Mineral agreement in developing countries: Structures and substance

• Main Authors: SMITH, David Nathan, WELLS, Louis T.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1975
• Subjects: Oil, Gas, and Mineral Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/2620; https://ink.library.smu.edu.sg/context/sol_research/article/4578/viewcontent/69AmJIntlL560__1_.pdf
• Institution: Singapore Management University

Despite the many dramatic developments that have occurred over thepast half dozen years in relation to the production of natural resources insome areas of the third world, mineral production in most developingcountries is still carried out through contractual arrangements betweenforeign firms and host country governments. The nationalization of thecopper industry in Chile and the baudte industry in Guyana, the spectacularsuccesses of OPEC, and the completed or projected nationalizationsof petroleum operations in a number of countries have taken center stagesince 1969. Nevertheless, these developments are not typical of the vastmajority of mineral arrangements in developing countries.