Mining projects, when well-managed, offer an opportunity to transform resource wealth into sustainable development in many poor countries.
The Mining Investment and Governance Review (MInGov) analyzes the sector and its context to facilitate work on mining regulation, governance and investment.
Mining makes up a substantial part of the economies of many developing countries and has the potential to deliver significant development benefits when managed in a holistic, sustainable manner. Responsible mining can lift people out of poverty by offering economic opportunity, jobs and training. It generates tax revenues that governments can spend on services like health and education. The infrastructure built for it can be shared with local communities to supply electricity and water.
To maximize benefits to the poor, mining must be properly regulated every step of the way, from discovering minerals in the ground, to extracting them and transforming them into sustainable development. Each step, from conducting geological surveys to managing export tariffs, faces different regulatory challenges. Shortcomings in any of these stages can have severe repercussions.
Governance of the mining sector has a direct impact on investment in resource-rich countries. Investors monitor the sector’s governance in each country, and reward better performance with a lower cost of capital. Through the collection and analysis of a unique and comprehensive dataset, The Mining Investment and Governance Review (MInGov) presents an objective assessment of the mining sector of several countries. It offers actionable avenues for reform, supports transparency, and informs investment decision-making and debate among interested stakeholders.
Who is MInGov for and how does it benefit them?
The Mining Investment and Governance Review (MInGov) gives government and regional public organizations access to policy and institutional analyses that affect the sustainable development of the mining sector, including its investment climate, effectiveness of public institutions in developing and monitoring the sector, as well as the costs and benefits to stakeholders.
Investors, mining companies and other companies in the sector benefit from access to country-specific, relevant governance data, policies and practices of governments that affect investment risk and decision-making in the sector.
MInGov provides civil society organizations, local communities, academia, development partners and sector monitoring organizations concise, high-quality information on government, mining, and investor concerns and performance. They also get access to a comprehensive overview of the operating climate and the incentive structure of the sector to inform their participation in mining sector-related discussions.
MInGov stakeholders include national and sub-national governments, mining companies and other firms along the mining value chain such as suppliers and logistics firms, financial institutions, mining-affected communities and civil society organizations. Regional development organizations such as the African, Asian and Inter-American Development Banks or the African Minerals Development Centre sector monitoring organizations like the Extractive Industries Transparency Initiative, donors, academia and research groups could also benefit from this review.
MInGov is an initiative of the World Bank Group. It is funded by:
- The World Bank Group
- German Development Cooperation;
- Extractive Industries Technical Advisory Facility (EITAF); and
- The Inter-American Development Bank.
MInGov’s development is led by the World Bank with the assistance of Adam Smith International (ASI) in collaboration with the African Center for Economic Transformation (ACET), the Natural Resource Governance Institute (NRGI) and the Fraunhofer Institute.
Read more about MInGov here