As a result, it has become imperative that foreign investment in the mining sector promote sustainable development while equitably protecting the interests of host governments, mining communities and investors. However, many developing countries have not developed mining codes to address these issues. The MMDA will take the form of a publicly available web product, including several alternative clauses for important contractual points, as well as comments explaining the use of alternative clauses to be adaptable and relevant to a wide range of scenarios that mining companies and host governments face when negotiating any new mining agreement. Therefore, there are no plans to be a fixed political document or to impose a particular point of view. The MMDA project recognizes the fundamental role that foreign investment in the mining sector plays in the growth of many developing countries and, therefore, in improving living standards in the mining industry or in the vicinity of mining communities. Host governments have developed strong views on the role that mining companies should play in the sustainable development of mining communities in order to counter the growing opposition of these communities to mining operations that are of little use to them. In addition, anti-corruption legislation is more widespread, both under the law of many developing countries2 and international law 2. This has led to a call from international organizations, non-governmental organizations and civil society for greater transparency in international resource extraction agreements4. negotiating the agreements. To some extent, the comments also suggest that negotiating effective mining development agreements is a very complex task that requires multidisciplinary assistance from accountants, tax experts, mining lawyers, geologists and perhaps others. Some developing countries find it difficult to form such negotiating teams and there is a sense that they are therefore at a disadvantage in the negotiations, regardless of the content of the proposed clauses, forms or models.
IISD In October 2009, at its annual meeting in Madrid, the International Bar Association`s Mining Law Committee launched a project to develop a model mining development agreement (MMDA). The MMDA was designed to provide another starting point for the negotiation of mining contracts between host governments and mining companies, which […] The working group then created a confidential database containing agreements that could be drawn up during the development process and then deconstructed those agreements to identify provisions that, for each specific subject, constitute viable practical alternatives. The review of the provisions of the MMDA will take place, as legitimate concerns and ideas will be expressed as part of the consultation process.