Three rules to build a resources economy (MiningNewsPremium.net)
- By: John P Sykes
Posted in: Blog, Mineral Economics, Mining
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This week I will be assisting Allan Trench, teaching on the International Mining for Development Centre (IM4DC) Mineral Economics and Policy course. An important topic, no doubt. As part of this we’ve started gathering some ideas on content. We published a short article on the “Three rules to build a resources economy” in Allan’s Strictly Boardroom column on MiningNewsPremium.net. Briefly the three rules that we think are worth bearing in mind when it comes to mining driven economic growth in developing countries are:
- Remember that a small minority of deposits hold most of the economic value for the mining industry – focus on world class assets.
- Great assets and good minerals policy is better than great policy and good assets – focus on world class assets (again).
- Good mineral policy should be equitable and competitive. To redistribute economic rents, you have to also attract them.
The full article is available on MiningNewsPremium.net for premium subscribers.