IDEAS home Printed from https://ideas.repec.org/a/spr/minecn/v37y2024i1d10.1007_s13563-024-00419-0.html
   My bibliography  Save this article

Mineral policy in MENA countries: the case of Jordan

Author

Listed:
  • Rami Al Rawashdeh

    (Al-Hussein Bin Talal University)

  • Gary Campbell

    (Michigan Technological University)

Abstract

The purpose of this study paper is to examine Jordan’s mineral development and investment policies. Mining policies that attract foreign investment must handle both traditional investor concerns and some new challenges. The paper delves deeply into issues such as a country’s geological, political, financial, regulatory, operational, fiscal, social, and environmental characteristics, as well as profit and marketing factors. After analyzing these criteria for Jordan, they were compared to the MENA region in order to provide insights into potential changes and improvements to both the MENA and Jordan mineral policies. International investors have not been drawn to Jordan’s mineral resource sector for a number of reasons, including—but not limited to—a lack of digitally available and accessible geological data, lack of access to finance exploration projects, an unfavorable legal and fiscal environment, lack of many of the best practices for transparency standards, and lack of awareness and promotion of Jordan’s mineral potential among international businesses. For Jordan to improve its standing in the world for investing in mining, it needs effective mining regulations, effective regulatory agencies, very lenient foreign investment laws, highly competitive tax system, enormous geologic potential, highly qualified personnel, exceptional local expertise and skills, modern infrastructure, and stable political and economic systems.

Suggested Citation

  • Rami Al Rawashdeh & Gary Campbell, 2024. "Mineral policy in MENA countries: the case of Jordan," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 37(1), pages 121-147, March.
    • Handle: RePEc:spr:minecn:v:37:y:2024:i:1:d:10.1007_s13563-024-00419-0
    DOI: 10.1007/s13563-024-00419-0
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s13563-024-00419-0
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s13563-024-00419-0?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jara, J. Joaquín, 2017. "Determinants of country competitiveness in attracting mining investments: An empirical analysis," Resources Policy, Elsevier, vol. 52(C), pages 65-71.
    2. Vivoda, Vlado, 2011. "Determinants of foreign direct investment in the mining sector in Asia: A comparison between China and India," Resources Policy, Elsevier, vol. 36(1), pages 49-59, March.
    3. James Otto & Craig Andrews & Fred Cawood & Michael Doggett & Pietro Guj & Frank Stermole & John Stermole & John Tilton, 2006. "Mining Royalties : A Global Study of Their Impact on Investors, Government, and Civil Society," World Bank Publications - Books, The World Bank Group, number 7105, August.
    4. Muhirwa, Fabien & Shen, Lei & Elshkaki, Ayman & Hirwa, Hubert & Umuziranenge, Gloriose & Velempini, Kgosietsile, 2023. "Linking large extractive industries to sustainable development of rural communities at mining sites in Africa: Challenges and pathways," Resources Policy, Elsevier, vol. 81(C).
    5. Eckart Woertz, 2014. "Mining strategies in the Middle East and North Africa," Third World Quarterly, Taylor & Francis Journals, vol. 35(6), pages 939-957, July.
    6. Tilton, John E., 1992. "Mineral endowment, public policy and competitiveness : A survey of issues," Resources Policy, Elsevier, vol. 18(4), pages 237-249, December.
    7. Vásquez Cordano, Arturo L. & Prialé Zevallos, Rodrigo, 2021. "Country competitiveness and investment allocation in the mining industry: A survey of the literature and new empirical evidence," Resources Policy, Elsevier, vol. 73(C).
    8. James Otto & Craig Andrews & Fred Cawood & Michael Doggett & Pietro Guj & Frank Stermole & John Stermole & John Tilton, 2006. "Mining Royalties : A Global Study of Their Impact on Investors, Government, and Civil Society, Appendixes," World Bank Publications - Books, The World Bank Group, number 7136, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Castillo, Emilio, 2021. "The impacts of profit-based royalties on early-stage mineral exploration," Resources Policy, Elsevier, vol. 73(C).
    2. Tian, Tian & Nie, Bo & Zhang, Xinran & Li, Xinqian & Hong, Xiantai, 2024. "Analyzing the socially sustainable impacts of private investments in the mining sector in rural areas," Resources Policy, Elsevier, vol. 98(C).
    3. Patrik Söderholm & Magnus Ericsson & Frida Hellman, 2024. "The perils of ranking mining countries and regions: a critical look at the annual survey of the Fraser Institute," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 37(2), pages 313-330, June.
    4. Bertrand Laporte & Céline de Quatrebarbes & Yannick Bouterige, 2019. "Rent sharing and progressivity of tax regimes in the mining sector: An analysis of 21 African gold-producing countries [Partage de la rente et progressivité des régimes fiscaux dans le secteur mini," CERDI Working papers halshs-02103047, HAL.
    5. Vining, Aidan R. & Moore, Mark A., 2017. "Potash ownership and extraction: Between a rock and a hard place in Saskatchewan," Resources Policy, Elsevier, vol. 54(C), pages 71-80.
    6. Amos James Ibrahim-Shwilima & Hideki Konishi, 2014. "The Impact of Tax Concessions on Extraction of Non-renewable Resources:An Application to Gold Mining in Tanzania," Working Papers 1403, Waseda University, Faculty of Political Science and Economics.
    7. Christopher Hajzler, 2012. "Expropriation of foreign direct investments: sectoral patterns from 1993 to 2006," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 148(1), pages 119-149, April.
    8. Celine de Quatrebarbes & Bertrand Laporte, 2015. "What do we know about the mineral resource rent sharing in Africa?," CERDI Working papers halshs-01146279, HAL.
    9. Waqar Ali Asad, Mohammad & Dimitrakopoulos, Roussos, 2012. "Optimal production scale of open pit mining operations with uncertain metal supply and long-term stockpiles," Resources Policy, Elsevier, vol. 37(1), pages 81-89.
    10. Smyth, Russell & Vespignani, Joaquin, 2023. "Australia's Critical Minerals Strategy"," MPRA Paper 122868, University Library of Munich, Germany.
    11. Afriyie, Kwadwo & Abass, Kabila, 2020. "Profiting from illegality: A discursive analysis of the chainsaw operation in rural Ghana," Forest Policy and Economics, Elsevier, vol. 115(C).
    12. Valverde-Carbonell, Jorge & Pietrobelli, Carlo & Menéndez, María de las Mercedes, 2024. "Minerals’ criticality and countries' mining competitiveness: Two faces of the same coin," Resources Policy, Elsevier, vol. 98(C).
    13. Jara, J. Joaquin & Lagos, Gustavo & Tilton, John E., 2008. "Using exploration expenditures to assess the climate for mineral investment," Resources Policy, Elsevier, vol. 33(4), pages 179-187, December.
    14. Jorge Martinez-Vazquez & François Vaillancourt (ed.), 2011. "Decentralization in Developing Countries," Books, Edward Elgar Publishing, number 14175.
    15. José Joaquín Jara & Stefano Delucchi & David Peters & Gustavo Lagos & Carlos Marquardt, 2020. "Attracting mining investments: the relationship between natural endowments and public policies," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 33(1), pages 231-243, July.
    16. Olav Lundstøl & Jan Isaksen, 2018. "Zambia’s mining windfall tax," WIDER Working Paper Series 51, World Institute for Development Economic Research (UNU-WIDER).
    17. Abdul Manaf, Nor Aziah & Mas'ud, Abdulsalam & Ishak, Zuaini & Saad, Natrah & Russell, Alex, 2016. "Towards establishing a scale for assessing the attractiveness of petroleum fiscal regimes – Evidence from Malaysia," Energy Policy, Elsevier, vol. 88(C), pages 253-261.
    18. Leonardo G. Romeo & Mohamed El Mensi, 2011. "The Difficult Road to Local Autonomy in Yemen: Decentralization Reforms between Political Rationale and Bureaucratic Resistances in a Multi-party Democracy of the Arabian Peninsula," Chapters, in: Jorge Martinez-Vazquez & François Vaillancourt (ed.), Decentralization in Developing Countries, chapter 15, Edward Elgar Publishing.
    19. Sergey D. Shatalov & Milyausha R. Pinskaya & Vitaly A. Prokaev & Kermen N. Tsagan-Mandzshieva, 2023. "The Rent Taxation Concept for Solid Minerals Extraction and Recovery," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 9-24, June.
    20. Hilson, Gavin & Sauerwein, Titus & Owen, John, 2020. "Large and artisanal scale mine development: The case for autonomous co-existence," World Development, Elsevier, vol. 130(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:minecn:v:37:y:2024:i:1:d:10.1007_s13563-024-00419-0. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.