Regulatory uncertainty mars Colombian mining outlook

2015 ◽  
Keyword(s):  
Commodity Prices ◽  
Poor Performance ◽  
Regulatory Environment ◽  
Mining Operations ◽  
Mining Sector ◽  
Content Type ◽  
Illegal Mining ◽  
Regulatory Uncertainty ◽  
Mining Projects ◽  
Exploration Activity

Subject The outlook for the mining sector. Significance Mining firms operating in Colombia have expressed increasing concern over the lack of clarity in legislation governing extractive activity in the country. Difficulties in navigating the complex regulatory environment, and the unclear direction of future reform, have served to increase risks for those planning substantial investments in mining projects. Coupled with lower global commodity prices, the confused state of legislation is encouraging extractive firms to delay or scale back their investments. Impacts Poor performance of the mining sector is likely to have negative implications for overall economic growth. The reduction in exploration activity could jeopardise mining performance for several years, by reducing the pipeline of new projects. Reduced formal exploitation increases the risk of invasions by environmentally unsound informal and illegal mining operations.

Risk management for a tailings re-mining project in Ghana

2015 ◽  
Vol 8 (2) ◽  
pp. 241-255 ◽  
Author(s):  
Samuel Famiyeh ◽  
Ebenezer Adaku ◽  
Laud Kissi-Mensah ◽  
Charles Teye Amoatey
Keyword(s):  
Risk Management ◽  
Environmental Protection Agency ◽  
Single Case ◽  
Treatment Options ◽  
Mining Operations ◽  
Mining Sector ◽  
Content Type ◽  
Illegal Mining ◽  
Mining Project ◽  
Mining Projects

Purpose – Proper risk management is a critical requirement for the success of every project. This is, to a large extent, due to the role risk plays in determining project outcomes. The mining sector usually is linked with high environmental, social and economic risks. Hence, the process of systematic risk management applied to a single case study of a tailings re-mining project in Ghana holds the potential for invaluable insights on risk management in the mining sector. The paper aims to discuss these issues. Design/methodology/approach – Mining organization experts were asked to identify project risks, and 50 staff from the organization were invited to make subjective assessments of the probability of occurrence and consequences for each of 15 identified risks. From this assessment, a risk severity matrix was developed. Findings – The findings show that the most severe risks for a tailings re-mining project include spillage caused by leakage from pipes; vandalism by illegal mining operators; late deliveries of mining materials; the effect of rainfall; and failure to gain project approval from the Environmental Protection Agency. Risk treatment options are suggested for these risks. Research limitations/implications – The study is limited to only the risk issues associated with tailings re-mining projects. Practical implications – Practically, this study highlights for mining companies and operators, the critical risks factors that militate against successful tailings re-mining projects. Social implications – This study, essentially, reveals the threat of illegal mining operations to such an important project and hence the need for strong security to avoid such threats. Originality/value – This study contributes to the debate on the risk factors that affect tailings re-mining, especially, from a developing country’s point of view.

Risk assessment of mining projects in Ghana

2017 ◽  
Vol 23 (1) ◽  
pp. 22-38 ◽  
Author(s):  
Charles Teye Amoatey ◽  
Samuel Famiyeh ◽  
Peter Andoh
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Academic Research ◽  
Mining Industry ◽  
Commodity Prices ◽  
Mitigation Measures ◽  
Content Type ◽  
Management Culture ◽  
Mining Project ◽  
Mining Projects

Purpose The purpose of this paper is to assess the critical risk factors affecting mining projects in Ghana. Design/methodology/approach A purposive sampling approach was used in selecting the respondents for the study. These were practitioners working on mining projects in Ghana. Findings The study identified 22 risk factors contributing to mining project failure in Ghana. The five most critical mining project risk factors based on both probability of occurrence and impact were unstable commodity prices, inflation/exchange rate, land degradation, high cost of living and government bureaucracy for obtaining licenses. Mitigation measures for addressing the identified risk factors were identified. Research limitations/implications This paper is limited to data collected from practitioners working on mining projects. Due to geographic and logistical constraints, the study did not include the perception of local communities in quantifying the risk factors. Practical implications This paper has documented the critical risk factor affecting the mining industry in Ghana. Though the identified risk types are also prevalent in other sectors of the construction industry, the key findings of this paper emphasize the need for a comprehensive risk management culture in the mining sector. From an academic research perspective, the paper contributes to a conceptual risk assessment framework. Originality/value The information gathered through this research can be utilized in identifying and understanding risks during the early stages of mining project implementation.

Mining optimism may not be fulfilled in Peru

2017 ◽  
Keyword(s):  
Climate Change ◽  
Foreign Investment ◽  
Mining Industry ◽  
Water Shortage ◽  
Mining Operations ◽  
Mining Sector ◽  
Content Type ◽  
Price Increases ◽  
Mining Investment ◽  
The Government

Subject Outlook for the mining sector. Significance Encouraged by this year’s price increases for most of Peru’s mineral exports, the government is seeking to push ahead with plans to attract much-needed foreign investment into the mining industry. This will involve politically contentious moves to deregulate some of the cumbersome procedures that affect investors. Impacts Next year’s growth target of 4% is probably over-optimistic. Social and environmental protests will add to the costs of mining investment in Peru. Once opposition has emerged to projects, it will prove difficult to reverse. Climate change will accentuate problems of water shortage for mining operations.

Namibian mining boost to prompt growth return

2017 ◽  
Keyword(s):  
Budget Deficit ◽  
Commodity Prices ◽  
Economic Environment ◽  
Local Ownership ◽  
Mining Sector ◽  
Content Type ◽  
Production Models ◽  
Run Up

Significance The prospects for the mining sector in 2017 will be significantly shaped by uranium prices. Despite a difficult macro-economic environment, Namibia is positioning itself to take advantage of a potential rebound in commodity prices. While several projects are on hold and existing mines continue to limit production at current prices, the Swakop Uranium-owned Husab mine is set to make Namibia the world's third-largest uranium producer. Impacts Increased mineral exports will reduce a 294-million-dollar budget deficit. Unemployment should fall, although mining's contribution will be limited due to prevailing production models. Debates on local-ownership requirements are likely to become more polarised in the run-up to SWAPO’s elective congress later this year.

Liberia’s Weah will face stiff re-election battle

2021 ◽  
Keyword(s):  
Political Parties ◽  
Poor Performance ◽  
Public Trust ◽  
Mining Sector ◽  
Content Type ◽  
Preliminary Results ◽  
Public Revenues

Significance While the opposition Collaborating Political Parties (CPP) alliance won seven of the 15 senate seats on offer, compared to three for the CDC, preliminary results of the referendum show over 60% of votes were invalid, suggesting deliberate ballot spoiling by disaffected voters. Impacts Weah is increasingly unlikely to secure a second term unless he regains public trust and oversees an improving economy. Poor performance in the non-mining sector will continue to undermine public revenues. Rising public discontent will drive intermittent street protests.

Commodity price rises could boost Peru growth outlook

2016 ◽  
Keyword(s):  
Mining Industry ◽  
Commodity Prices ◽  
Commodity Price ◽  
Domestic Demand ◽  
Direct Impact ◽  
Content Type ◽  
Moderate Improvement ◽  
Growth Prospects ◽  
Mining Projects

Significance The Peruvian economy appears to be benefiting not just from increased mining production but also from a moderate improvement in commodity prices. If sustained, these will feed into improved growth prospects this year and next. Domestic demand, however, is in the doldrums. Impacts The Peruvian economy is becoming ever more dependent on the mining industry. Highly capitalised, this has a very limited direct impact on employment. Difficulties in achieving a 'social licence' will continue to pose problems for new mining projects.

Environmental and social impacts identification for small-scale alluvial mining projects

2020 ◽  
Vol 31 (3) ◽  
pp. 564-585
Author(s):  
Samuel Famiyeh ◽  
Amoako Kwarteng ◽  
Disraeli Asante Darko ◽  
Vivian Osei
Keyword(s):  
Social Impacts ◽  
Small Scale ◽  
Mining Activities ◽  
Mining Operations ◽  
Content Type ◽  
Washing Process ◽  
Alluvial Gold ◽  
Mining Projects ◽  
Using Data ◽  
Practical Implications

PurposeThe purpose of the work is to use a systematic process to identify the environmental and social impacts of small-scale alluvial gold mining projects using data from Ghana.Design/methodology/approachIn this work, we used survey data collected from experts in the mining sector. This was followed by the use of a risk analysis approach to identify the significant and non-significant environmental and social impacts.FindingsSeven key impacts associated with typical alluvial mining operations were identified. The first two are the loss of vegetation and the issue of airborne diseases from dust as a result of vegetation losses during the clearing of vegetation in the block out area. The third and fourth issues were loss of vegetation and airborne diseases as a result of vegetation losses during the removal of overburden. The fifth, sixth and seventh, most significant issues identified were the pollution from smoke fumes from the processing machines; and wastewater from the washing process. The last issue of significance was the dust pollution from the transportation of the washed gravel back to the mined pit.Research limitations/implicationsOne main limitation is that the data for this study were collected from Ghana.Practical implicationsThe results indicate the need for proper and systematic measures to identify the environmental and social impacts of mining activities.Originality/valueThe work provides some insights into the strategies of identifying environmental and social impacts of mining activities. It is also one of the key works that systematically identify environmental and social impacts of small-scale alluvial gold projects.

scholarly journals COVID-19 and the Global Mining Industry

SEG Discovery ◽  
2020 ◽  
pp. 33-41
Author(s):  
Simon M. Jowitt
Keyword(s):  
Supply Chains ◽  
Supply And Demand ◽  
Mining Industry ◽  
Commodity Prices ◽  
Mining Operations ◽  
Mining Sector ◽  
Supply Chain Disruptions ◽  
Demand Growth ◽  
Global Nature ◽  
The Impact

Abstract The world is currently experiencing a rapid and deep economic slowdown as a result of COVID-19 mitigation efforts. The depth and global nature of this recession, which could turn into a depression, suggests that this pandemic will significantly affect the demand for metals and the global mining sector. The majority of governments consider mining to be essential, meaning that the effect of mitigation on the mining industry and on metal production has been minimal to date. However, increases in metal stocks and decreases in metal prices suggest that the mining industry will be negatively affected by the COVID-19 crisis, at least in the short term. This paper presents an overview of the effects of COVID-19 mitigation on the mining sector to date. That includes variations in metal and commodity prices and stocks during the crisis and the outlining of two possible scenarios for COVID-19 related impacts. The first involves persistent supply-chain disruptions, where metal supply is restricted by logistical or COVID-19–related mitigation impacts on intermediates such as smelters and refiners. This restriction of supply could cause higher metal prices but also could cause issues with demand for ores and concentrates that negatively affect individual mining operations. More likely is a second slower demand growth scenario in which a global decrease in demand for metals causes further lowering of metal prices with associated negative economic impacts on mining operations. However, further research into global metal supply chains and the impact of the COVID-19 crisis on individual metals is needed. Key remaining unknowns include the influence of mitigation efforts on global metal supply and demand, the effect of these efforts on metal prices, and the geography of supply chains.

scholarly journals Stock returns, oil prices and leverage: evidence from US firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Md Ruhul Amin ◽  
Andre Varella Mollick
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Commodity Prices ◽  
Oil Prices ◽  
Fixed Effect ◽  
Debt Maturity ◽  
Oil Price ◽  
Mining Sector ◽  
Content Type ◽  
Positive Effects

PurposeThis paper aims to investigate how the relation between stock returns of US firms and West Texas Intermediate (WTI) oil prices is affected by leverage from 1990 to 2020.Design/methodology/approachThis paper examines how the relationship between stock returns of US firms and WTI oil prices is affected by leverage from 1990 to 2020 using a fixed-effect model estimation framework.FindingsResults from the fixed-effect regression models suggest that leverage effects on stock returns are pervasive both in aggregate and cross-industry levels, while the mining industry is more sensitive. In addition to the positive oil price effects attenuated by leverage at the aggregate level, the authors observe stronger marginal effects of leverage only for the mining sector. Being more exposed to commodity prices, the positive effects of oil prices on stock returns in the mining sector are offset by large debt ratios. Asymmetries, effects of debt maturity structure and implications are also discussed.Research limitations/implicationsThis study is grounded on the contemporary cash flow claim of leverage NOT on the long-run effect of leverage considering cash flow constraints. The oil price increase is assumed to represent an advancement of the overall economy. This study does not capture the oil prices response to some other economic forces and vice-versa.Practical implicationsMining companies should therefore reduce the stock of debt with respect to their assets to make possible the “pass-through” from oil prices to the stock market.Originality/valuePreviously undocumented and the authors show that leverage reduces the total effect of oil prices on stock returns, consistent with the hypothesis. Asymmetric and debt maturity structures effects are also discussed.

Mining roadblocks stifle Guinea post-Ebola recovery

2015 ◽  
Keyword(s):  
Local Development ◽  
Commodity Prices ◽  
Malaria Diagnosis ◽  
Diagnosis And Treatment ◽  
Mining Sector ◽  
Sector Reform ◽  
Content Type ◽  
Group Violence ◽  
State Participation ◽  
United Front

Subject Outlook for the mining sector in Guinea. Significance Ahead of presidential polls in October and amid predictions that the economy will contract by 0.3% this year, President Alpha Conde is prioritising mining sector reform. Through greater state participation, he hopes to secure local development benefits. However, the sector remains frustrated by inadequate infrastructure, low commodity prices and investor unease, recently exacerbated by the Ebola crisis. Impacts Popular avoidance of clinics over Ebola-linked fears will undermine malaria diagnosis and treatment, driving up fatalities. The likely tie-up between Camara, Diallo and Sidya Toure could create a united front against Conde, posing a real electoral threat. However, Camara's indictment for a 2009 massacre, issued on July 8, could complicate his ability to campaign on the ground. Mobilisation along ethnic lines could escalate rhetoric ahead of polls, raising the risk of inter-group violence.

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