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The Financial Regime

In: Options for Developing Countries in Mining Development

Author

Listed:
  • Grantley W. Walrond
  • Raj Kumar

Abstract

The previous section alluded to the fact that true expressions of sovereignty will only be achieved by the appropriateness of the fiscal and other measures which determine whether a deposit is commercially exploitable and the return to the investor and the State which would arise as a consequence of its exploitation. The financial regime is conceived here to mean the range of levies which the State makes on a mining enterprise, along with the accounting allowances which it provides in the computation of those levies. It also includes other non-financial instruments, like government participation, which affect the level of return to equity holders.

Suggested Citation

  • Grantley W. Walrond & Raj Kumar, 1986. "The Financial Regime," Palgrave Macmillan Books, in: Options for Developing Countries in Mining Development, chapter 3, pages 34-55, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-18101-8_3
    DOI: 10.1007/978-1-349-18101-8_3
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