Federal Encouragement of Mining Investment in Developing Countries Has Been Only Marginally Effective
ID-82-38
Published: Sep 03, 1982. Publicly Released: Sep 03, 1982.
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Highlights
To assist Congress and Federal agencies in formulating and implementing a strategic minerals policy, GAO assessed the Government's efforts to encourage mining investment in developing countries as one method of assuring that long-term supplies of strategic and critical minerals will be available for domestic industry and defense.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Department of the Interior | The Secretary of the Interior, as Chairman pro tem of the Cabinet Council on Natural Resources and Environment, should require that acquisition initiatives be based on a clear demonstration of individual minerals needs. |
Closed – Not Implemented
Because GAO does not have any specific suggestions to clarify its general position, it does not believe that it would be useful to carry this as an open recommendation.
|
| Department of the Interior | The Secretary of the Interior, as Chairman pro tem of the Cabinet Council on Natural Resources and Environment, should clarify the roles that the Overseas Investment Corporation's minerals and energy program, U.S. support for the multilateral development bank programs and the United Nations Revolving Fund for Natural Resources Exploration, and the Export-Import Bank are to play in securing strategic and critical minerals supplies. |
Closed – Not Implemented
Recognition of the GAO position constitutes acceptance; there is no need to continue to carry this recommendation as open.
|
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Topics
Developing countriesInternational economic relationsInvestment planningInvestments abroadMineral resourcesMiningPolicy evaluationProgram managementRevolving fundsStrategic materials