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Government Ownership Versus Regulation of Mining Enterprises in Less‐developed Countries

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  • ROD SIMS

Abstract

Less‐developed government equity in mining projects has become increasingly popular, both in academic literature and in practice. Despite this, it has received surprisingly little scrutiny: this paper analyses the reasons for LDC governments taking equity in mineral projects and discusses whether equity is the most appropriate means of achieving these objectives. It concludes that equity has few unique advantages over taxation and other government powers of regulation in achieving the diverse objectives of government. It further concludes that the advantage to a government of equity participation will probably increase with the degree of development of the economy.

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  • Rod Sims, 1985. "Government Ownership Versus Regulation of Mining Enterprises in Less‐developed Countries," Natural Resources Forum, Blackwell Publishing, vol. 9(4), pages 265-282, November.
    • Handle: RePEc:wly:natres:v:9:y:1985:i:4:p:265-282
    DOI: 10.1111/j.1477-8947.1985.tb01071.x
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    References listed on IDEAS

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    1. Garnaut, Ross & Clunies-Ross, Anthony, 1983. "Taxation of Mineral Rents," OUP Catalogue, Oxford University Press, number 9780198284543.
    2. Thomas Wälde, 1983. "Permanent Sovereignty over Natural Resources Recent Developments in the Mineral Sector," Natural Resources Forum, Blackwell Publishing, vol. 7(3), pages 239-251, July.
    3. Patrick Viterbo & Henri‐Edme Wallard, 1984. "Crisis in the Commodities Market Are the LDCs to Blame?," Natural Resources Forum, Blackwell Publishing, vol. 8(4), pages 307-313, October.
    4. Hasan S. Zakariya, 1984. "The World Bank and Petroleum Development in the Third World," Natural Resources Forum, Blackwell Publishing, vol. 8(1), pages 5-23, January.
    5. M. Desmond Fitzgerald & Gerald Pollio, 1984. "Financing the Next Generation of Copper Projects," Natural Resources Forum, Blackwell Publishing, vol. 8(4), pages 371-374, October.
    6. Raymond F. Mikesell, 1984. "The Selebi‐Phikwe Nickel/Copper Mine in Botswana," Natural Resources Forum, Blackwell Publishing, vol. 8(3), pages 279-290, July.
    7. Charles J. Johnson, 1981. "Minerals Objectives, Policies And Strategies In Botswana — Analysis And Lessons," Natural Resources Forum, Blackwell Publishing, vol. 5(4), pages 347-367, October.
    8. Carlos Fortin, 1984. "Copper Investment Policy in Chile 1973–1984," Natural Resources Forum, Blackwell Publishing, vol. 8(4), pages 315-325, October.
    9. Christopher Stobart, 1984. "The Effect of Government Involvement on the Economics of the Base Metals Industry," Natural Resources Forum, Blackwell Publishing, vol. 8(3), pages 259-266, July.
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