Optional Additional Resources
Are you looking for more information about the content presented in each module? The readings and resources below have been suggested by the course instructors for students who want to learn more. All of these readings are optional -- required readings are built into each course module.
Recorded Q&A sessions! Click here and search "Q&A" to watch recorded Q&A sessions from past runs of this course, where instructors and other experts answer student questions about each module.
Module 1: Challenges and opportunities
- Rocio Cara Labrador, "Venezuela: The Rise of the Petrostate," Council on Foreign Relations (January 2019).
- Macartan Humphreys, Jeffrey D. Sachs, and Joseph E. Stiglitz, “Introduction: What is the Problem with Natural Resource Wealth?” Escaping the Resource Curse, Columbia University Press (2007). [18 pages]
- Frederick van der Ploeg, “Natural Resources: Curse or Blessing?” CESIFO Working Paper No. 3125 (July 2010). [54 pages]
- Andrew Bauer and Juan Carlos Quiroz, “Chapter 15: Resource Governance,” The Handbook of Global Energy Policy, Wiley-Blackwell (2013), pp. 244-262. [21 pages]
- Michael L. Ross, “The Politics of the Resource Curse: A Review,” SSRN (January 2013). [18 pages]
- “Extractive Industries Value Chain: A Comprehensive Integrated Approach to Developing Extractive Industries,” World Bank Africa Region Working Paper No. 125 (March 2009), pp. 1-22. [22 pages]
- The EITI Value Chain, Strengthening Governance Along the Extractive Industries Value Chain [webpage]
Module 2: Political economy of natural resources
- Related news pieces
- Jonathan Watts, “Operation Car Wash: Is this the biggest corruption scandal in history?” The Guardian, (June 2017)
- Will Fitzgibbon, “Secret Offshore Deals Deprive Africa of Billions in Natural Resource Dollars,” ICIJ (July 2016)
- Michael Smith et. al, "No One Has Ever Made a Corruption Machine Like This One," Bloomberg Businessweek" (June 2017)
- Will Fitzgibbon, "Secret Documents Expose Nigerian Oil Mogul’s Offshore Hideaways," (25 July 2016)
- “The EITI Standard,” EITI International Secretariat (January 2016). [~170 pages]
- “Contract Transparency,” NRGI Reader (March 2015).
- “IFC Performance Standards on Environmental and Social Sustainability,” International Finance Corporation, (effective 1 January 2012). [50 pages]
- “OECD Guidelines for Multinational Enterprises,” OECD Publishing (2011). [13 pages]
- “The Equator Principles,” (June 2013). [23 pages]
- Naazneen Barma, Kai Kaiser, Tuan Minh Le and Lorena Vinuela, “Rents to Riches? The Political Economy of Natural Resource-Led Development,” World Bank (2012). [37 pages]
- Dani Kaufman, “Corruption Matters,” IMF Finance & Development Vol. 52, No. 3 (September 2015). [4 pages]
- NRGI, “Twelve Red Flags: Corruption Risks in the Award of Extractive Sector Licenses and Contracts report on corruption red flags,” (April 2017): red flags #s 2,3,7,9,10,11,12.
Module 3: Fundamentals of oil, gas, and mining: industry considerations and policy implications
- Nicolas Maennling and Perrine Toledano, “Seven Trends Shaping the Future of the Mining and Metals Industry,” WEF (March 2019)
- John van Schalk, “How Governments Sell Their Oil,” Revenue Watch Institute (April 2012). [9 pages]
- “Oil & Gas for Beginners,” Deutsche Bank Markets Research (25 January 2013), pp. 10-19, 48-85. [47 pages]
- “The role of mining in national economies (2nd edition)” ICMM (October 2014), pp. 9-39. [30 pages]
- “Commodity Trading,” NRGI Reader (March 2015). [1 page]
- Emily Darko, “Short guide summarizing the oil and gas industry lifecycle for a non-technical audience,” Overseas Development Institute, (October 2014), pp. 1-4. [5 pages]
- Mapping Mining to the Sustainable Development Goals: An Atlas
- Introduction to Mineral Deposits and Fossil Energy Study Guide
- "Managing Coal Mine Closure: A Just Transition for All," World Bank (January 2018). [33 pages] (summary)
Module 4: Legal overview
- “Natural Resource Contracts as a Tool for Managing the Mining Sector,” Columbia Center on Sustainable Investment, 2015 [69 pages]
- Cotula, Lorenzo, "Foreign Investment,
Law and Sustainable Development: A Handbook on Agriculture and Extractive Industries," IIED, 2014, pp. 28-38. [10 pages] - Andrews, Craig B, "Getting to Yes: The Practitioner’s Guide to Negotiating Mining Investment Agreements: Lessons from Ecuador," November 2012. [63 pages]
- "Investment Treaties and Why They Matter to Sustainable Development: Questions and Answers," IISD, 2012. [50 pages]
- "Copper Giants: Lessons from State-Owned Mining Companies in DRC and Zambia," NRGI, (2015) [52 pages]
- EI Sourcebook, "Granting Mineral Rights: A Good Practice Note," 2010. [38 pages]
- EI Sourcebook, “Mineral Rights Cadastre,” pp. 31-42. [11 pages]
- Cotula, Lorenzo, "Investment Contracts and Sustainable Development: How to Make Contracts for Fairer and More Sustainable Natural Resource Investments," IIED, 2010, pp. 3-4 and 11-22. [12 pages]
- "Investor-State Dispute Settlement," UNCTAD, pp. 13-22 and 70-78.
- "Transparency," UNCTAD, pp. 5-12.
- "Expropriation," UNCTAD, pp. ix-xiv and 1-4.
Module 5: Fiscal regime design and revenue collection
- Alexandra Readhead “Preventing Tax Base Erosion in Africa: A Regional Study of Transfer Pricing Challenges in the Mining Sector,” NRGI (2016), pp. 1-3 [3 pages]. (Also available in French.)
- "Mining Contracts: How to Read and Understand Them," pp. 67-95. [28 pages]
- “Oil Contracts: How to Read and Understand Them,” (2011) pp. 67-115 [48 pages]
- ICMM. Mineral Taxation Regimes, A Review of Issues and Challenges in their Design and Application: Analysis and Observations. "The Challenge of Mineral Wealth: Using Resource Endowments to Foster Sustainable Development.
- IMF. Natural Resources: A Short Primer. "Revenue Administration: Administering Revenues from Natural Resources," pp. 1-6, 21-23, box 2. [9 pages]
- "Impacts of Fiscal Reforms in Country Attractiveness: Learning from the Facts." [40 pages]
- “Fiscal Regime Design,” NRGI Reader (March 2015). [9 pages]
- “Open Fiscal Models” Columbia Center on Sustainable Investment
Module 6: Anticipating and managing environmental issues
- Global Banks, the Environment, and Human Rights: The Impact of the Equator Principles on Lending Policies and Practices, pp. 3-8. [5 pages]
- Franks, Daniel and Joanne Everingham, David Brereton. Governance Strategies to Manage and Monitor Cumulative Impacts at the Local and Regional Level, (2012) pp. 16-20. [5 pages]
- Tetlow, Monica Fundingsland and Marie Hanusch. Strategic Environmental Assessment: The state of the art, Impact Assessment and Project Appraisal, (2012) pp. 2-9.
- GIZ. From Riches to Rags. 2017
- Stranded Nations? The Climate Policy Implications for Fossil Fuel - Rich Developing Countries [18 pages]
- Columbia Center on Sustainable Investment -The Role of Extractive Industries in a Carbon Constrained World (2017) [24 pages]
Module 7: Community rights
- Open Community Contracts, Columbia Center on Sustainable Investment, Canadian International Resources and Development Institute [website]
- Downing, Theodore. "Avoiding New Poverty: Mining-Induced Displacement and Resettlement," MMSD, pp. 5-15. [pages 12]
- World Bank, "Good Practice Notes on Community Development Agreements," pp. 4-12. [9 pages]
- Terminski, Bogumil. "Oil-induced Displacement and Resettlement: Social Problem and Human Rights Issue." [22 pages]
- Human Rights Due Diligence Process, IPIECA
- Scott, Jen, et al, World Bank. "Exacting Lessons on Gender in the Oil and Gas Sector: A Survey and Analysis of the Gendered Impacts of Onshore Oil and Gas Production in Three Developing Countries." [64 pages]
- Oxfam, "Community Consent Index," 2015, pp. 14-32 [18 pages]
- Social impact assessment guideline NSW
- International Association for Impact Assessment p. v-vi and pp. 1-3 [18 pages]
- Conflict sensitive business practice guidance, International Alert, pp. 2-14 [18 pages]
- Boom Town Indicators Toolkit
Module 8: Artisanal mining
- Hinton, Jennifer et al. "Women and artisanal mining: Gender roles and the road ahead, "The Socio-Economic Impacts of Artisanal and Small-Scale Mining in Developing Countries, 2003. [26 pages]
- Hentschel, Thomas et al. "Global Report on Artisanal and Small-Scale Mining," Mining, Minerals and Sustainable Development, 2002. [64 pages]
- Echavarria, Cristina. "What is Legal?
Formalising artisanal and small-scale mining in Colombia," IIED, pp. 8-61. [53 pages] - Hayes, Karen and Rachel Perks. "Women in the artisanal and small-scale mining sector of the Democratic Republic of the Congo," 2012, pp. 2-15. [14 pages]
- Hruschka, Felix, and Cristina Echavarria. "Rock-Solid Chances for Responsible Artisanal Mining," Alliance for Responsible Mining, January 2011, pp. 23-26 [4 pages]
- Eftimie, Adriana et al. "Gender Dimensions of Artisanal and Small-Scale Mining: A Rapid Assessment Toolkit," World Bank, 2012, pp. 2-13. [8 pages]
Module 9: Revenue management
- NRGI Reader. Subnational Revenue Distribution: Natural Resource Revenues in a Decentralized Context, March 2015. [4 pages]
- Baunsgaard, Thomas et al. International Monetary Fund. "Fiscal Frameworks for
Resource Rich Developing Countries," IMF Staff Discussion Note, May 2012. [21 pages] - Arezki, Rabah et al. International Monetary Fund. "How Can Commodity Exporters Make Fiscal and Monetary Policy Less Pro-Cyclical?," Beyond the Curse: Policies to harness the Power of Natural Resources, pp. 4-12. [8 pages]
- Bauer, Andrew. NRGI, CCSI. Managing the Public Trust: How to Make Natural Resource Funds Work for Citizens, 2014. [114 pages]
- Sachs, Jeffrey. "How to Handle the Macroeconomics of Oil Wealth," Initiative for Policy Dialogue Working Paper Series, September 2006. [21 pages]
- EI Sourcebook, "8.0 Revenue Management and Distribution." [~2 pages]
- NRGI Reader. Fiscal Rules and Natural Resource Funds: Methods to Save and Stabilize Revenues, March 2015. [8 pages]
- Natural Resources Governance Institute and, Columbia Center on Sustainable Investment, “Managing the public trust: How to make natural resource funds work for citizens”
- Blog posts:
- NRGI, Six Reasons Why Sovereign Wealth Funds Should Not
Invest or Spend at Home. - IMF Public Financial Management Blog, The $3.5 Trillion Question: Why governments establish sovereign wealth funds... and are they working? 2014.
- IMF Public Financial Management Blog, Sovereign Wealth Funds - The Keys to Success, 2014.
- NRGI, Why Weren't Governments Better Prepared for the Commodity Price Crash? 2015.
Module 10: Investing in sustainable development: Economic linkages to the extractives sector
- Perrine Toledano, Olle Östensson and Kaitlin Y. Cordes, “Parsing the myth and reality of employment creation through resource investments,” Columbia FDI Perspectives No. 213 (2017) [4 pages]
- “Handbook On Measuring Employment from Extractive Industry Investments,” Columbia Center on Sustainable Investment (2017) [16 pages]
- Aaron Cosbey, et al, “Mining a Mirage? Reassessing the shared-value paradigm in light of the technological advances in the mining sector,” International Institute for Sustainable Development. [Executive Summary, pages iv-x]
- Aaron Cosbey, Isabelle Ramdoo, “IGF Guidance for Governments: Local content policies,” International Institute for Sustainable Development (2018) [109 pages]
- “IGF Guidance for Governments: Local content policy case studies” (2018)
- Esteves, Ana Maria et al. Local Content Policies in the Oil and Gas Sector, October 2012, pp. 73-90, 146-155. [26 pages]
- International Finance Corporation (IFC). A Guide to Getting Started in Local Procurement. [55 pages]
- African Center for Economic Transformation. African Transformation Report 2014: Growth with depth, pp. 142-145. [4 pages]
- Bond, James. Downstream processing in developing countries: Opportunity or mirage, Columbia FDI Perspectives, Vale Columbia Center on Sustainable Investment. [3 pages]
- NRGI. Local Content Initiatives: Enhancing the substantial benefits of the oil, gas and mining sectors, July 2013, pp. 2-14. [12 pages]
- CCSI, Local Content Laws & Contractual Provisions
- Columbia Center on Sustainable Investment, “Linkages to the Resource Sector: The Role of Companies, Governments, and International Development Cooperation,” (2016)
Module 11: Investing in sustainable development: Looking beyond extractives
- Toledano, Perrine et al. CCSI. A Framework Approach to Shared Use of Mining-Related Infrastructure, January 2014, pp.6-9, pp.72-88. [20 pages]
- Columbia Center on Sustainable Investment. The Shared Use of Mining-Related Infrastructure. March 2014:
Module 12: Cross-cutting considerations and looking ahead