In our last Insight article, we discussed black swan risks the mining industry faced as a result of its fixed operating locations. Risks related to extreme weather events, social license to operate, and governmental changes all have had demonstrated impacts on the returns generated by mining companies. Mining as a global industry is deeply exposed to the politics of the nations in which they operate. However, assessing the quality and risk associated with each of these jurisdictions can be a nuanced and complex exercise. Surveys, such as the Fraser Institute’s Annual Survey of Mining Companies, have increasingly been ... (full story)