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Legal Aspects Of Mining Development In Developing Countries

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  • PIERRE CH. A. LEGOUX

Abstract

This article discusses the legal criteria of a mining investment decision ‐ the legal status of investments, fiscal regime and mining legislation. The importance of the security of tenure of mining titles and of the stability of the terms and conditions, as stated from the inception, is emphasized, and the concepts of state sovereignty, state ownership of mineral deposits and state participation in mining ventures are considered. The preference for legalistic solutions rather than ad hoc contracts is stated, and a brief review of the various types of mining agreements is given. Cet article analyse les critères juridiques de la decision concernant l'investissement minier: statut juridique des investissements, régime fiscal et legislation minière. L'importance de la sécurité de la concession minière et la garantie des clauses de contrats est mise en evidence. L'article considère également les concepts de souveraíneté de l'Etat, la propriété étatique des dépôts minéraux et la participation de l'Etat dans la recherche minérale. L'auteur indique sa préférence pour des solutions juridiques plutôt que des contrats particuliers et passe brièvement en revue les différents types d'accords miniers. Este artículo analiza los criterios legates empleados en la toma de decisiones sobre inversión minera: estado legal de la inversión, régimen fiscal y legislación minera. Se da énfasis a la importancia de la seguridad de posesión de los títulos mineros, la estabilidad de las condiciones iniciales de contrato y se consideran también los conceptos de soveranía del estado, propiedad estatal de los depósitos mineros y la participación del estado en la actividad minera. Se indica la preferencia por las soluciones a través de leyes en vez de contratos ad hoc y se revisan brevemente varios tipos de acuerdos mineros.

Suggested Citation

  • 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.
    • Handle: RePEc:wly:natres:v:5:y:1981:i:2:p:167-179
    DOI: 10.1111/j.1477-8947.1981.tb00451.x
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    1. Thomas W. Waelde, 1977. "Lifting The Veil From Transnational Mineral Contracts: A Review Of Recent Literature," Natural Resources Forum, Blackwell Publishing, vol. 1(3), pages 277-284, April.
    2. Stephen A. Zorn, 1977. "New Developments In Third World Mining Agreements," Natural Resources Forum, Blackwell Publishing, vol. 1(3), pages 239-250, April.
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