Showing papers in "Resources Policy in 1998"

TL;DR: An overview of Ghana's mineral industry is presented in this article, which covers mineral resources, production and reserves; mining investments; the role of mining in the economy; and the structure of the industry.

TL;DR: In this paper, the Weibull test of cyclical duration is applied to the discovered cycles, and the structural time series method is employed to confirm further the statistical significance of the cycles, not only over the total period beginning 1960 but also over appropriate sub-periods.

TL;DR: Sectoral analysis, a new branch of political science, alleges that mineral extraction creates a socio-political climate that promotes inflexible statism, which in turn leads to substandard development performance as discussed by the authors.

TL;DR: In this paper, a system view of industrial activity in which the major raw materials and energy flows are traced through the five US metals sectors is presented for the years 1990-2020.

TL;DR: In this article, the authors discuss trends in mining laws and provide data on current tax systems in 25 tax jurisdictions and conclude that the effect of recent changes has been to reduce barriers to entry and lower risk.

TL;DR: In this paper, the relation of resource rent to depletion cost is discussed and several methods for calculating the depletion cost of natural resource stocks have been proposed and used, including net price, El-Serafy's depletion cost, sustainability price, transaction value and replacement cost.

TL;DR: In this article, the authors identify a number of approaches to mineral taxation which might be utilized by indigenous groups and which acknowledge the specific constraints and circumstances they face while at the same time recognizing their need to attract and maintain investment on their traditional lands.

TL;DR: In this paper, the authors show that the exploitation of mineral wealth can amplify the problems of transition economies in three basic ways: the rebound of the real exchange rate that characterises a successful transition may be augmented by the capital inflow required to expand mineral production, which can cause both recession in the short run and lower growth in the medium-term.

TL;DR: The Asia region contains considerable minerals potential and exploration investment in the mineral sector has been on the rise as mentioned in this paper and many Asian countries have recently enacted new mining codes and fiscal systems, or are in the process of doing so, in order to attract foreign investment into the mineral sectors.

TL;DR: In this article, the authors used concepts and methods from option pricing theory to evaluate exploration for deposits of non-renewable resources, where exploration licensing is valued as a compound option, i.e., as a call option on an option to develop, with price as the uncertain variable.

TL;DR: In this article, the authors present a new minerals and metals policy that aims to promote a prosperous and competitive mining industry that operates on a sustainable basis, including non-renewable resources.

TL;DR: In this article, the authors examined the impacts of the U.S. Federal Regulatory Commission's Order 636 on the transportation sector of the natural gas industry and found that median revenues attributable to the transport sector have declined since the implementation of the order. But, although decreased costs of transportation have at least partially been passed on to consumers, local distribution companies have not significantly altered their business practices when dealing with customers.

TL;DR: In this paper, the major risks that the mining industry faces as it works in the CARs arise primarily from the fact that the nations are transitional economies which lack both a comprehensive legal framework and experience in dealing with foreign mining corporations and their practices.

TL;DR: In this article, the authors provide an overview of some of the major issues addressed in new and proposed mining legislation in Asia, including the role of contracts, government equity ownership, taxation and tax incentives, encouragement of rapid development of project resources, environmental protection, and the involvement of local communities in project planning.

TL;DR: In this article, the authors provide a brief overview of decision and preference analysis concepts and demonstrate an application of these techniques to the project-valuation problem faced by resource managers, and explore how the firm's optimal share changes with exogeneous changes in project parameters.

TL;DR: In this paper, the role of exploration as an uncertainty-reducing activity for a company facing resource taxation is analyzed both in the context of a log-normally distributed resource deposit and of an ad valorem royalty and the relationship between exploration and resource taxation in situations of very divergent pre-exploration levels of uncertainty is considered.

TL;DR: The authors examined the influence that Japanese general trading companies, known in Japan as sogo shosha, have on contract bargaining outcomes between buyers and sellers in the trade between the exporters of Australia, and Japan, the world's largest importer of metallurgical coal.

TL;DR: The authors examines the application of the theory made by Bowen and Gooday (1993) which shows a roughly equal distribution of the surplus from the trade in the period 1980-1990, and shows that major assumptions with respect to exogenously determined upper and lower prices within which bargaining between the parties occurs cannot be sustained.

TL;DR: In this article, the authors report that the investment codes are generally unclear and often contradictory, legal advice is difficult to obtain and administrative and judicial support of the law is rudimentary in the CAR nations.

TL;DR: The authors argue that an r-percent rule holds implicitly in engineers' choices which maximize the value of mineral deposits, and they take a simple perspective on mining investment to argue that mining investment is driven by engineers' decisions about the path of production.

TL;DR: In this paper, the authors identify the major problems associated with the coal industry restructuring process and propose ways in which these problems may be addressed in the process of economic reform, which is a major part of the Ukrainian economy.

TL;DR: In this paper, the authors apply a property rights framework to federal mineral lands in the western United States from the enactment of the Mining Law in 1872 until the enactment for fossil fuels in 1920.

TL;DR: In this paper, the authors present a research agenda regarding the future study of land use in the context of mining development and the design of institutions for the regulation of mining, focusing on two interrelated questions: when an appropriate authority makes preserved public land available for mining, and on what fraction of all public lands should this authority permit mining operations to take place.