Sharing Mining Benefits in Developing Countries

This publication examines the role of foundations, trusts, and funds (FTFs) in delivering benefits derived from mining projects in the developing world. Chapter two addresses the necessity of sharing benefits from mining projects and identifies the situations under which a dedicated instrument such as an FTF can support that process. Chapter three reveals both the diversity and similarities of FTFs by reviewing six key attributes: their programming approach; their financing structure; their geographic focus; the extent of community participation in governance; the influence of the mining company on FTF operations; and the influence of the government on the FTF. Chapter four identifies key conditions for success and areas of leading practice based on experience with mining FTFs globally and drawing on specific cases in Namibia, Papua New Guinea, Peru, and South Africa.

Bibliographic Details

Main Authors:	Wall, Elizabeth, Pelon, Remi
Language:	English en_US
Published:	World Bank, Washington, DC 2011-06
Subjects:	MINING, ACCOUNTABILITY, ADMINISTRATIVE RESPONSIBILITIES, ARTICLES OF INCORPORATION, BASIC INFRASTRUCTURE, BENCHMARK, BENEFICIARY PARTICIPATION, BOARD MEMBERSHIP, BONDS, CAPACITY BUILDING, CASH PAYMENTS, CENTRAL GOVERNMENT, CHARTER, COMMON LAW, COMMUNES, COMMUNITIES, COMMUNITY DEVELOPMENT, COMMUNITY DEVELOPMENT PROJECTS, COMMUNITY INVESTMENT, COMMUNITY MEMBERS, COMMUNITY OWNERSHIP, COMMUNITY PARTICIPATION, COMMUNITY PROJECTS, COMPANY, COMPENSATION PAYMENTS, CONSENSUS, CONSULTATION, CORPORATE RESPONSIBILITY, CORPORATE SOCIAL RESPONSIBILITY, CORPORATION, CORRUPTION, DAMAGES, DECENTRALIZATION, DECENTRALIZATION PROCESS, DECISION MAKING, DECISION-MAKING, DECISION-MAKING PROCESS, DECREE, DESCRIPTION, DEVELOPMENT AGENCIES, DEVELOPMENT AGENCY, DEVELOPMENT PROJECTS, DISTRICTS, DIVIDENDS, DUTY OF CARE, ECONOMIC DEVELOPMENT, ESTATE, EXECUTION, EXPENDITURE, FINANCIAL ASSISTANCE, FINANCIAL BENEFITS, FINANCIAL CONTRIBUTION, FINANCIAL CONTRIBUTIONS, FINANCIAL MANAGEMENT, FINANCIAL SUPPORT, FISCAL REVENUES, FOREIGN INVESTMENT, FUNDING MECHANISMS, GDP, GOVERNANCE ARRANGEMENTS, GOVERNMENT AGENCIES, GOVERNMENT AUTHORITIES, GOVERNMENT FUNDING, GOVERNMENT INSTITUTIONS, GOVERNMENT REGULATION, GOVERNMENT REPRESENTATIVES, GOVERNMENT SERVICES, GROSS DOMESTIC PRODUCT, HOUSING, INCORPORATED, INDIGENOUS GROUPS, INDIGENOUS PEOPLES, INTEGRATED DEVELOPMENT, INTERESTED PARTIES, JOINT VENTURE, LEGAL ENTITIES, LEGAL PROVISIONS, LEGAL STRUCTURE, LEGISLATION, LEVELS OF GOVERNMENT, LIMITED, LOCAL AUTHORITIES, LOCAL BUSINESS, LOCAL CAPACITY, LOCAL COMMUNITIES, LOCAL GOVERNMENT, LOCAL GOVERNMENT AUTHORITIES, LOCAL GOVERNMENTS, LOCAL NONGOVERNMENTAL ORGANIZATIONS, LOCAL ORGANIZATIONS, LOCAL PROCUREMENT, LTD., MEMBER BOARD, MINING CORPORATIONS, MUNICIPALITIES, MUNICIPALITY, NATIONAL ECONOMY, NATIONS, NATURAL RESOURCES, NEEDS ASSESSMENT, NONGOVERNMENTAL ORGANIZATIONS, OVERHEAD COSTS, PARTNERSHIP, POLITICAL CRISIS, POLITICAL SUPPORT, POLITICIANS, PUBLIC AGENCY, REGIONAL DEVELOPMENT, REHABILITATION, REPRESENTATIVES, RESETTLEMENT, ROYALTY, SHAREHOLDERS, SOCIAL ASSESSMENT, SOCIAL OBLIGATIONS, SOCIAL PROGRAMS, SOCIAL TRUST, SOCIETY, SPONSORSHIP, STAKEHOLDER, STAKEHOLDERS, STATE-OWNED COMPANIES, SUBSIDIZED HOUSING, TAX INCENTIVES, TAX PAYMENTS, TAX STATUS, TAXATION, TRANSPARENCY, TRANSPARENT MECHANISMS, TRUSTS, UNIVERSITIES, VARIABLE COSTS, VILLAGES, WAGES, WEALTH, YOUTH,
Online Access:	http://documents.worldbank.org/curated/en/2011/06/14357540/sharing-mining-benefits-developing-countries https://hdl.handle.net/10986/18290
Tags:	Add Tag No Tags, Be the first to tag this record!