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by sofixa 1 day ago
> Same goes for any natural resource

No, in most cases the contract stipulates profit/revenue sharing. E.g. Orano's uranium mines in Niger had 50% of all revenues going to the Nigerien government. In other cases it's much lower (e.g. Dundee Precious Metals in Bulgaria pay 10% of profits to the state).

1 comments

Imagine thinking you can build an all inclusive resort or other 8fig+ development in a foreign backwater and NOT kick back revenues to the local mafia. Couldn’t be me. Good luck with that

Even Zuckerberg paid in an extra 10% ($20 million)over and above his land costs to fund affordable housing, conservation and a jobs program in Kauai to get the deal done