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New Developments In Third World Mining Agreements

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  • STEPHEN A. ZORN

Abstract

The long‐term trend toward mineral resource development agreements that reflect the desires of developing country governments as well as those of foreign investors is not always clear‐cut. At times, conditions in the market for a particular mineral and general financial conditions may affect the balance of bargaining power between governments and investors. Mr Zorn's analysis of two recent copper agreements, in Panama and Papua New Guinea, shows that foreign investors have been able to achieve favorable provisions for the early return of capital and for ensuring investor control over key management decisions. At the same time, the host governments have won provisions that may increase their ‘take’ from the projects in the longer term.

Suggested Citation

  • Stephen A. Zorn, 1977. "New Developments In Third World Mining Agreements," Natural Resources Forum, Blackwell Publishing, vol. 1(3), pages 239-250, April.
    • Handle: RePEc:wly:natres:v:1:y:1977:i:3:p:239-250
    DOI: 10.1111/j.1477-8947.1977.tb00063.x
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    Cited by:

    1. Pierre Ch. A. Legoux, 1981. "Legal Aspects Of Mining Development In Developing Countries," Natural Resources Forum, Blackwell Publishing, vol. 5(2), pages 167-179, April.
    2. Sidney Dell, 1978. "Natural Resources And The Centre On Transnational Corporations," Natural Resources Forum, Blackwell Publishing, vol. 2(4), pages 373-378, July.

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