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US May Take a Stake in Gold Miners
Over the past three years, one of the consistent drags on metals' miners has been the heightened risk of international confiscation or nationalization. American mining companies operating abroad face a series of pressures that undermine their productivity. In Africa, governments have demanded larger percentages of gold production. In Latin America, companies encounter increased obligations to labor, higher wage demands, and threats of strikes. Environmental concerns introduce additional costs, such as fines for land degradation. In other cases, political instability creates even greater risks, with coups leading to ... (full story)