President will try to fracture Congolese opposition

2017 ◽  
Keyword(s):  
Commodity Prices ◽  
Mining Sector ◽  
Content Type ◽  
Leader Following ◽  
Political Figure

Significance On March 3 the main opposition bloc in the DRC, Le Rassemblement (or the Rally), announced that Tshisekedi, whose UDPS is one of the central groups comprising the Rally, had taken over as leader following the death of his father and former leader Etienne Tshisekedi. Although a known political figure, Felix lacks both the experience and political savvy of his late father. Under his leadership, the opposition may fracture as politicians work towards implementing a fragile political accord agreed to at the start of the year. Impacts Western states will condemn any attempt by Kabila to change the constitution. Developments in the mining sector and rising commodity prices will improve Kinshasa’s fiscal position. Restive eastern regions will witness an escalation in conflict until elections are held.

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.

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.

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 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.

Critical minerals demand will boost Canadian mining

2021 ◽  
Keyword(s):  
Supply Chain ◽  
Rare Earth ◽  
Electric Vehicle ◽  
Carbon Emissions ◽  
High Performance ◽  
Commodity Prices ◽  
Alternative Source ◽  
Content Type ◽  
The Us ◽  
Critical Minerals

Significance Although low commodity prices deterred investment in recent years, this is changing as the market rallies. The creation of a regional electric vehicle (EV) supply chain straddling the Canada-US border has the potential to transform the Canadian mining sector while loosening China’s grip on the minerals used in high-performance batteries. Impacts Canada is the world’s eighth-largest cobalt producer and has significant copper, graphite and rare earth deposits. Fortune Minerals, which is developing a cobalt mine in Northwest Territories, has held funding talks with the US Export/Import Bank. First Cobalt is building North America’s only cobalt refinery to give battery makers an alternative source to the DRC. Several of the country’s mines are using cutting-edge technologies to reduce their carbon emissions.

Nigerian Pentacostalism may see more fragmentation

2021 ◽  
Keyword(s):  
Vice President ◽  
Court Decision ◽  
Senior Pastor ◽  
Content Type ◽  
Political Roles ◽  
Church Governance ◽  
Political Figure

Significance A September court decision allowed Joshua’s widow, Evelyn, finally to succeed him as senior pastor. SCOAN and other mega-churches play key political roles in Nigeria and their pastors are important powerbrokers. Their influence also extends over much of the continent. Impacts Evelyn Joshua will become an influential political figure, even if initially less prominent than her husband. Vice-President Yemi Osinbajo will look to use his Pentecostal roots to boost his chances for the presidency in 2023. Government authorities and politicians may look to interfere more directly with Pentecostal church governance.

Trade will not drive Latin America recovery this year

2021 ◽  
Keyword(s):  
Latin America ◽  
Regional Integration ◽  
Hospitality Industry ◽  
Commodity Prices ◽  
The Other ◽  
Economic Recovery ◽  
Value Chains ◽  
Economic Nationalism ◽  
Content Type ◽  
Digital Skills

Significance These include a reorganisation of global value chains, an increase in intraregional trade in the other regions and a resurgence of economic nationalism. The report urges increased regional integration as the key to a sustainable and inclusive post-pandemic economic recovery. Impacts Despite higher commodity prices, LAC’s exports are unlikely to recover their pre-pandemic level before 2022. Digital skills will become increasingly more important for LAC’s growth and how its benefits are distributed. The pandemic’s impact on tourism and the hospitality industry suggests a disproportionate effect on women’s employment.

Financial integration, global liquidity and global macroeconomic linkages

2016 ◽  
Vol 43 (1) ◽  
pp. 16-26 ◽  
Author(s):  
Ansgar Belke ◽  
Jonas Keil
Keyword(s):  
Financial Integration ◽  
Positive Impact ◽  
Commodity Prices ◽  
Global Perspective ◽  
Empirical Literature ◽  
Unified Framework ◽  
Financial Flows ◽  
Content Type ◽  
Macroeconomic Variables ◽  
Global Liquidity

Purpose – The purpose of this paper is to analyse the effect of financial integration on several macroeconomic variables from a global perspective. Design/methodology/approach – The authors apply a cointegrated vector autoregression model using quarterly data for 1980-2009. Analysing the interactions of globally aggregated measures capturing cross-border financial transactions, monetary liquidity, output, consumer and commodity prices, the authors focus on the dissection of short-run and long-run dynamics. Findings – The authors find that increasing financial integration has a positive impact driving GDP. The authors also find evidence of two-way causality between commodity prices and financial flows. The results suggest that commodity prices are driven by financial integration and the gap between the dynamics of commodity prices and financial flows is closed by global liquidity injected by central banks. Originality/value – The paper contributes to the empirical literature by analysing the overall impact of global financial integration and of global liquidity on global macroeconomic variables in a unified framework.

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