In order to ensure that a minerals and/or petroleum industry is able to provide prosperity to the peoples of a developing nation, the goal of the governance and regulation system should be to develop and maintain a sustainable and well governed mining sector that effectively garners and deploys resource rents and that is safe, healthy, gender and ethnically inclusive, environmentally friendly, socially responsible and appreciated by surrounding communities.

The establishment and maintenance of such mechanisms of governance is a significant and necessary task for developing nations.