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11. Scoping Study on Extractive Sector State Owned Enterprise Disclosures in Mongolia

Author:
Dorjdari Namkhaijantsan
Publication Date:
10-2024
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
Mongolia’s state-owned mining enterprises are crucial to the economy but face transparency and governance issues. This scoping study examines the need for improved disclosures and stronger accountability in the sector. This report presents the scoping study on the disclosures of Mongolia’s state-owned mining enterprises, conducted by the Natural Resource Governance Institute (NRGI). The study was supported and funded by the Extractive Industries Transparency Initiative (EITI) International Secretariat and the European Bank for Reconstruction and Development (EBRD).
Topic:
Corruption, Governance, Economy, Accountability, Mining, Transparency, Contracts, and State-Owned Enterprises
Political Geography:
Mongolia and Asia

12. Behind the Schemes: Anticorruption Gaps in Mining Sector Certifications

Author:
Susannah Fitzgerald, Robert Pitman, Matthieu Salomon, and Phesheya Nxumalo
Publication Date:
11-2024
Content Type:
Special Report
Institution:
Natural Resource Governance Institute
Abstract:
Decisionmakers are increasingly looking to certification schemes to provide information on the sustainability of mining operations, yet these schemes have significant room for improvement regarding how they address corruption in their standards. The report assesses the content of the performance standards used by the Aluminium Stewardship Initiative (ASI), the International Council on Mining and Metals (ICMM), the Initiative for Responsible Mining Assurance (IRMA), The Copper Mark, and Towards Sustainable Mining (TSM). Schemes address some topics, such as revenue and payments and anticorruption procedures, relatively well; this may reflect the extent to which legislation and regulations address these topics. Schemes’ standards less frequently covered other issues, such as beneficial ownership and allegations of corruption. Many schemes, and the mining companies that use them, are missing an opportunity to assess the implementation of corporate-level anticorruption policies in mine-site assessments. The quality of certification schemes’ governance and assurance processes is essential to their effectiveness, yet many fall short of best practice. This undermines their credibility. Key governance challenges include the unbalanced representation of different interests within schemes and the risk of conflicts of interest in the auditing process. Decisionmakers risk becoming overreliant on certification schemes as indicators of responsible business conduct, which may be facilitated in part by industry influence over policymaking processes. Certification schemes are not a replacement for ongoing, robust due diligence into the environmental, social, and governance impacts of mining operations, including corruption, and the design and enforcement of robust regulatory frameworks. In a shifting standards landscape where there are efforts to both consolidate and review existing certification schemes, and a moment where the risk of corruption is heightened by growing demand for transition minerals, governments, mining companies, and certification schemes themselves must do more to address the topic of corruption. To do so effectively, they should focus their attention on solutions that will have the most impact in addressing this issue.
Topic:
Corruption, Environment, Governance, Accountability, Mining, Transparency, and Minerals
Political Geography:
Global Focus

13. The State, Corporations, or the People: Who Benefits from Mining in Zambia?

Author:
Léonce Ndikumana, Dale Mudenda, and Bilen Gurara
Publication Date:
06-2024
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
The expectations that Zambia’s vast endowment in mineral resources would drive economic transformation and propel the country to higher levels of living standards remain elusive. The country is still confronted with chronic macroeconomic trade and fiscal imbalances, a heavy debt burden, shortage of foreign exchange reserves with attendant pressures on the value of the national currency. The contribution of mineral exploitation to employment, government revenue, foreign exchange earnings, economic growth and poverty reduction remains suboptimal. Yet, the sector continues to attract substantial attention from foreign investors and remains dominated by foreign corporations. So, if the people of Zambia are not reaping adequate benefits from mineral resource exploitation, then who is capturing the rents? This paper provides a review of the history, industrial organization and management of the mining sector, and explores the factors that have constrained the performance of the sector with an emphasis on the role of the ownership structure, the fiscal regime, exposure to external shocks, and lack of transformational orientation of the sector. The paper draws some policy suggestions for the improvement of the performance of the mining sector going forward.
Topic:
Economics, Natural Resources, Mining, and Corporatism
Political Geography:
Africa and Zambia

14. Scramble for Green Technologies: Strategies of Major Players and Serbia’s Opportunities

Author:
Mikhail Korostikov
Publication Date:
09-2024
Content Type:
Commentary and Analysis
Institution:
Belgrade Centre for Security Policy (BCSP)
Abstract:
The struggle between the EU, the US and China for dominance in new technological niche markets has the potential to become the most important story of the next two to three decades, potentially overshadowing any ongoing military conflicts in the world. It is taking place on several fronts at once: artificial intelligence, new principles of industrial production (such as the use of robots or additive technologies), space exploration, and much more. This report explores the political and economic confrontation between the three sides regarding the green technology industry and draws certain conclusions regarding the implications of this confrontation for Serbia. The role of Serbia’s reserves of lithium and other minerals important for the latest high-tech industries could affect the country’s standing in the world in general, and its importance to the EU in particular. However, it is critical to ensure that Serbia maximises the opportunities associated with the exploitation of lithium and concentrates the maximum number of links in the value chain associated with the extraction, processing and utilisation of the valuable resource. It is equally important that the lithium mining process be carried out in accordance with the best environmental standards and, first and foremost, with the support of the environmental authorities of the European Union, potentially being the final beneficiaries of the project.
Topic:
Markets, European Union, Green Technology, Mining, Lithium, and Green Transition
Political Geography:
China, Eastern Europe, Serbia, and United States of America