Rising resource nationalism is creating a wave of disputes between mining companies and governments worldwide. This article explores the challenges faced by miners, highlighting key lessons from past experiences and strategies for navigating this complex landscape.
Barrick Gold's dispute with Mali over alleged unpaid back taxes is the tip of a resource nationalism tidal wave sweeping the world that shows no sign of abating anytime soon. Disputes have exploded into the open with greater frequency, and they are by no means confined to sub-Saharan Africa. Ask Rio Tinto which had to renegotiate the terms under which it operated the Oyu Tolgoi copper mine in Mongolia.
Politician viewA common private reaction from executives is to dismiss resource nationalist politicians as economically illiterate , unhinged, or perhaps corrupt – and wait for them to ‘come to their senses'. The reality is often more nuanced: "politicians may be focused on positioning themselves for an upcoming election, for example, or navigating complex domestic or geopolitical interests.
RESOURCE NATIONALISM MINING INDUSTRY GOVERNMENT DISPUTES INTERNATIONAL ARBITRATION STRATEGIC PARTNERSHIPS
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