Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles
Numerous recent changes in the mining industry have led governments to an increased interest in the tender process as a means of awarding mineral rights. High demand and high mineral prices driven by rapid economic growth in countries such as Brazi...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2011/09/15476393/mineral-resource-tenders-mining-infrastructure-projects-guiding-principles http://hdl.handle.net/10986/18292 |
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okr-10986-18292 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
ACCESS TO INFORMATION ACCOUNTING ADVERSE EFFECTS ALLOCATION OF RISK ANCILLARY FACILITIES ARBITRATION ASSET HOLDING ASSET SALES AUCTION AUCTIONS BENEFICIARY BID BID BOND BIDDING PROCESS BIDS BOND BONDS BRIDGE CADASTRE CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL REQUIREMENTS CAPITALIZATION CASH PAYMENT CHECKS COMMODITIES COMMODITY COMMUNICATIONS TECHNOLOGY COMPETITIVE BIDDING COMPETITIVE TENDER CONCESSIONS CONFIDENTIALITY CONFLICTS OF INTEREST CONTINGENT LIABILITIES CONTRACT AWARD CONTRACTUAL TERMS CORE BUSINESS COST OF CAPITAL DATA AVAILABILITY DEBT DEBT RELIEF DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT FINANCE DEVELOPMENT INVESTMENT DIVIDEND DRAINAGE DUE DILIGENCE ECONOMIC DEVELOPMENT EMERGING ECONOMIES ENABLING ENVIRONMENT ENERGY RESOURCES ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY EQUATOR PRINCIPLES EQUIPMENT EQUITY PARTICIPATION EXPENDITURE EXPENDITURES FINANCE CORPORATION FINANCIAL BENEFITS FINANCIAL CAPACITY FINANCIAL CLOSURE FINANCIAL EVALUATION FINANCIAL FLOWS FINANCIAL INCENTIVES FINANCIAL PROPOSALS FINANCIAL RISKS FINANCIAL VIABILITY FINANCING REQUIREMENTS FISCAL DISCIPLINE FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTORS GLOBAL MARKETS GOOD GOVERNANCE GOVERNMENT AUTHORITIES GOVERNMENT BORROWING GOVERNMENT CAPACITY GOVERNMENT GRANTS GOVERNMENT GUARANTEES GOVERNMENT POLICIES GOVERNMENT REVENUES GOVERNMENT SUBSIDIES GOVERNMENT SUPPORT HOLDING HOLDING COMPANY HOLDINGS INCOME INCOME TAX INFLATION INFORMATION FLOWS INFRASTRUCTURE CONCESSION INFRASTRUCTURE CONTRACTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INFRASTRUCTURE REQUIREMENTS INSTITUTION BUILDING INSTITUTIONAL CAPACITY INSURANCE INTERNATIONAL COMPETITIVE BIDDING INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTMENT INVESTMENT CONTRACT INVESTMENT FUND INVESTMENT OPPORTUNITY INVESTMENT VALUE INVESTOR CONFIDENCE INVESTOR INTEREST ISSUANCE JOINT VENTURE JURISDICTION LEASE CONTRACTS LEGAL INSTRUMENT LEGAL INSTRUMENTS LEGAL PROVISIONS LEVEL OF DEMAND LINE OF CREDIT LOCAL INVESTORS LOCAL ROADS LOW-INCOME COUNTRY MARKET CONDITIONS MARKET INFORMATION MARKET REFORMS MARKET RISK MIDDLE-INCOME COUNTRIES MODEL CONTRACT MONETARY FUND NATURAL RESOURCE NATURAL RESOURCES O&M OPEN ACCESS OUTPUT OUTSOURCING PARTICULAR COUNTRY PERFORMANCE INDICATORS PITS POLITICAL ECONOMY POLITICAL REGIMES POLITICAL RISK POTENTIAL INVESTOR POTENTIAL INVESTORS POWER PRESENT VALUE PRESENT VALUE CALCULATION PRIVATE INFRASTRUCTURE PRIVATE INVESTORS PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PUBLIC FUNDING PUBLIC INVESTMENT PUBLIC RELATIONS PUBLIC ROAD PUBLIC SECTOR INVESTMENT PUBLIC TRANSPORTATION PUBLIC UTILITIES PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RAIL RAIL COMPANY RAIL LINE RAIL NETWORKS RAILROADS RAPID ECONOMIC GROWTH REGIONAL INFRASTRUCTURE REGULATOR REGULATORY AUTHORITIES REGULATORY CAPACITY REGULATORY CONDITIONS REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINVESTMENT RENTAL FEES RESERVE RESERVES RESETTLEMENT RETURN RETURNS RIGHT-OF-WAY ROAD ROAD MAINTENANCE ROADS SANITATION SETTLEMENT SHAREHOLDERS SOCIAL ISSUES SOCIAL RISKS STREET LIGHTING SUSTAINABLE DEVELOPMENT TENDER PROCESS TENDERS TOLL TOLL ROAD TRACK RECORD TRANCHES TRANSACTION TRANSPARENCY TRANSPARENCY INITIATIVE TRANSPORT TRANSPORTATION TRANSPORTATION SYSTEM TRUST FUND UNDERGROUND VEHICLE WORKING CAPITAL |
| spellingShingle |
ACCESS TO INFORMATION ACCOUNTING ADVERSE EFFECTS ALLOCATION OF RISK ANCILLARY FACILITIES ARBITRATION ASSET HOLDING ASSET SALES AUCTION AUCTIONS BENEFICIARY BID BID BOND BIDDING PROCESS BIDS BOND BONDS BRIDGE CADASTRE CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL REQUIREMENTS CAPITALIZATION CASH PAYMENT CHECKS COMMODITIES COMMODITY COMMUNICATIONS TECHNOLOGY COMPETITIVE BIDDING COMPETITIVE TENDER CONCESSIONS CONFIDENTIALITY CONFLICTS OF INTEREST CONTINGENT LIABILITIES CONTRACT AWARD CONTRACTUAL TERMS CORE BUSINESS COST OF CAPITAL DATA AVAILABILITY DEBT DEBT RELIEF DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT FINANCE DEVELOPMENT INVESTMENT DIVIDEND DRAINAGE DUE DILIGENCE ECONOMIC DEVELOPMENT EMERGING ECONOMIES ENABLING ENVIRONMENT ENERGY RESOURCES ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY EQUATOR PRINCIPLES EQUIPMENT EQUITY PARTICIPATION EXPENDITURE EXPENDITURES FINANCE CORPORATION FINANCIAL BENEFITS FINANCIAL CAPACITY FINANCIAL CLOSURE FINANCIAL EVALUATION FINANCIAL FLOWS FINANCIAL INCENTIVES FINANCIAL PROPOSALS FINANCIAL RISKS FINANCIAL VIABILITY FINANCING REQUIREMENTS FISCAL DISCIPLINE FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTORS GLOBAL MARKETS GOOD GOVERNANCE GOVERNMENT AUTHORITIES GOVERNMENT BORROWING GOVERNMENT CAPACITY GOVERNMENT GRANTS GOVERNMENT GUARANTEES GOVERNMENT POLICIES GOVERNMENT REVENUES GOVERNMENT SUBSIDIES GOVERNMENT SUPPORT HOLDING HOLDING COMPANY HOLDINGS INCOME INCOME TAX INFLATION INFORMATION FLOWS INFRASTRUCTURE CONCESSION INFRASTRUCTURE CONTRACTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INFRASTRUCTURE REQUIREMENTS INSTITUTION BUILDING INSTITUTIONAL CAPACITY INSURANCE INTERNATIONAL COMPETITIVE BIDDING INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTMENT INVESTMENT CONTRACT INVESTMENT FUND INVESTMENT OPPORTUNITY INVESTMENT VALUE INVESTOR CONFIDENCE INVESTOR INTEREST ISSUANCE JOINT VENTURE JURISDICTION LEASE CONTRACTS LEGAL INSTRUMENT LEGAL INSTRUMENTS LEGAL PROVISIONS LEVEL OF DEMAND LINE OF CREDIT LOCAL INVESTORS LOCAL ROADS LOW-INCOME COUNTRY MARKET CONDITIONS MARKET INFORMATION MARKET REFORMS MARKET RISK MIDDLE-INCOME COUNTRIES MODEL CONTRACT MONETARY FUND NATURAL RESOURCE NATURAL RESOURCES O&M OPEN ACCESS OUTPUT OUTSOURCING PARTICULAR COUNTRY PERFORMANCE INDICATORS PITS POLITICAL ECONOMY POLITICAL REGIMES POLITICAL RISK POTENTIAL INVESTOR POTENTIAL INVESTORS POWER PRESENT VALUE PRESENT VALUE CALCULATION PRIVATE INFRASTRUCTURE PRIVATE INVESTORS PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PUBLIC FUNDING PUBLIC INVESTMENT PUBLIC RELATIONS PUBLIC ROAD PUBLIC SECTOR INVESTMENT PUBLIC TRANSPORTATION PUBLIC UTILITIES PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RAIL RAIL COMPANY RAIL LINE RAIL NETWORKS RAILROADS RAPID ECONOMIC GROWTH REGIONAL INFRASTRUCTURE REGULATOR REGULATORY AUTHORITIES REGULATORY CAPACITY REGULATORY CONDITIONS REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINVESTMENT RENTAL FEES RESERVE RESERVES RESETTLEMENT RETURN RETURNS RIGHT-OF-WAY ROAD ROAD MAINTENANCE ROADS SANITATION SETTLEMENT SHAREHOLDERS SOCIAL ISSUES SOCIAL RISKS STREET LIGHTING SUSTAINABLE DEVELOPMENT TENDER PROCESS TENDERS TOLL TOLL ROAD TRACK RECORD TRANCHES TRANSACTION TRANSPARENCY TRANSPARENCY INITIATIVE TRANSPORT TRANSPORTATION TRANSPORTATION SYSTEM TRUST FUND UNDERGROUND VEHICLE WORKING CAPITAL Stanley, Michael Mikhaylova, Ekaterina Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles |
| relation |
Extractive industries and development series;no. 22 |
| description |
Numerous recent changes in the mining
industry have led governments to an increased interest in
the tender process as a means of awarding mineral rights.
High demand and high mineral prices driven by rapid economic
growth in countries such as Brazil, China, and India, and
the emergence of new global companies in these countries,
have resulted in increased competition to obtain access to
mineral resources worldwide. The two parts of this paper,
the guidance/good practices and the case study, are
presented together even though they do not directly draw on
each other's conclusions. Both examine guiding
principles and good practices for governments to use in
attracting mineral investments. Although it is noted by the
authors that the Aynak tender was not a perfect process,
occurring as it did in a difficult environment with a
deficient in-country capacity and myriad investment
challenges, it is a relevant example of what is involved and
what must be considered by a government in the process and
content of a tender. The paper is expected to motivate
long-term strategic thinking among decision makers in
mineral-rich countries on ways to begin mine development
with the end in mind. Its intention is not to prescribe a
set of actions, but rather to inform possible ways of
maximizing the local content from mining projects which will
need to be adjusted in each unique case. |
| format |
Publications & Research :: Working Paper |
| author |
Stanley, Michael Mikhaylova, Ekaterina |
| author_facet |
Stanley, Michael Mikhaylova, Ekaterina |
| author_sort |
Stanley, Michael |
| title |
Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles |
| title_short |
Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles |
| title_full |
Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles |
| title_fullStr |
Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles |
| title_full_unstemmed |
Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles |
| title_sort |
mineral resource tenders and mining infrastructure projects guiding principles |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2011/09/15476393/mineral-resource-tenders-mining-infrastructure-projects-guiding-principles http://hdl.handle.net/10986/18292 |
| _version_ |
1764435775201476608 |
| spelling |
okr-10986-182922021-04-23T14:03:34Z Mineral Resource Tenders and Mining Infrastructure Projects Guiding Principles Stanley, Michael Mikhaylova, Ekaterina ACCESS TO INFORMATION ACCOUNTING ADVERSE EFFECTS ALLOCATION OF RISK ANCILLARY FACILITIES ARBITRATION ASSET HOLDING ASSET SALES AUCTION AUCTIONS BENEFICIARY BID BID BOND BIDDING PROCESS BIDS BOND BONDS BRIDGE CADASTRE CAPACITY BUILDING CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL REQUIREMENTS CAPITALIZATION CASH PAYMENT CHECKS COMMODITIES COMMODITY COMMUNICATIONS TECHNOLOGY COMPETITIVE BIDDING COMPETITIVE TENDER CONCESSIONS CONFIDENTIALITY CONFLICTS OF INTEREST CONTINGENT LIABILITIES CONTRACT AWARD CONTRACTUAL TERMS CORE BUSINESS COST OF CAPITAL DATA AVAILABILITY DEBT DEBT RELIEF DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT FINANCE DEVELOPMENT INVESTMENT DIVIDEND DRAINAGE DUE DILIGENCE ECONOMIC DEVELOPMENT EMERGING ECONOMIES ENABLING ENVIRONMENT ENERGY RESOURCES ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PERFORMANCE ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY EQUATOR PRINCIPLES EQUIPMENT EQUITY PARTICIPATION EXPENDITURE EXPENDITURES FINANCE CORPORATION FINANCIAL BENEFITS FINANCIAL CAPACITY FINANCIAL CLOSURE FINANCIAL EVALUATION FINANCIAL FLOWS FINANCIAL INCENTIVES FINANCIAL PROPOSALS FINANCIAL RISKS FINANCIAL VIABILITY FINANCING REQUIREMENTS FISCAL DISCIPLINE FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTORS GLOBAL MARKETS GOOD GOVERNANCE GOVERNMENT AUTHORITIES GOVERNMENT BORROWING GOVERNMENT CAPACITY GOVERNMENT GRANTS GOVERNMENT GUARANTEES GOVERNMENT POLICIES GOVERNMENT REVENUES GOVERNMENT SUBSIDIES GOVERNMENT SUPPORT HOLDING HOLDING COMPANY HOLDINGS INCOME INCOME TAX INFLATION INFORMATION FLOWS INFRASTRUCTURE CONCESSION INFRASTRUCTURE CONTRACTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INFRASTRUCTURE REQUIREMENTS INSTITUTION BUILDING INSTITUTIONAL CAPACITY INSURANCE INTERNATIONAL COMPETITIVE BIDDING INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL INVESTMENT INVESTMENT CONTRACT INVESTMENT FUND INVESTMENT OPPORTUNITY INVESTMENT VALUE INVESTOR CONFIDENCE INVESTOR INTEREST ISSUANCE JOINT VENTURE JURISDICTION LEASE CONTRACTS LEGAL INSTRUMENT LEGAL INSTRUMENTS LEGAL PROVISIONS LEVEL OF DEMAND LINE OF CREDIT LOCAL INVESTORS LOCAL ROADS LOW-INCOME COUNTRY MARKET CONDITIONS MARKET INFORMATION MARKET REFORMS MARKET RISK MIDDLE-INCOME COUNTRIES MODEL CONTRACT MONETARY FUND NATURAL RESOURCE NATURAL RESOURCES O&M OPEN ACCESS OUTPUT OUTSOURCING PARTICULAR COUNTRY PERFORMANCE INDICATORS PITS POLITICAL ECONOMY POLITICAL REGIMES POLITICAL RISK POTENTIAL INVESTOR POTENTIAL INVESTORS POWER PRESENT VALUE PRESENT VALUE CALCULATION PRIVATE INFRASTRUCTURE PRIVATE INVESTORS PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PUBLIC FUNDING PUBLIC INVESTMENT PUBLIC RELATIONS PUBLIC ROAD PUBLIC SECTOR INVESTMENT PUBLIC TRANSPORTATION PUBLIC UTILITIES PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RAIL RAIL COMPANY RAIL LINE RAIL NETWORKS RAILROADS RAPID ECONOMIC GROWTH REGIONAL INFRASTRUCTURE REGULATOR REGULATORY AUTHORITIES REGULATORY CAPACITY REGULATORY CONDITIONS REGULATORY FRAMEWORK REGULATORY REQUIREMENTS REINVESTMENT RENTAL FEES RESERVE RESERVES RESETTLEMENT RETURN RETURNS RIGHT-OF-WAY ROAD ROAD MAINTENANCE ROADS SANITATION SETTLEMENT SHAREHOLDERS SOCIAL ISSUES SOCIAL RISKS STREET LIGHTING SUSTAINABLE DEVELOPMENT TENDER PROCESS TENDERS TOLL TOLL ROAD TRACK RECORD TRANCHES TRANSACTION TRANSPARENCY TRANSPARENCY INITIATIVE TRANSPORT TRANSPORTATION TRANSPORTATION SYSTEM TRUST FUND UNDERGROUND VEHICLE WORKING CAPITAL Numerous recent changes in the mining industry have led governments to an increased interest in the tender process as a means of awarding mineral rights. High demand and high mineral prices driven by rapid economic growth in countries such as Brazil, China, and India, and the emergence of new global companies in these countries, have resulted in increased competition to obtain access to mineral resources worldwide. The two parts of this paper, the guidance/good practices and the case study, are presented together even though they do not directly draw on each other's conclusions. Both examine guiding principles and good practices for governments to use in attracting mineral investments. Although it is noted by the authors that the Aynak tender was not a perfect process, occurring as it did in a difficult environment with a deficient in-country capacity and myriad investment challenges, it is a relevant example of what is involved and what must be considered by a government in the process and content of a tender. The paper is expected to motivate long-term strategic thinking among decision makers in mineral-rich countries on ways to begin mine development with the end in mind. Its intention is not to prescribe a set of actions, but rather to inform possible ways of maximizing the local content from mining projects which will need to be adjusted in each unique case. 2014-05-13T21:06:42Z 2014-05-13T21:06:42Z 2011-09 http://documents.worldbank.org/curated/en/2011/09/15476393/mineral-resource-tenders-mining-infrastructure-projects-guiding-principles http://hdl.handle.net/10986/18292 English en_US Extractive industries and development series;no. 22 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research |