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Creating a Positive International Mining Investment Climate

James M. Otto, Mining Law & Investment in Latin America (2003)

The 1990s saw a shift in exploration and mining investment by multinational mining companies into regions that were previously closed or considered as too risky. This came about as result of a ready pool of venture capital and nations changing their mineral policies, mining laws, and fiscal systems in order to achieve better efficiency and to attract investment. However, since 1999, many companies have pulled out of or reduced their efforts in nations where mineral sector reform was completed or well-advanced. This paper briefly examines factors that have influenced this pullback, and looks afresh at what it takes for nations to attract mineral investment.