In order to expand on the direction provided by the IGF’s Mining Policy Framework (MPF), IGF members identified the need for more concrete guidance on managing key issues.
The Secretariat was asked to develop guidance documents in order to augment the direction provided in the MPF in order to assist member countries in their implementation of the framework.
Beginning with artisanal and small-scale mining (ASM), guidance documents will be developed across the six areas of the framework (legal and policy environment; financial benefit optimization; socioeconomic benefit optimization; environmental management; post-mining transition; and artisanal and small-scale mining).
The ASM guidance document was presented to members at the 12th Annual General Meeting and formally released in January 2017. Members responded with multiple requests for assistance in implementing the guidance, which has also proven to be a useful tool for industry.
A guidance document addressing local content policies is scheduled to be released in February 2018 at Investing in Africa Mining Indaba. Local content policies can help governments translate billions of dollars of mining investment into broad and sustainable economic development.
Work has also begun on IGF Guidance for Governments: Countering Tax Base Erosion and Profit Shifting in the Mining Sector. The International Monetary Fund (IMF) estimates that developing countries’ base erosion and profit sharing revenue losses exceed USD 200 billion annually. The IGF has partnered with the Organisation for Economic Co-operation and Development (OECD) Centre for Tax Policy and Administration to combine its mining expertise with the OECD’s knowledge of taxation to design sector-specific solutions to some of the most pressing base erosion challenges facing developing countries.