Harnessing the bonanza: economic liberalization and capacity building in the mineral sector

摘要: Over the past decade many developing and transition economies have liberalized their investment regimes for mining privatized formerly state-owned mineral assets. In response, these witnessed increased foreign in exploration development, growth number diversity of projects, opening up new channels harnessing economic social benefits from development minerals sector. The restructuring fiscal regulatory to encourage investment, associated influx capital, technology skills, is transforming traditional relationships between firms, local communities government. This transformation necessitates a re-evaluation most effective policy approaches capture production. article considers mechanisms improving capacity countries maximize Common challenges with are reviewed. Consideration given opportunities direct possibilities creating partnerships communities, industry, government, multilateral agencies through projects. concludes series recommendations design implementation towards production benefit following liberalization mining.