This book takes a fresh approach to the puzzle of sub-Saharan Africa's resource curse. Moving beyond current scholarship's state-centric approach, it presents cutting-edge evidence gathered through interviews with mining company executives and industry representatives to demonstrate that firms are actively controlling the regulation of the gold mining sector. It shows how large mining firms with significant private authority in South Africa, Ghana and Tanzania are able to engender rules and regulations that are acknowledged by other actors, and in some cases even adopted by the state. In doing so, it establishes that firms are co-governing Africa's gold mining sector. By exploring the implications for resource-cursed states, this significant work argues that firm-led regulation can improve governance, but that many of these initiatives fail to address country/mine specific issues where there remains a role for the state in ensuring the benefits of mining flow to local communities. It will appeal to economists, political scientists, and policy-makers and practitioners working in the field of mining and extractives.
Ainsley Elbra is a Lecturer at the University of Sydney, Australia. Prior to commencing her academic career she was a corporate banker with one of Australia's largest financial institutions.
Chapter 1. Introduction.- Chapter 2. Theoretical Explanations for Firm-Led Governance.- Chapter 3. A History of Gold Mining in South Africa, Ghana and Tanzania.- Chapter 4. Private Governance in the Gold Mining Sector.- Chapter 5. Firms' Rationales: Public Reporting.- Chapter 6. The Discursive Power of Firms.- Chapter 7. Private Governance as a Solution to the Resource Curse.- Appendix A.- Appendix B.- Appendix C.