Mining and Development

Foreign-Financed Mines in Australia, Ireland, Papua New Guinea and Zambia

Ciaran O'Faircheallaigh

• Publisher: Routledge
• Year: 2017
• ISBN:
  9781351620994
• Edition: 1
• Topic: Business
• Subtopic: Business General
• Index: Business

This book, first published in 1984, examines the economics and political issues raised by foreign investment in mineral development. It is an attempt to identify, as far as possible, what occurs in and between countries when foreign investments are made in mineral development, concentrating on two main themes: on the nature of the transactions which constitute the process of foreign investment on the physical level – money and instruments of credit, objects, information and people as they cross national boundaries – and on the nature of the relationships which are created between foreign investors and governments in the countries where the investments are made.

The author argues that the nature of physical transactions plays a crucial role in determining the character of host country-foreign investor relations, and the policies and attitudes adopted by host country authorities exercise an important influence, in turn, on the physical effects of foreign investments. As such, the book constitutes a comprehensive overview of the economic and political factors involved in mining and its development.

INDEX

Additional Profits Tax (APT) 250–1, 254–5

agriculture, impact of mining on 131–2, 264

Alcoa Australia 203–4

Alcoa US 203–5

aluminium industry, Australia 192, 199, 206

American Metal Climax (AMAX) 126–8, 129, 151

Anglo American Corporation Group (AAC) 99, 103, 106, 111, 135, 138

and copper fabrication 134

dividends 98

investment policies 98, 104–5, 106, 113, 280–1

links with South Africa 156

market strategy 101

staff seconded from 141, 151

tax rate 117

training of Zambians 140

and transfer pricing 129–30

and Zambian nationalization 107, 109–10, 113, 115, 126–8

Anglo American Corporation of South Africa Limited 81, 96, 173

Australia 3, 7–8, 162–214

passim, 273–4, 275–87

passim, 289

Australian Administration in Papua New Guinea, and Bougainville Copper Agreement 227–8, 230, 231–3, 245, 274, 284

conflict on Bougainville 222–7, 235–6

and CRA 225–6, 233

economic policy 225, 242–5

mineral royalties 221, 224, 226

ownership of minerals 218, 220, 226

Australian Industrial Development Corporation (AIDC) 166, 167–71, 204, 207, 210

Avoca copper mine 40–2, 43, 51, 64, 85

balance of payments 15–16

Australia 181, 198, 199–201

Ireland ...

Table of contents

• Cover Page
• Half Title
• Title Page
• Copyright Page
• Contents
• Dedication Page
• List of Tables
• Abbreviations
• Preface and Acknowledgements
• Introduction
• One The Framework of Analysis
• Two Foreign Investment and the Development of the Irish Non-Ferrous Mining Industry, 1956-1977.
• Three The Navan Zinc/Lead Development: A Case Study of Foreign Investor – Host Country Relations
• Four Foreign Investment and the Zambian Copper Industry, 1964-1970
• Five National Versus Corporate Control of Mineral Resources in Zambia, 1964 - 1978
• Six Australian Policies On Foreign Mining Investment, 1945-1975
• Seven The Impact of Foreign-Financed Mineral Development in Australia
• Eight Mineral Development in Papua New Guinea: The Colonial Period, 1964-1972
• Nine Mineral Development in Post-Colonial Papua New Guinea, 1972-1980
• Ten The Impact of Foreign-Financed Mineral Development
• Select Bibliography
• Index