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It is good news for mineral rich developing countries, especially on the African Continent. Publishing mineral revenues paid to Governments is enabling populations and/or their Parliaments to make close follow-up and ensure spending of the revenues is the intended.

Requiring the Companies to also publish all large scale Mineral Development Contracts they secure in the global mining industry is additional enabling of populations and their Parliaments in mineral rich developing countries to know the payments of mineral revenues the Companies would pay them through their Governments. This knowledge enables populations and their Parliaments in the mineral rich developing countries to make a close follow-up and ensure the Companies are paying them their shares of mineral revenues prescribed in the Mineral Development Contracts timely and accordingly.

Again, requiring Governments in mineral rich developing countries to publish the drafts of large scale Mineral Development Contracts for populations and their Parliaments to scrutinize and/or approve before the Companies and Governments could endorse, is enabling to avoid the influence of corrupt practice in the endorsement of Mineral Development Contracts and ensure it is win-win Mineral Development Contracts operating in the mineral rich developing countries.