Jump to navigation

Vol 51 No 19

Published 24th September 2010


The bonus culture

Payments by oil and mineral companies to ensure that governments sign on the dotted line are not always what they seem

New or renewed deals to explore for or produce minerals must be licensed by governments. When deals are signed, companies expect to hand over a bonus or other upfront payment to show they are serious. Sometimes, such payments are legitimate contributions towards infrastructure or training programmes. Sometimes, they go into the coffers of a ruling party or the pockets of rulers. It is not always easy to tell which is which.

End of preview - This article contains approximately 1885 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.