IMM Transactions/AusIMM Proceedings

Abstract :-

Many developing countries are reforming their mining legislation to attract private foreign investment. The effectiveness of this legislation depends on its proper implementation by the regulatory and administrative regime; mineral title management is considered the cornerstone of this implementation.

An analysis of the main criteria to which mining companies refer in making investment decisions reveals that a significant proportion - including security of tenure, regarded as the most important apart from geological potential - reflect perceptions of a country's administrative procedures and government agency functions. An attempt is made to identify the key features of a mineral title management system and to show how in an effective system these features can be made to match the investors' criteria, thus helping to attract foreign mining investment.