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Mineral Extraction in Bangladesh: Some Fundamental Reform Suggestions

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  • Bernhard G. Gunter

    () (Bangladesh Development Research Center (BDRC))

Abstract

This paper proposes some fundamental reforms of the way the extraction of minerals are managed in Bangladesh. It suggests a Mineral Management Initiative that consists of three components: (i) the creation of Mineral Oversight Committee, (ii) the establishment of a Mineral Revenue Program, and (iii) a comprehensive Mineral Capacity Building Program. The purpose of the Mineral Oversight Committee (MOC) would be to oversee all decisions of Petrobangla’s Board of Directors as well as to monitor all major transactions of Petrobangla, including especially the use of mineral revenues and royalties. The establishment of a Mineral Revenue Program (MRP) is proposed to ensure that the revenues and royalties from the extraction of Bangladesh’s minerals will accrue to all the people of Bangladesh, while a comprehensive Mineral Capacity Building Program (MCBP) would provide specialized resource and management training.

Suggested Citation

  • Bernhard G. Gunter, 2008. "Mineral Extraction in Bangladesh: Some Fundamental Reform Suggestions," Bangladesh Development Research Working Paper Series (BDRWPS) BDRWPS No. 3, Bangladesh Development Research Center (BDRC).
  • Handle: RePEc:bnr:wpaper:3
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    File URL: http://www.bangladeshstudies.org/files/WPS_no3.pdf
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    References listed on IDEAS

    as
    1. Bose, Sudipta, 2006. "Environmental Accounting and Reporting in Fossil Fuel Sector : A Study on Bangladesh Oil, Gas and Mineral Corporation (Petrobangla)," MPRA Paper 7995, University Library of Munich, Germany.
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    Keywords

    Bangladesh; mineral extraction; natural gas; oil; management;

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