Traders are waiting for Iran’s response to a nuclear deal proposal that could raise the country’s exports
There’s no need for fancy large-scale equipment or out of town contractors
Some in the industry believe a ban on the export of scrap will mean a more competitive steel industry, with lower prices passed on to consumers
Voting for the top five positions of the provincial leadership continued late into Sunday evening
Nevertheless, the bank says it has ‘an exceptional amount of capital’ on its balance sheet to withstand a potentially tougher economic climate
An employee at the Kruger National Park opened a case at the Skukuza police station in Mpumalanga
Four electoral commissioners disown result and shots fired as Odinga supporters storm podium
Skipper Kolisi says they would have loved momentum ‘but we can’t let our heads drop for long’
Porsche Taycan Turbo S laps the famous German circuit in seven minutes and 33 seconds
The operation of a mine in a foreign country is one of the most complex and risk fraught activities that an investor can become involved in. From long-range projections to super cycles and crashes in mineral prices, to the dizzyingly complex credit arrangements and compliance with local licensing, labour and tax laws, mining is not for the faint of heart.
And then, on top of it all, there is the near-constant threat that competitors and state powers want to seize part or all of your investment.
In the not-so-distant past, these interventions were often unsubtle. Expropriations or nationalisations were done on the basis of little warning or explanation, local executives could be thrown in jail or expelled, while licences could be revoked through brazenly corrupt administrative measures.
Now, thanks to conventions and bilateral investment treaties, states have softened their approach — but the constant risk of new leaders promising to deliver a larger share of the mineral wealth, whet...
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