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Introduction

In: Options for Developing Countries in Mining Development

Author

Listed:
  • Grantley W. Walrond
  • Raj Kumar

Abstract

In a world of decreasing availability of finance generally, and of mining finance in particular, the small, less developed, nation states which pinned a large part of their developmental hopes on the exploitation of their mineral resources have been set a very difficult task of attracting and maintaining that scarce capital in a capital-intensive industry. This is because mining companies as a group have the monopoly of technology and know-how. Naturally, the act of competition among states literally creates an investor’s market where states can be played off, one against the other, while more concessions are won by the investor.

Suggested Citation

  • Grantley W. Walrond & Raj Kumar, 1986. "Introduction," Palgrave Macmillan Books, in: Options for Developing Countries in Mining Development, chapter 1, pages 1-8, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-18101-8_1
    DOI: 10.1007/978-1-349-18101-8_1
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