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sharing in governance of extractive industries

Natural Resource Charter Discussion Group

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Natural Resource Charter Discussion Group

A group for discussing the Natural Resource Charter.
In particular this a forum is open to users to provide input and feedback on the Charter text and the project as a whole.

Website: http://www.naturalresourcecharter.org
Members: 92
Latest Activity: 9 hours ago

The Charter Precepts

Precept 1: The development of a country’s natural resources should be designed to secure the greatest social and economic benefit for its people. This requires a comprehensive approach in which every stage of the decision chain is understood and addressed.

Precept 2: Successful natural resource management requires government accountability to an informed public.

Precept 3: Fiscal policies and contractual terms should ensure that the country gets full benefit from the resource, subject to attracting the investment necessary to realize that benefit. The long-term nature of resource extraction requires policies and contracts that are robust to changing and uncertain circumstances.

Precept 4: Competition in the award of contracts and development rights can be an effective mechanism to secure value and integrity.

Precept 5: Resource projects can have significant positive or negative local economic, environmental and social effects which should be identified, explored, accounted, mitigated or compensated for at all stages of the project cycle. The decision to extract should be considered carefully.

Precept 6: Nationally owned resource companies should operate transparently with the objective of being commercially viable in a competitive environment.

Precept 7: Resource revenues should be used primarily to promote sustained, inclusive economic development through enabling and maintaining high levels of investment in the country.

Precept 8: Effective utilization of resource revenues requires that domestic expenditure and investment be built up gradually and be smoothed to take account of revenue volatility.

Precept 9: Government should use resource wealth as an opportunityto increase the efficiency and equity of public spending and enable the private sector to respond to structural changes in the economy.

Precept 10: Government should facilitate private sector investments at the national and local levels for the purposes of diversification, as well as for exploiting the opportunities for domestic value added.

Precept 11: The home governments of extractive companies and international capital centers should require and enforcebest practice.

Precept 12: All extraction companies should follow best practice incontracting, operations and payments.

Discussion Forum

Invitation for inputs to the Natural Resource Charter

Started by Jim Cust. Last reply by Antipas Massawe Jun 19. 5 Replies

The Natural Resource Charter invites contributions from all stakeholders as part of its annual consultation and revision process.The Charter is a ‘living document’; it is open for submissions to…Continue

International Environmental and Social Impact Assessment (ESIA) in artisanal and small-scale mining

Started by Alexej Parchomenko Mar 19, 2013. 0 Replies

I am interested in international guidelines for ESIA in artisanal and small-scale mining.My aim is to compare the guidelines/procedures/structures and to see how consistent, applicable and strict…Continue

Uploading Audo - A Test

Started by Jed Miller. Last reply by Kobina Aidoo Jan 11, 2011. 3 Replies

Audio from release of PRT Index, RWI and Transparency International.

Natural Resource Charter RSS Feed

Comment Wall

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You need to be a member of Natural Resource Charter Discussion Group to add comments!

Comment by OGEL Journal on June 27, 2014 at 13:04

Members of this group interested in Unconventional Gas are welcome to request a free excerpt of our special on this topic - see OGEL 3 (2014) - Special: Governance of Unconventional Gas Outside t... for details. The papers in this special were presented during a joint OGEL & World Bank Initiative learning symposium earlier this month.

The editor of this special will also organize a follow online seminar on our OGELFORUM - everyone is free to apply for a free six month trial membership so you can join the discussion.

Comment by PATRICK AFAMEFUNA CHIEKWE on February 13, 2014 at 12:51

It is a welcome development that our Government should buy-in to the NRC.

Comment by Max George-Wagner on August 27, 2013 at 13:16

Two exciting new vacancies are available at Revenue Watch Institute. Please see the attachments for more details.

Research Assistant: Research%20Assistant%208.2013.doc

Senior Researcher: Senior%20Researcher%208.2013.docx

Comment by Joseph Smith on July 19, 2013 at 10:25

The Extractive Transparency and Accountability Group (ETAG) is a young peoples' forum that advocate for the incorporation of the Natural Resources Charter (NRC) in the governance of the Sierra Leone Extractive Industry. So members of this group who are mostly young Academia, would like to actively participate in the NRC Bench marking process here in Sierra Leone as it was done in Nigeria.

Comment by Joseph Smith on July 19, 2013 at 10:18

Precept two"Successful natural resource management requires government accountability to an informed public" is my major point of call for the outstanding nature of the NRC as a good document for the governance of the any extractive industry in resources rich country "Honey Pot" in especially Africa where there is the paradox of plenty. 

Comment by Max George-Wagner on May 31, 2013 at 17:13

If you missed our annual conference, or just want a second chance to look over the slides, speaker bios and session briefs go to: http://naturalresourcecharter.org/content/nrc-annual-conference-2013

Comment by Jim Cust on March 21, 2012 at 14:47

Hear Prof Michael Ross (member of NRC technical advisory group) talking about 'The Oil Curse': http://www.ustream.tv/recorded/20803045

Comment by Jim Cust on March 21, 2012 at 14:44

Consultation on IMF's Board Papers on Natural Resources:

http://www.imf.org/external/np/exr/consult/2012/NR/index.htm

Comment by Jim Cust on September 15, 2011 at 15:37

New video from this year's NRC workshop:

Comment by Deval Desai on July 19, 2011 at 1:38

Quick link to my blog post on the NRC Annual Workshop this year. Look forward to everyone's thoughts.

Deval

 

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