Resource rents in the diamond industry

RMG Consulting publish paper together with UNU-WIDER in Helsinki on the resource rents in the diamond industry.

The focus of the study is rent in the diamond industry. Based on extensive datasets and a discussion of all relevant costs, we present resource rent statistics from the diamond industry in key producer countries in emerging economies such as Angola, Botswana, Democratic Republic of the Congo, Lesotho, Namibia, Sierra Leone, and South Africa, as well as the Russian Federation. Resource rents give an indication of the available space for taxation. To use this potential tax space effectively in the long term without changing the investment behaviour of the mining companies and the long-term viability of the industry, all costs, such as environmental and financial costs, must be included. The study attempts to expand on earlier work by the World Bank to calculate mineral rents for mining industries other than the diamond industry. Rent calculated as precisely as possible is an important basis for wealth calculations and for mineral policy development. 

for more information:

https://www.wider.unu.edu/publication/resource-rents-diamond-industry-2014%E2%80%9319

Anton, Magnus and Olof publishes in CIS Iron and Steel Review

Iron Ore Market Review 2018

CIS Iron and Steel Review (2019 Vol.17)

Iron ore prices remained at relatively high levels during 2018. Premia paid for high quality ores increased and are substantial. Global iron ore production is estimated to grow by around 2% in 2018. Sharp cuts in production of un-beneficiated ore have taken place in China during 2018. Demand for iron ore in general and for high grade products in particular has however increased. Future developments in China, both in the steel and iron ore industries, will be crucial to the global iron ore markets in 2019. This review is written in March 2019 and incorporates as much as possible figures and trends for the full year 2018, in some cases this is however not yet possible.

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Extractive Industries The Management of Resources as a Driver of Sustainable Development

Magnus Ericsson, Olof Löf & Anton Löf from RMG Consulting has contributed to a new book published by UNU-WIDER and Oxford University Press, edited by Tony Adison and Alan R. Roe

Extractive Industries: The Management of Resources as a Driver of Sustainable Development

New initiatives recognize that resource wealth can provide a means, when properly used, for poorer nations to decisively break with poverty by diversifying economies and funding development spending. Extractive Industries: The Management of Resources as a Driver of Sustainable Development explores the challenges and opportunities facing developing countries in using oil, gas, and mining to achieve inclusive change. 

While resource wealth can yield prosperity it can also, when mismanaged, cause acute social inequality, deep poverty, environmental damage, and political instability. There is a new determination to improve the benefits of extractive industries to their host countries, and to strengthen the sector's governance. Extractive Industries provides a comprehensive contribution to what must be done in this sector to deliver development, protect often fragile environments from damage, enhance the rights of affected communities, and support climate change action. It brings together international experts to offer ideas and recommendations in the main policy areas. With a breadth of collective insight and experience, it argues that more attention must be given to the development role of extractive industries, and looks to the future to explain how action on climate change will profoundly shape the sector's prospects.

Chapter 3. Mining's contribution to low- and middle-income economies 
Magnus Ericsson and Olof Löf 

Chapter 25. Downstream activities: The possibilities and the realities 
Olle Östensson and Anton Löf 

Read more here