Stanley, MichaelMikhaylova, Ekaterina2014-05-132014-05-132011-09https://hdl.handle.net/10986/18292Numerous recent changes in the mining industry have led governments to an increased interest in the tender process as a means of awarding mineral rights. High demand and high mineral prices driven by rapid economic growth in countries such as Brazil, China, and India, and the emergence of new global companies in these countries, have resulted in increased competition to obtain access to mineral resources worldwide. The two parts of this paper, the guidance/good practices and the case study, are presented together even though they do not directly draw on each other's conclusions. Both examine guiding principles and good practices for governments to use in attracting mineral investments. Although it is noted by the authors that the Aynak tender was not a perfect process, occurring as it did in a difficult environment with a deficient in-country capacity and myriad investment challenges, it is a relevant example of what is involved and what must be considered by a government in the process and content of a tender. The paper is expected to motivate long-term strategic thinking among decision makers in mineral-rich countries on ways to begin mine development with the end in mind. Its intention is not to prescribe a set of actions, but rather to inform possible ways of maximizing the local content from mining projects which will need to be adjusted in each unique case.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTINGADVERSE EFFECTSALLOCATION OF RISKANCILLARY FACILITIESARBITRATIONASSET HOLDINGASSET SALESAUCTIONAUCTIONSBENEFICIARYBIDBID BONDBIDDING PROCESSBIDSBONDBONDSBRIDGECADASTRECAPACITY BUILDINGCAPITAL EXPENDITURESCAPITAL INVESTMENTCAPITAL INVESTMENTSCAPITAL REQUIREMENTSCAPITALIZATIONCASH PAYMENTCHECKSCOMMODITIESCOMMODITYCOMMUNICATIONS TECHNOLOGYCOMPETITIVE BIDDINGCOMPETITIVE TENDERCONCESSIONSCONFIDENTIALITYCONFLICTS OF INTERESTCONTINGENT LIABILITIESCONTRACT AWARDCONTRACTUAL TERMSCORE BUSINESSCOST OF CAPITALDATA AVAILABILITYDEBTDEBT RELIEFDEPOSITDEPOSITSDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPMENT FINANCEDEVELOPMENT INVESTMENTDIVIDENDDRAINAGEDUE DILIGENCEECONOMIC DEVELOPMENTEMERGING ECONOMIESENABLING ENVIRONMENTENERGY RESOURCESENVIRONMENTAL ISSUESENVIRONMENTAL MANAGEMENTENVIRONMENTAL PERFORMANCEENVIRONMENTAL PROTECTIONENVIRONMENTAL PROTECTION AGENCYEQUATOR PRINCIPLESEQUIPMENTEQUITY PARTICIPATIONEXPENDITUREEXPENDITURESFINANCE CORPORATIONFINANCIAL BENEFITSFINANCIAL CAPACITYFINANCIAL CLOSUREFINANCIAL EVALUATIONFINANCIAL FLOWSFINANCIAL INCENTIVESFINANCIAL PROPOSALSFINANCIAL RISKSFINANCIAL VIABILITYFINANCING REQUIREMENTSFISCAL DISCIPLINEFOREIGN CURRENCYFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETFOREIGN INVESTORSGLOBAL MARKETSGOOD GOVERNANCEGOVERNMENT AUTHORITIESGOVERNMENT BORROWINGGOVERNMENT CAPACITYGOVERNMENT GRANTSGOVERNMENT GUARANTEESGOVERNMENT POLICIESGOVERNMENT REVENUESGOVERNMENT SUBSIDIESGOVERNMENT SUPPORTHOLDINGHOLDING COMPANYHOLDINGSINCOMEINCOME TAXINFLATIONINFORMATION FLOWSINFRASTRUCTURE CONCESSIONINFRASTRUCTURE CONTRACTSINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE INVESTMENTSINFRASTRUCTURE PROJECTSINFRASTRUCTURE REQUIREMENTSINSTITUTION BUILDINGINSTITUTIONAL CAPACITYINSURANCEINTERNATIONAL COMPETITIVE BIDDINGINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINTERNATIONAL FINANCIAL INSTITUTIONSINTERNATIONAL INVESTMENTINVESTMENT CONTRACTINVESTMENT FUNDINVESTMENT OPPORTUNITYINVESTMENT VALUEINVESTOR CONFIDENCEINVESTOR INTERESTISSUANCEJOINT VENTUREJURISDICTIONLEASE CONTRACTSLEGAL INSTRUMENTLEGAL INSTRUMENTSLEGAL PROVISIONSLEVEL OF DEMANDLINE OF CREDITLOCAL INVESTORSLOCAL ROADSLOW-INCOME COUNTRYMARKET CONDITIONSMARKET INFORMATIONMARKET REFORMSMARKET RISKMIDDLE-INCOME COUNTRIESMODEL CONTRACTMONETARY FUNDNATURAL RESOURCENATURAL RESOURCESO&MOPEN ACCESSOUTPUTOUTSOURCINGPARTICULAR COUNTRYPERFORMANCE INDICATORSPITSPOLITICAL ECONOMYPOLITICAL REGIMESPOLITICAL RISKPOTENTIAL INVESTORPOTENTIAL INVESTORSPOWERPRESENT VALUEPRESENT VALUE CALCULATIONPRIVATE INFRASTRUCTUREPRIVATE INVESTORSPRIVATE SECTOR DEVELOPMENTPRIVATIZATIONPUBLIC FUNDINGPUBLIC INVESTMENTPUBLIC RELATIONSPUBLIC ROADPUBLIC SECTOR INVESTMENTPUBLIC TRANSPORTATIONPUBLIC UTILITIESPUBLIC-PRIVATE PARTNERSHIPPUBLIC-PRIVATE PARTNERSHIPSRAILRAIL COMPANYRAIL LINERAIL NETWORKSRAILROADSRAPID ECONOMIC GROWTHREGIONAL INFRASTRUCTUREREGULATORREGULATORY AUTHORITIESREGULATORY CAPACITYREGULATORY CONDITIONSREGULATORY FRAMEWORKREGULATORY REQUIREMENTSREINVESTMENTRENTAL FEESRESERVERESERVESRESETTLEMENTRETURNRETURNSRIGHT-OF-WAYROADROAD MAINTENANCEROADSSANITATIONSETTLEMENTSHAREHOLDERSSOCIAL ISSUESSOCIAL RISKSSTREET LIGHTINGSUSTAINABLE DEVELOPMENTTENDER PROCESSTENDERSTOLLTOLL ROADTRACK RECORDTRANCHESTRANSACTIONTRANSPARENCYTRANSPARENCY INITIATIVETRANSPORTTRANSPORTATIONTRANSPORTATION SYSTEMTRUST FUNDUNDERGROUNDVEHICLEWORKING CAPITAL10.1596/18292