Mineral Agreements in Developing Countries: Structures and Substance

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Abstract
Despite the many dramatic developments that have occurred over the past half dozen years in relation to the production of natural resources in some areas of the third world, mineral production in most developing countries is still carried out through contractual arrangements between foreign firms and host country governments. The nationalization of the copper industry in Chile and the bauxite industry in Guyana, the spectacular successes of OPEC, and the completed or projected nationalizations of petroleum operations in a number of countries have taken center stage since 1969. Nevertheless, these developments are not typical of the vast majority of mineral arrangements in developing countries.

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