Improving the Policy Framework for Financial Assurance for Mine Closure in Mongolia

2021 ◽  
Author(s):  
Zandariya Bayanmunkh
2021 ◽  
Author(s):  
Andrea Penny

Mining can have significant public health and environmental consequences such as deforestation, waste rock deposition, and toxic mine effluents. Standards for reclamation of Ontario mine sites are not clear as there is no received model. A strong policy framework is essential to develop a mine closure system that protects the environment. An Environmental Assessment is the first stage for reclamation investigation. By setting standards for reclamation, projects that complete an Environmental Assessment will be better prepared to meet environmental protection objectives. Based on determined objectives, the best practice for mine site reclamations must include: restoration of soils, systematic revegetation, reclamation of water and wildlife restoration through habitat formation. Based on the results, Ontario is ahead of the provinces evaluated for environmental reclamation. None of the countries reviewed have a firm policy on reclamation. The results demonstrate a high number of reclamation components not being evaluated at the environmental assessment level.


2021 ◽  
Author(s):  
Andrea Penny

Mining can have significant public health and environmental consequences such as deforestation, waste rock deposition, and toxic mine effluents. Standards for reclamation of Ontario mine sites are not clear as there is no received model. A strong policy framework is essential to develop a mine closure system that protects the environment. An Environmental Assessment is the first stage for reclamation investigation. By setting standards for reclamation, projects that complete an Environmental Assessment will be better prepared to meet environmental protection objectives. Based on determined objectives, the best practice for mine site reclamations must include: restoration of soils, systematic revegetation, reclamation of water and wildlife restoration through habitat formation. Based on the results, Ontario is ahead of the provinces evaluated for environmental reclamation. None of the countries reviewed have a firm policy on reclamation. The results demonstrate a high number of reclamation components not being evaluated at the environmental assessment level.


2015 ◽  
pp. 151-156
Author(s):  
A. Koval

The improving investment climate objective requires a comprehensive approach to the regulatory framework enhancement. Policy Framework for Investment (PFI) is a significant OECD’s investment tool which makes possible to identify the key obstacles to the inflow foreign direct investment and to determine the main measures to overcome them. Using PFI by Russian authorities would allow a systematic monitoring of the national investment policy and also take steps to improve the effectiveness of sustainable development promotion regulations.


2011 ◽  
pp. 43-56
Author(s):  
A. Apokin

The paper approaches the problem of private fixed capital underinvestment in Russia. The author uses empirical studies of the Russian economy and cases of successful technological modernization to outline several groups of disincentives for private companies to perform fixed capital investment in Russia. To counter these constraints, a certain incentive-based economic policy framework is developed.


Author(s):  
Addissie Melak

Economic growth of countries is one of the fundamental questions in economics. Most African countries are opening their economies for welcoming of foreign investors. As such Ethiopia, like many African countries took measures to attract and improve foreign direct investment. The purpose of this study is to examine the contribution of foreign direct investment (FDI) for economic growth of Ethiopia over the period of 1981-2013. The study shows an overview of Ethiopian economy and investment environment by the help of descriptive and econometric methods of analysis to establish empirical investigation for the contribution of FDI on Ethiopian economy. OLS method of time series analysis is employed to analyse the data. The stationary of the variables have been checked by using Augmented Dickey Fuller (ADF) Unit Root test and hence they are stationery at first difference. The co- integration test also shows that there is a long run relationship between the dependent and independent variables. Accordingly, the finding of the study shows that FDI, GDP per capita, exchange rate, total investment as percentage of GDP, inflow of FDI stock, trade as percentage of GDP, annual growth rate of GDP and liberalization of the economy have positive impact on Ethiopian GDP. Whereas Gross fixed domestic investment, inflows of FDI and Gross capital formation influence economic growth of Ethiopia negatively. This finding suggests that there should be better policy framework to attract and improve the volume of FDI through creating conducive environment for investment.


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