Overview of State Ownership in the Global Minerals Industry : Long Term Trends and Future
This study builds on a previous study from the raw materials group, a Sweden-based minerals consultancy, originally commissioned by the World Bank in 2008. The trend toward more state engagement in the mining industry as noted in the 2008 study has...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2011/05/18550919/overview-state-ownership-global-minerals-industry http://hdl.handle.net/10986/16968 |
| Summary: | This study builds on a previous study
from the raw materials group, a Sweden-based minerals
consultancy, originally commissioned by the World Bank in
2008. The trend toward more state engagement in the mining
industry as noted in the 2008 study has continued, based on
more recent developments. This study includes an expanded
section on the new forms of state control which are found in
Africa and also in Russia, China, India, and other emerging
economies. It lays out the possible political implications
of these trends and draws lessons from previous periods of
increasing state ownership, including how to avoid previous
mistakes. Various metals and the history of nationalization
in a number of countries are analyzed as are the possible
factors influencing the decision to nationalize, such as the
sector's strategic importance and the need to control
it. China's role in investing in Africa is discussed
noting the issues concerning negotiation strategies, looking
at the history of deals made in Sub-Saharan Africa. State
ownership is defined in detail in appendix one of this
document. A consolidated list of state ownership in mining
of selected minerals and mineral refining on which the study
is based is presented in appendix two. |
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