-rich country in the film Black Panther, much of Africa’s mining sector is currently dominated by foreign direct investment; its raw minerals are often exported with limited local participation in the sector and tax revenues are eroded.
Villanueva is the director of the Philippine civil society organization Alternative Forum for Research in Mindanao. AFRIM focuses on natural resource management, sustainable rural development and peacebuilding.
Carole Nakhle, the founder and CEO of Crystol Energy and a new NRGI board member, spoke with NRGI before International Women’s Day about the growth of AccessWIE, “anemic” female participation in the extractives sector, and the roles NRGI can play in addressing gender inequality and women’s empowerment.