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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. . Challenges Ahead.

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

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  1. 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.

  2. 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

  3. 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).

  4. Geodata

  5. 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

  6. Good Fit Policy, Legislation, Regulations

  7. 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

  8. The Sectoral Gaps in Afghanistan

  9. The Enabling Investment Climate: Address Gaps and Build Adsorptive Capacity

  10. The Enabling Investment Climate: Address Gaps and Build Adsorptive Capacity

  11. The Enabling Investment Climate: Address Gaps and Build Adsorptive Capacity

  12. The Enabling Investment Climate: Address Gaps and Build Adsorptive Capacity

  13. View Sector Investments within Integrated Corridors Amu Darya Basin(2011) Dushi Gold (2010) Hajigak Iron Ore (2011) Aynak Copper (2010)

  14. 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

  15. 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

  16. Thank You Michael Stanley, Mining Lead World Bank Group Washington, D.C. mstanley@worldbank.org

  17. 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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