Currently viewing Global edition

The global anti-mining backlash

Hochschild’s shares have staged a partial recovery in London after the left-wing Peruvian government backtracked over a threat to close two of its cornerstone mines in the south of the country. But the Hochschild affair is just the tip of the iceberg: around the world, investors are digesting the sharp elevation of risk linked to a fresh wave of resource nationalism from Kinshasa to Lima.

The global anti-mining backlash The global anti-mining backlash The global anti-mining backlash The global anti-mining backlash The global anti-mining backlash

Against that backdrop, no wonder Hochschild's shares have made only a stuttering advance from the lows of a week ago, although macro factors are also at play.