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Modes of Governance and Revenue Flows in African MiningRegulatory Framework Review and Mining Regime Reform in Mali: Degrees of Rupture and Continuity

Modes of Governance and Revenue Flows in African Mining: Regulatory Framework Review and Mining... [For several mineral-rich African countries, the 1980s marked the beginning of an important series of regulatory, institutional and economic reforms. The objective of these reforms was the stimulation of economic growth and the alleviation of poverty through the development of an extractive industry based on private and predominantly foreign investments. The soundness of these strategies, which had a profound impact on the nature of mining policies and economic development, is now being questioned and sometimes even criticized. While there is no doubt that foreign direct investment has increased and that macroeconomic indicators have improved in a number of these countries, the positive effects of the reforms in terms of social and economic development for the populations concerned are far less obvious. In this context, several initiatives were implemented in recent years to improve the mining sector’s contribution to the sustainable development of economies endowed with mineral wealth and to the living conditions of the African populations affected.1 The reforms advocated by the different initiatives focused primarily on the following: transparency in the implementation of regulatory frameworks and the distribution of monetary flows; consultations with civil society; the diversification of mineral resources; the integration of mining activities into the domestic economy; institutional capacity building; the promotion and oversight of small-scale mining; national participation, both private and public, in extractive activities; as well as an increase in the social and environmental monitoring of mineral exploration and extraction activities.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Modes of Governance and Revenue Flows in African MiningRegulatory Framework Review and Mining Regime Reform in Mali: Degrees of Rupture and Continuity

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References (12)

Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2013
ISBN
978-1-349-46675-7
Pages
47 –100
DOI
10.1057/9781137332318_3
Publisher site
See Chapter on Publisher Site

Abstract

[For several mineral-rich African countries, the 1980s marked the beginning of an important series of regulatory, institutional and economic reforms. The objective of these reforms was the stimulation of economic growth and the alleviation of poverty through the development of an extractive industry based on private and predominantly foreign investments. The soundness of these strategies, which had a profound impact on the nature of mining policies and economic development, is now being questioned and sometimes even criticized. While there is no doubt that foreign direct investment has increased and that macroeconomic indicators have improved in a number of these countries, the positive effects of the reforms in terms of social and economic development for the populations concerned are far less obvious. In this context, several initiatives were implemented in recent years to improve the mining sector’s contribution to the sustainable development of economies endowed with mineral wealth and to the living conditions of the African populations affected.1 The reforms advocated by the different initiatives focused primarily on the following: transparency in the implementation of regulatory frameworks and the distribution of monetary flows; consultations with civil society; the diversification of mineral resources; the integration of mining activities into the domestic economy; institutional capacity building; the promotion and oversight of small-scale mining; national participation, both private and public, in extractive activities; as well as an increase in the social and environmental monitoring of mineral exploration and extraction activities.]

Published: Nov 23, 2015

Keywords: Regulatory Framework; Mining Company; Mining Sector; Real Gross Domestic Product; Mining Regime

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