How to Understand Mining Contracts
Drawing from several of the contracts on ResourceContracts.org, "Mining Contracts: How to Read and Understand Them" is a new book created to highlight strong contract clauses and explore how others could be improved. It goes beyond legal considerations to explore the policy questions and company interests underlying contract provisions—issues that are crucial for understanding and negotiating contracts, and for monitoring their enforcement.
The book was written in just five days by a group of 14 experts convened on the shore of the Chesapeake Bay in Maryland, USA. Organized by the International Senior Lawyers Project (ISLP), OpenOil, the Vale Columbia Center on Sustainable International Investment (VCC), and Revenue Watch Institute-Natural Resource Charter (RWI-NRC), this project is a collective, collaborative effort of the individual contributors, made using the “book sprint” technique.
Bringing together a wealth of diverse experience, geographic scope, expertise, perspective and style, "Mining Contracts: How to Read and Understand Them" is intended as a tool for anyone seeking to better understand the import and content of mining contracts. Neither the organizing institutions, nor the contributors themselves, could possibly agree on everything in the book. And despite the tireless efforts of the contributors, often working well into the night, there are bound to be a few errors and omissions. We hope that this will be a living document, so we invite readers to contact us with feedback and criticism to help us improve the upcoming second version.
The new book is a companion to last year's volume on oil contracts, produced through the same process.