If member countries of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting adopt this proposal, they should exempt extractive industries so as to protect the legitimate interests of resource-exporting countries.
Indonesian mining contracts and licenses — the documents detailing the government’s agreements with companies for the exploitation of minerals — remain out of public view despite legislation and court orders that support their publication.
The Extractive Industries Transparency Initiative (EITI) has been moving toward “mainstreaming,” with implementing countries transitioning away from standalone EITI reports in favor of meeting EITI requirements via routine and publicly accessible government and company reporting.
An NRGI staff member recently spoke with Austrade about developments in the Myanmar's mining sector. Their conversation focused on Myanmar’s challenges in attracting foreign investment to generate government revenue while ensuring the sector’s environmental and social impacts are properly managed.
Alexandra Readhead, Thomas Lassourd, Jaqueline Taquiri
Tax incentives granted to mining companies are debated across the globe. A new database allows users to compare the fiscal regimes of 104 mining projects across 21 countries; it is the first large-scale, systematic attempt to compile tax incentives used by developing country governments to attract mining investment.
Extractive projects can generate substantial revenues for host countries, and discoveries often bring hopes of jobs, development and newfound wealth. But they also generate a range of negative environmental and social effects, which can have direct and significant economic implications. But fiscal impacts and environmental and social impacts are often assessed and monitored by separate regulatory bodies in separate processes, leading to an incomplete understanding of extractive sector performance.
Le rapport ITIE 2017 de la Guinée publié en mai 2019 confirme la dynamique expansionniste observée depuis 2014 dans le secteur minier en Guinée, tirée principalement par la bauxite qui a représenté 76% des revenus issus du secteur extractif en 2017.
A BBC investigation has concluded that a recent oil deal in Senegal showed signs of the potential for controversy and possible corruption. As a result, a businessman dogged by ethics questions will walk away with hundreds of millions. What can we learn from this unfortunate turn of events?