Add a new layer of intelligence to your investment decisions
Publication of the Mining Journal World Risk Report (feat.MineHutte ratings) is the culmination of more than 18 month’s work from concept to commitment to planning and, now, delivery. It is also the natural evolution of the ResourceStocks World Risk Survey – launched some 25 years ago – into a sophisticated product, more in keeping with the Mining Journal brand.
The report includes our Investment Risk Index, which is a robust system for rating jurisdictions across multiple metrics covering the Legal, Governance, Social, Fiscal and Infrastructure risk baskets. It is weighted toward hard, established risk-related indices but also includes perceived risk, which comes from the findings of a refocused World Risk Survey (weighting: 80/20). By rooting the system in hard numbers, we have produced ratings more resilient to manipulation, bias and large, year-on-year swings than would be possible using a purely survey-driven system.
The Investment Risk Index presents more than 3,600 aggregated and created data points across 85 jurisdictions. Some 17,000 words of analysis and discussion, along with almost 5,000 words of thought leadership script have been compiled around that data. The General Risk section of the greater report covers geographically indiscriminate Business and Operating risks and carries its only set of unique data accompanied by some 7,000 words of commentary.
“The overwhelming conclusion from this research is North America, and Canada specifically, is the safest place to invest resources capital,” Chris Cann, head of Aspermont’s recently launched and dedicated research unit, Aspermont Research & Intelligence, said.
INSIDE THIS REPORT
INVESTMENT RISK INDEX
i. Investment Risk Index: Methodology & Inputs
ii. Investment Risk Index: Summary Charts - Hard Risk, Perceived Risk and Risk Index
iii. Investment Risk Index: Analysis & Discussion
iv. Legal Risk Charts: Hard Risk, Perceived Risk and Risk Index
v. Legal Leader
vi. Legal Analysis
vii. Legal Discussion: Making the right noises
viii. Governance Leader: The need for 'Google-isation'
ix. Governance Risk Charts: Hard Risk, Perceived Risk and Risk Index
x. Governance Analysis
xi. Governance Discussion: Corruption simply doesn't work
xii. Social Leader: CSR no longer an afterthought
xiii. Social Risk Charts: Hard Risk, Perceived Risk and Risk Index
xiv. Social Analysis
xv. Social Discussion: Focus and understanding keys
xvi. Fiscal Leader: Paying more to pay less
xvii. Fiscal Risk Charts: Hard Risk, Perceived Risk and Risk Index
xviii. Fiscal Analysis
xxiv. Fiscal Discussion: Different strokes
xxv. Infrastructure Leader
xxvi. Infrastructure Risk Charts: Hard Risk, Perceived Risk and Risk Index
xxvii. Infrastructure Analysis
xxviii. Infrastructure Discussion: Getting ahead by getting started
COUNTRY INVESTMENT PROFILES
GENERAL RISK PERCEPTION
i. Introduction and Methodology
ii. Business Risk Leader: Unique business, unique risks
iii. Business Risk Analysis
iv. Business Discussion: Risk on the rise
v. Operating Risk Leader: A commitment too far?
vi. Operating Risk Analysis
vii. Operating Risk Discussion: Top-down approach needed
Risk management has always been one of the fundamental considerations for mining companies01 NOVEMBER 2017
The ability to identify, acknowledge and manage risks is paramount for today's miner
The ability to identify, acknowledge and manage risks is paramount for today's miner01 NOVEMBER 2017
Summary: Hard risk ratings, Perceived risk ratings and Investment Risk Index charts.
An in-depth analysis and discussion of the Investment Risk Index results
A well thought-out and prepared mining code is crucial for country to attract mining investment
Legal: Hard risk ratings, Perceived risk ratings and Investment Risk Index charts.
The Legal hard-risk score is made up entirely of the MineHutte Regulatory Risk Ratings
Miners should be heartened by the evolution of industry legislation
Relationships among company, government and community are equally in need of modernisation
Governance Hard Risk Ratings, Governance Perceived Risk Ratings and Governance Investment Risk Index...
Multiple factors combine to build good governance
Many of the more sophisticated executives are taking on a more responsible approach to CSR
Social Hard risk ratings, Perceived risk ratings and Investment Risk Index charts.
The Social hard risk score is made up of three separate metrics, each weighted equally
When someone mentions risk, social risk is probably what springs to mind for many mining executives
The old maxim of 'pay as little tax as possible' may still ring loud but is simply the wrong song
Fiscal Hard risk ratings, Perceived risk ratings and Investment Risk Index charts.
The global fiscal landscape for the mining industry has highly diverse structures
Mining and logistics infrastructure can represent a large percentage of project expenditure
Infrastructure Hard risk ratings, Perceived risk ratings and Investment Risk Index charts.
Since the commodity cycle peak, the discussion around infrastructure has changed.
The survey received 678 responses from resource companies services firms across the globle.01 NOVEMBER 2017
Accepted wisdom for the rest of the market somehow does apply to mining
We calculated the biggest risk out of those presented by assigning a numerical value to responses th...
The World Risk Survey results produced one number beyond question.
Compliance obligations can number in the hundreds, even thousands
The battle for the biggest operating risk for miners was tight
Unsurprisingly, social and environmental issues dominate the top of operating risk list
A massive island with deepwater ports all around - what's not to like?01 NOVEMBER 2017
Miners have literally just scraped the surface of Finland's mineral potential