Afghanistan has great mineral development potential specifically pertaining to iron ore, aluminum, copper, gold, silver, and molybdenum and more. Industrial materials, such as sand, gravel and limestone are also present in the country. Ongoing conflicts and instability have limited development of Afghanistan’s mining sector and production remains limited to largely informal quarries and industrial mineral operations.
What Are We Doing in Afghanistan?
IGF supports an inter-government working group led by the Ministry of Mines and Petroleum in analyzing the mineral fiscal regime. Afghanistan adopted a new mining law in 2018, with accompanying regulations. The government is interested in assessing if its mineral fiscal regime supports its policy objectives, as defined in its National Peace and Development Framework and Mining Sector Roadmap.
Angola’s has significant diamond reserves with great potential to contribute to its GDP and government revenues.
What Are We Doing in Angola?
Through our partner the African Tax Administration Forum, Angola requested a training on a wide range of BEPS issues and on specific concerns related to its domestic tax regime for the diamonds sector. The aim was to familiarize government with the issues, specifically officials involved in tax administration and mining.
Mining represents less than 1% of Argentina’s GDP, but more than 5% of its exports, and extractives contribute almost 4% of government revenues (2018).
What Are We Doing in Argentina?
In 2020, Argentina’s Secretariat of Mining requested that the IGF develop financial models related to three mining projects in advanced exploration stages in order to assess the viability of each one. The IGF prepared a report with its assessment of the three financial models developed and also delivered a capacity-building workshop for officials on mining financial modelling.
Burkina Faso well endowed with minerals, especially gold, but also zinc, copper, manganese, phosphate, and limestone.
What Are We Doing in Burkina Faso?
Due to the favourable business climate and generous incentives, the country has attracted significant investment to the mining sector. Mining companies in the country have used tax incentives to optimize their operations and payments to the government. In this context, we delivered a training on mining tax incentives. The aim was to familiarize a wide range of policy makers with the issues. It was followed by a four-day, “hands-on” workshop to review the use of tax incentives in the mining sector in Burkina Faso.
Jamaica is a resource-rich country with a diverse range of minerals including limestone, alumina, and bauxite. The minerals sector is dominated by bauxite, which is used to make aluminium, and is an important export for Jamaica. The government owns stakes in bauxite and alumina resources.
What Are We Doing in Jamaica?
We provided a bauxite-alumina specialist to deliver training for the Tax Authority of Jamaica. Going forward, the government has requested advice on the bauxite fiscal regime, fiscal terms in mining contracts, and the economic benefits of bauxite-alumina mining, including possibilities for local value addition.
Mineral products account for a significant part of Georgia’s exports, specifically copper ores and concentrates (15%), ferroalloys (8%), and gold (3%).
What Are We Doing in Georgia?
In 2020, responding to a request from Georgia’s National Agency for Mines, the IGF delivered an assessment report on Georgia’s Law on Natural Resource Fees, specifically looking at fees based on production levels for mining licence holders in the country. Our assessment includes a comparative analysis of mining royalty regimes in 52 jurisdictions. Also at the government’s request, the IGF delivered a capacity-building workshop for officials on mineral royalty design and administration.