The return of resource nationalism?

- "Australia’s mining tax tornado has raised a number of questions about the
direction of mining regimes worldwide, the possible return of resource nationalism and the power of the mining giants to respond to sovereign risk. These risks put enormous stress on the success or failure of mineral exploration and development, not least because the profitability of any given present or planned mining operation is affected but also because credit facilities in the first instance will be that much harder to obtain. Australia’s recent mining tax fiasco is a case in point."
ABNAmro Metals Monthly July2010

No comments:

Post a Comment