Abstract
During the 1990s there has been a shift in exploration investment by multinational mining companies into regions that were previously closed or considered too risky. Many nations have introduced changes to their mineral policies, mining laws, and fiscal systems, and the author traces some of the major regulatory trends in developing, developed and transition economies. The author discusses trends in mining laws and provides data on current fiscal systems in 25 tax jurisdictions. The author concludes that the effect of recent changes has been to reduce barriers to entry and lower risk, thus encouraging increased investment in an ever-increasing number of countries.
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