The Gold Report has an exclusive interview with Carlos Andres chief analyst and managing editor of the Frontier Research Report and the Global Resource Investor that goes into rather gritty detail on risk assessment in the mining sector. If this is your thing, I would recommend reading the entire interview, but following are the bits that grabbed me the most.
Carlos Andres: Now is one of those times where perceived risk is moving close to actual risk. It’s narrowed, even in some of my favorite jurisdictions, like Peru, which is a mining powerhouse and is No. 2 in the world in copper, No. 2 in silver and No. 6 in gold. Nevertheless, it’s experiencing some problems with local unrest to the point where it’s receiving international attention. It’s brought a cloud over Newmont Mining Corp.’s Minas Conga project, which has the green light from government but is moving very slowly in the face of local opposition.
“Despite Mexican government statistics adding up to more than 110,000 murders during Calderón’s term, the international press continues to report estimates of the death toll in Mexico ranging from 50,000 to ‘more than 60,000.’ This feat puts magical realism in the shade. The press also parrots the Mexican government’s claim that 90 percent of the victims are criminals killed by other criminals. From my daily reading of crime reports from Juárez — the city still at the epicenter of the violence — it is evident that the majority of the 10,800-plus murder victims there since 2007 are ordinary people, and most of them are poor: small-business owners who cannot pay extortion demands, mechanics, bus drivers, prostitutes, addicts, boys selling newspapers, a pregnant woman washing cars on the street. This city of only 1.2 million accounts for 10 percent of all of Mexico’s murder victims since 2007.” — Phoenix New Times
Stages of grief when dealing with Brazilian bureaucracy — Rio Gringa
Will the Dutch Disease Kill Hopes Raised by Colombia’s Free Trade Agreement? — Ed Dolan at Economonitor