An Enabling Investment Climate:
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An Enabling Investment Climate: Afghanistan Oil, Gas and Mining. What the Sector Can Provide – inclusive, integrated growth by leveraging large, private-sector anchor investments into mining, oil & gas. Michael Stanley, Mining Lead World Bank Group Washington, D.C. . Challenges Ahead.

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Michael Stanley, Mining Lead World Bank Group Washington, D.C.

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Michael stanley mining lead world bank group washington d c

An Enabling Investment Climate:

Afghanistan Oil, Gas and Mining

What the Sector Can Provide – inclusive, integrated growth by leveraging large, private-sector anchor investments into mining, oil & gas

Michael Stanley, Mining Lead

World Bank Group

Washington, D.C.


Michael stanley mining lead world bank group washington d c

Challenges

Ahead

  • field security

  • long lead times for exploration / development

  • “good fit” policy, legal & regulatory frameworks

  • land acquisition / ROW

  • risk mitigation

  • shared access infrastructure

  • strengthening institutions / building adsorptive capacities


Michael stanley mining lead world bank group washington d c

The Enabling Investment Climate:

Geodata, Institutions & Adsorptive Capacity

  • Modified after (a) Transitional Islamic State of Afghanistan: Mining as a Source of Growth, Report No. 28231-AF, The World Bank 2004; and (b) James Otto – A Global Survey of Mineral Investment Preferences, Mineral Investment Conditions in Selected Countries of the Asia Pacific Region (United Nations ESCAP 1992).


Michael stanley mining lead world bank group washington d c

Geodata


Michael stanley mining lead world bank group washington d c

Pre-CompetitiveGeodata

USD/km2

MINE

DEVELOPMENT

Aynak

>10,000,000

1,000,000

DETAILED

EXPLORATION

PUBLIC FUNDING

Hajigak

100,000

Sherbegon

PRIVATE FUNDING

100

REGIONAL

EXPLORATION

MINERAL

RESOURCES

ASSESSMENT

REGIONAL

GEOLOGICAL

MAPPING

10


Michael stanley mining lead world bank group washington d c

Good Fit Policy, Legislation, Regulations


Michael stanley mining lead world bank group washington d c

The Enabling Investment Climate:

Strengthen Institutions and Build Adsorptive Capacity

  • Effective Sector Policy

  • Transparent, non-discretionary licensing / award of contract procedures (first come and tenders)

“Good fit laws and regulations”

  • Good fit regulations, improved implementation

  • Non-discretionary, transparent contract monitoring and compliance procedures

  • Transparent and efficient implementation of royalty and tax regime

  • Development of a robust inspection regime to check compliance with health, safety and environmental standards


Michael stanley mining lead world bank group washington d c

The Sectoral Gaps in Afghanistan


Michael stanley mining lead world bank group washington d c

The Enabling Investment Climate:

Address Gaps and Build Adsorptive Capacity


Michael stanley mining lead world bank group washington d c

The Enabling Investment Climate:

Address Gaps and Build Adsorptive Capacity


Michael stanley mining lead world bank group washington d c

The Enabling Investment Climate:

Address Gaps and Build Adsorptive Capacity


Michael stanley mining lead world bank group washington d c

The Enabling Investment Climate:

Address Gaps and Build Adsorptive Capacity


Michael stanley mining lead world bank group washington d c

View Sector Investments within Integrated Corridors

Amu Darya Basin(2011)

Dushi Gold

(2010)

Hajigak

Iron Ore

(2011)

Aynak Copper (2010)


Michael stanley mining lead world bank group washington d c

Inclusive Growth Corridors

Map Legend

Input: Power or water

Economic diversification, clusters

Mine

Zone of Economic / cultural impact

Year

Output Infrastructure

2

4

6

8

10

12

14

16

World Bank Group


Michael stanley mining lead world bank group washington d c

Summary

  • collect & dissemination of geodata

  • implement “good fit” laws and regulations

  • Strengthen institutions and adsorptive capacity

  • focus enabling investment drivers:

    • open access, public private infrastructure

    • gaining right-of-way

    • structuring risk mitigation instruments

    • strengthen regional trade and commerce interconnects

    • Public financial management of EI revenues (PFM)

    • Building adsorptive capacity to integrate public and private sector investment / development plans

    • Building enterprise development capacity for (jobs) around competitive industries

    • Strengthening social mobilization for improved service delivery

  • government takes a resource corridor approach

  • inclusive integrated growth


Thank you

Thank You

Michael Stanley, Mining Lead

World Bank Group

Washington, D.C.

[email protected]


What can be achieved in the 10 years

What Can Be Achieved In the 10 Years

  • Mines -- Two major industrial mines in operation (Aynak and Hajigak); one or more hydrocarbon blocks producing, 2 - 4 smaller scale industrial mines in gold, lithium, other metallic minerals; 200+ licensed quarry operations, gemstones, and other artisanal production.

  • Infrastructure -- Major transportation (rail), power and water infrastructure investments in “corridors” to support mining investment; “spin-offs” in terms of local economic development.

  • Governance – EITI, transparent non-discretionary sector administration, central government control over “illicit” mining and regularization of artisanal miners;

  • Support – Provision of geodata, sector promotion, and resource corridor support through Government partnerships: ADB, World Bank, USAID, UKDFID, AUS AID and others.


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