Mineral Fund and Regional Sustainable Development: Case Study of Bombana Regency, Southeast Sulawesi Province

Mineral fund policy is a new paradigm in the sustainable mining practice management. The policy is a part of critics for management failure of mining resource revenue in given prosperity and sustainable environment. Furthermore, the existance of the policy, many countries have been successful in managing their resources and avoid their countries from resource curse syndrome and dutch diseases. Thereof, this research aimed (1) determine estimation of natural resources depreciation as a result of gold mining practice management; and (2) to build mineral fund management scenario in supporting regional sustainable development. Data collecting method was conducted by the focus group discussion (FGD) in world café format. Analyzing data consisted of (i) the estimating natural resources depletion divided in two categories: first, gold mining depletion using economic rent or it can be called as net price and second, total economic value (TEV) through market approach namely that is based on local market price and consumer willingness to pay (WTP); (ii) the mineral fund management scenario in supporting local sustainable development is able to use dynamic system approach. The research results show that: (i) gold mining activities are able to create depletion of natural resources both direct and indirect benefits to the economic; and (ii) the best scenario in consummating the development of mineral fund policy to support sustainable development is optimistic scenario by allocating gold mining fund in two kinds, the mineral fund and its rent value as many as five percent, respectively. Of the amout money, thirty percent is allocated to drive local economic activities and seventy percent is allocated to the environmental aspects that can boost the increasing of environmental parameters and to reduce poverty level in Bombana District, Southeast Sulawesi Province.