This note aims to contribute to the work of the IGF on critical and strategic minerals for the energy and digital transition, with a focus on financial benefit sharing. It will help answer the question of whether current fiscal approaches and policies align with national strategies, including ensuring that mineral-rich developing countries collect an appropriate share of the financial benefits arising from the critical minerals across the value chain and, if not, what needs to change.
While the financial benefit-sharing challenges and opportunities in the extraction and processing of critical minerals are not fundamentally different from the commonly known challenges facing mining revenue collection in general, there are nuances that require further investigation. This paper seeks to identify these nuances in the key features of critical minerals, and to identify the new challenges and opportunities that they present to fiscal regulation.
The draft publication is open for comment until January 15, 2024. Please send written feedback to Tax@IGFMining.org.