Mining optimism may not be fulfilled in Peru

2017 ◽  
Keyword(s):  
Climate Change ◽  
Foreign Investment ◽  
Mining Industry ◽  
Water Shortage ◽  
Mining Operations ◽  
Mining Sector ◽  
Content Type ◽  
Price Increases ◽  
Mining Investment ◽  
The Government

Subject Outlook for the mining sector. Significance Encouraged by this year’s price increases for most of Peru’s mineral exports, the government is seeking to push ahead with plans to attract much-needed foreign investment into the mining industry. This will involve politically contentious moves to deregulate some of the cumbersome procedures that affect investors. Impacts Next year’s growth target of 4% is probably over-optimistic. Social and environmental protests will add to the costs of mining investment in Peru. Once opposition has emerged to projects, it will prove difficult to reverse. Climate change will accentuate problems of water shortage for mining operations.

Cambodian mining investment need will grow

2017 ◽  
Keyword(s):  
Large Scale ◽  
Precious Metals ◽  
The Philippines ◽  
Commercial Law ◽  
Mining Operations ◽  
Mining Sector ◽  
Content Type ◽  
Mining Investment ◽  
The Government ◽  
Government Reforms

Significance The country's nascent mining sector is encountering both challenges and new opportunities as large-scale mining operations come in. Last month, four companies were granted licences to mine for minerals and precious metals in parts of Kampot, Mondulkiri, Kampong Thom and Kratie provinces. The national government considers that minerals, along with oil and natural gas, are critical for Cambodia's development. Impacts Mining concessions could be challenged by local communities when encroachment on community lands is suspected. The environment for foreign investment is likely to improve as the government reforms commercial law. A growing mining sector will need new transportation and electricity infrastructure. Corruption and state administrative capacity constraints could undermine mining sector development. Cambodia could lose out to more established ASEAN mining competitors such as Indonesia, Laos, Myanmar and the Philippines.

Mining takes on renewed importance in Ecuador

2015 ◽  
Keyword(s):  
Foreign Investment ◽  
Economic Activity ◽  
Large Scale ◽  
Mining Sector ◽  
Content Type ◽  
Public Revenue ◽  
The Government ◽  
Laws And Policies ◽  
Mine Development ◽  
Increased Activity

Subject The mining outlook in Ecuador. Significance The collapse of world oil prices has forced the government of President Rafael Correa to search for new sources of public revenue and foreign investment. The mining sector, which remains underdeveloped, has the potential to make significant contributions on both of these fronts. Reflecting the growing importance of the sector, the government has a created a Mining Ministry and appointed a mining minister. While numerous challenges continue to face the industry, it has shown signs of increased activity in the opening six months of the year. Impacts Opponents of mining development will attempt to impede medium and large-scale projects, through the courts and on the streets. Changes to water laws and policies will face opposition due to fears they may facilitate mine development and threaten water supplies. While investment in the mining sector will boost economic activity, the economy will expand more slowly than expected in 2015.

Argentine mining moves aim to boost investment

2016 ◽  
Keyword(s):  
Foreign Investment ◽  
Environmental Concerns ◽  
Short Term ◽  
Content Type ◽  
The Past ◽  
Mining Investment ◽  
Export Taxes ◽  
Near Term ◽  
Mining Projects ◽  
The Government

Subject Outlook for the mining sector. Significance The new administration has eliminated export taxes on mining, as part of its efforts to lure foreign investment to revive a stagnant economy. Mining export taxes were set at 5-10% over the past 14 years, and their removal will cost the government some 220 million dollars annually. Impacts Low global metals prices will hinder short-term efforts to boost mining investment. Environmental concerns will continue to drive hostility to mining projects. Lithium will drive mining growth in the near term.

Post-COVID Peru mining recovery will hinge on China

2020 ◽  
Keyword(s):  
Mining Industry ◽  
Amazon Rainforest ◽  
Mining Sector ◽  
Content Type ◽  
Community Resistance ◽  
The Government

Significance Badly affected by the COVID-19 lockdown, production in Peru’s mining sector is now beginning to recover as mines resume operations. The mining industry has been among those pressing the government to ease the lockdown. The prospects for copper, for which Peru is the world’s second-largest producer after Chile, will remain blighted for the time being by low world prices, although buoyant gold prices will partly compensate. Impacts Lower mining profits this year will affect the government’s tax take, compounding fiscal problems caused by COVID-19. Buoyant gold prices will further encourage environmentally harmful practices in the Amazon rainforest. The regime surrounding lockdown will reduce the salience of community resistance to mining this year.

Contentious mining reform could boost Panama's economy

2015 ◽  
Keyword(s):  
Economic Growth ◽  
Environmental Impact ◽  
Impact Assessment ◽  
Foreign Investment ◽  
Gold Mining ◽  
Medium Term ◽  
Mining Sector ◽  
Content Type ◽  
Mining Project ◽  
The Government

Subject The outlook for mining reform. Significance In June, the government of Panama announced the completion of the environmental impact assessment for the Cerro Quema gold mining project. This means that it may go ahead by the end of the year, despite uncertainty surrounding legislation in the mining sector and ongoing discussions regarding a number of potential framework reforms. Impacts New legislation could lead to renewed protests, particularly in areas with major deposits. Greater certainty in the mining sector could encourage renewed foreign investment. Mining could help diversify Panama's economy and stimulate economic growth over the medium term.

Jordanian mining push will produce limited results

2019 ◽  
Keyword(s):  
Foreign Exchange ◽  
Oil Shale ◽  
Mining Industry ◽  
Mineral Resources ◽  
Economic Conditions ◽  
The South ◽  
Mining Sector ◽  
Content Type ◽  
The Government ◽  
Initial Exploration

Subject Outlook for the mining sector. Significance In recent years, the government has begun a drive to diversify the mining sector away from its traditional focus on potash and phosphates. Initial exploration efforts have offered promising indications of the potential for mining new metallic and mineral resources, especially in the south of Jordan. Impacts Recent proposals to reduce electricity tariffs would attract more interest in the mining industry if implemented. The government may begin considering additional incentives for miners. Successful exploitation of oil shale will reduce energy imports and shore up Amman’s foreign exchange and debt position. Mining sector employment will grow, but not by enough to have a significant impact on wider discontent over socio-economic conditions.

scholarly journals Mining Industry Impact on Environmental Sustainability, Economic Growth, Social Interaction, and Public Health: An Application of Semi-Quantitative Mathematical Approach

Processes ◽  
2021 ◽  
Vol 9 (6) ◽  
pp. 972
Author(s):  
Muhammad Mohsin ◽  
Qiang Zhu ◽  
Sobia Naseem ◽  
Muddassar Sarfraz ◽  
Larisa Ivascu
Keyword(s):  
Economic Growth ◽  
Energy Source ◽  
Coal Mining ◽  
Environmental Sustainability ◽  
Mining Industry ◽  
Provincial Government ◽  
Mining Operations ◽  
Human Needs ◽  
The Government ◽  
Operational Activities

The mining industry plays a significant role in economic growth and development. Coal is a viable renewable energy source with 185.175 billion deposits in Thar, which has not been deeply explored. Although coal is an energy source and contributes to economic development, it puts pressure on environmental sustainability. The current study investigates Sindh Engro coal mining’s impact on environmental sustainability and human needs and interest. The Folchi and Phillips Environmental Sustainability Mathematics models are employed to measure environmental sustainability. The research findings demonstrated that Sindh Engro coal mining is potentially unsustainable for the environment. The toxic gases (methane, carbon dioxide, sulfur, etc.) are released during operational activities. The four significant environment spheres (atmosphere, hydrosphere, biosphere, and lithosphere) are negatively influenced by Thar coal mining. The second part of the analysis results shows that human needs and interests have a positive and significant relationship except for human health and safety with Sindh Engro coal mining. Environmental pollution can be controlled by utilizing environmentally friendly coal mining operations and technologies. Plantation and ecological normalization can protect the species, flora, and fauna of the Thar Desert. The government of Pakistan and the provincial government of Sind should strictly check the adaptation of environmental standards. Furthermore, the researchers should explore the environmental issues and solutions so that coal mining becomes a cost-efficient and environmental-friendly energy source in Pakistan.

South African government’s GBV plans may disappoint

2021 ◽  
Keyword(s):  
Civil Society ◽  
Private Sector ◽  
South African ◽  
Foreign Investment ◽  
Gender Based Violence ◽  
Content Type ◽  
Management Structure ◽  
National Strategic Plan ◽  
The Government ◽  
Gender Based

Significance Although President Cyril Ramaphosa has publicly committed to increase funding to combat what he calls South Africa’s “second pandemic”, there is a lack of transparency in how the government disburses funds linked to its National Strategic Plan (NSP) on Gender-based Violence and Femicide. Impacts Civil society groups will increase pressure on the government to make expenditure on GBV programmes more transparent. A new private-sector fund to contribute to the NSP has received strong early support, but its management structure is opaque. High levels of GBV will not only have significant humanitarian and social costs but may deter much-needed foreign investment.

Oil will drive record Guyana growth again in 2022

2021 ◽  
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
National Development ◽  
Oil Industry ◽  
Medium Term ◽  
Content Type ◽  
Development Plans ◽  
The Government ◽  
Wage Increases ◽  
Oil And Gas Sector

Significance As in 2020 and 2021, this projected growth will be driven by the ongoing expansion of the oil and gas sector, and related investment and state revenues. These rising revenues will support the government’s ambitious national development plans, which include both increased social and infrastructure spending. Impacts The government will prioritise enhancing the oil and gas investment framework. Investment into joint oil and gas infrastructure with Suriname will benefit the growing oil industry in both countries. The expansionary fiscal policy may lead to a rise in inflation, leading to further calls for wage increases. In the medium term, strong growth in the oil and gas sector could lead to increased climate change activism in the country.

Guatemala’s economy on the way to recovery

2021 ◽  
Keyword(s):  
Climate Change ◽  
Latin America ◽  
Violent Crime ◽  
Business Environment ◽  
Policy Support ◽  
Content Type ◽  
Containment Measures ◽  
The Government ◽  
The Way

Significance National GDP nevertheless contracted by just 1.5% in 2020 -- less than almost any other country in Latin America. Resilient remittances and exports, coupled with unprecedented policy support, have mitigated the effects of the pandemic and subsequent containment measures, leaving the country better placed for recovery than its neighbours. Impacts Enduring poverty, inequality and violent crime, and the impacts of accelerating climate change, will drive further migration from Guatemala. The government will pursue banking law reforms, to reduce risks to financial activities in the post-pandemic business environment. Infighting and corruption scandals will hinder the opposition's ability to benefit from the decline of the president's popularity.

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