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<p>[QUOTE=&quot;Collector1966, post: 1277468, member: 17919&quot;]Those countries usually don&#039;t enter into mining treaties, they enter into contracts. For example, a former Soviet republic which is seeking to build up foreign currency reserves hires an outside consultant to identify deposits. Then that country might start a tender process to solicit offers from outside mining companies if there are no domestic companies that can develop the deposit, or maybe start a joint venture with an outside company, with various conditions attached. Usually, the contract states that the foreign JV company must hire X number of local employees, start to develop the mineral within X number of years, keep the mine open for at least X number of years, pay X% in royalties to the national government and possibly the local owner of the concession/property, provide X amount of ore to local smelters, and so on.[/QUOTE]</p><p><br /></p>

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