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.
Under the new tax system, mining companies that extract metallic or non-metallic minerals are now subject to a 4 percent excise tax on the value of their production—double the previous rate. This excise tax is equivalent to what most countries would label a “royalty” on mineral production. What does this 100 percent increase mean for the sector?
Earlier this month I visited Davao, Philippines, to help lead a workshop on using Excel-based fiscal models to forecast potential revenues from mining projects. “Charting the Future” was its punny, ambitious title.
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.
We know how critical the natural resource sector can be for a country’s development. However, only about 10% of OGP commitments relate to natural resources. The drafting of new national action plans (NAPs) by June offers a unique opportunity to increase commitment to good governance of the oil, gas, mining and forestry industries. The OGP Openness in Natural Resources Working Group (ONRWG) has come up with three priorities...
The evidence is mounting: contract transparency in extractive industries is becoming the norm. This was clear during two contract-focused events at the recent EITI conference—an informal learning and sharing side event and an official conference panel event.