Mining in the Andes: Threat or opportunity? 20:20 Investor Series London, June 1 2007 Daniel Linsker Americas Analyst Control Risks.

Slides:

Advertisements

Similar presentations

Governance Crisis and the Andean Region: A Political Economy Analysis. Andres Solimano.

Advertisements

USING ECONOMIC TOOLS TO BUILD RELATIONSHIPS Economic Engagement.

THE WASHINGTON CONSENSUS Osvaldo Jordan September 10, 2009.

OPPORTUNITIES FOR LATIN AMERICA?. THE WAR ON TERROR U.S.-imposed rules of the game Ideological divisions: left, right, center Prevalence of democratic.

The Quality of Democracy in Latin America Maxwell A. Cameron Poli 332 March 1, 2010.

Is Latin America democratic and does it matter? Maria Escobar-Lemmon Dept. of Political Science Texas A&M University.

Opportunities for Corporate Finance in Latin American Capital Markets John C. Edmunds Professor of Finance Financial Columnist, América Economía March.

The United States and Venezuela: A Struggle with Anti- Democratic Tendencies.

CHANGING ROLES OF THE MILITARY. ASSIGNMENTS Smith, Democracy, ch. 3 Modern Latin America, ch. 13.

THE RISE OF THE NEW LEFT: WHY?. WHY VENEZUELA? An apparently stable two-party democracy –Rómulo Betancourt and Generation of 1928 –Pact of Punto Fijo.

Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Developed.

U.S. Foreign Policy in Latin America and The Move to the Left.

By: J. Guthrie. The Andes is the longest continental mountain range in the world. It is a continual range of highlands along the western coast of South.

+ The Political Economy of Foreign Investment in Latin America: Dependency Revisited Andy Higginbottom (2013) Presenter: Mariana Echaniz Arciga.

Sino-Latin American Energy Cooperation Models Dr.Sun Hongbo Institute of Latin American Studies Chinese Academy of Social Sciences Woodrow Wilson International.

Union of South American Nations or UNASUR By: Jessica, Brandyn, Shannon, and Tristan.

GOOD JOBS WANTED : Labor Markets in América Latina GOOD JOBS WANTED : Labor Markets in América Latina Inter-American Development Bank Inter-American Development.

Impact Evaluation 4 Peace March 2014, Lisbon, Portugal 1 The role of politicians in delivering government projects Daniel Rogger Economist, University.

Calgary  Toronto  Moscow  Almaty/Atyrau  Caracas  Rio de Janeiro “MINING IN COLOMBIA: STATUS OF INVESTORS’ CHECK-LIST" mineSouth America: Focus on.

A Business and Political Perspective on Growth in Brazil and the United States Brazil Risk: Why and How to invest in the USA. May 7th, 2014 Dr. Zelia Cardoso.

DeRisk Advisory Services Ltd. Doing Business in Conflict-Affected Countries Lisa Curtis 14 th July 2009.

THE 9TH INTERNATIONAL ANTI-CORRUPTION CONFERENCE GENERAL SECRETARIAT OAS.

POLITICAL RISK ANALYSIS What is meant by POLITICAL RISK ? Why is it important to know how to carry out a POLITICAL RISK ANALYSIS ? What tools can be used.

FROM INDEPENDENCE TO MODERNIZATION Osvaldo Jordan-Ramos September 1, 2009.

The 19 th and 20 th Centuries. The Landed Elite Latin American countries continued to have the same rigid class structure. That elite were still the same.

THE RISE OF THE NEW LEFT. “OLD” v. “NEW” LEFT Old Left (1940s-1980s): sought to seize power through armed revolution; adhered to Marxist ideology; sought.

“Doing business in Chile & Colombia” Colombia Market overview B&CCC – UKTI London, October 28 th 2013.

Latin America’s Quiet Revolution Sharon Emily Jamie Vincent Sean.

PRESIDENTIALISM AND REPRESENTATION INSTITUTIONS OF DEMOCRACY.

The Prospects for Global Democracy Sylvia Espinoza, Ai Morimoto, Midori Araki, Xi Jia, Risa Takahashi International Studies 190 Professor Peter Smith April.

REPORT OF LATIN AMERICA Dr. Jorge A. Cassino Dr. Jorge A. Cassino Vice Chairman Latin-American December 2008 December 2008.

Strengths Extensive Land and natural resources Strategic Location Workforce Massive consumer market – population Infrastructure facilities Effective legal.

Challenge in the Americas: Trafficking in Persons A Presentation to the Special Committee on Fighting Transnational Organized Cime in the Americas February.

Struggle for Democracy in South America

SOA School of Americas or “School of Assassins”. Close the School of the Americas ( now known as the Western Hemisphere Institute for Security Cooperation.

Struggle for Democracy in South America What has the US done to contain socialism/communism in South America?

The Eradication of Illicit Crops (and alternative agricultural development) emes/altdev-6.htm.

Challenge #3 Answering: where?. Directions You will get into partners and rotate through 9 different stations. You will need to answer the question at.

THE RISE OF THE NEW LEFT LATI 50 Introduction to Latin America.

Perspective of Countries of Origin Same risks and perceptions but different approaches? Monica Ribadeneira Sarmiento Bonn, November

1 AGRARIAN STRUCTURE: The Role of Land Policies Gershon Feder The World Bank.

Sathya Sai Organisation Zone 2B – South America. Total = 10 countries Region 23 o Bolivia o Paraguay o Chile o Uruguay o Argentina o Brasil Region 22.

Simon Bolivar and Venezuela By Kaleka, Eric, Ricky, and Demare’e.

Cathrin Stöver, Project Manager DANTE TERENA Networking Conference, Poznan, 6 June 2005 The ALICE Project and the RedCLARA Network.

OPPORTUNITIES FOR LATIN AMERICA?. THE WAR ON TERROR U.S.-imposed rules of geopolitical game Co-existence with geo-economic game Latin America:  “spectator”

African Economic Conference 2007, Addis Ababa 1. 2 Presentation Outline What wisdom have we gained so far to explain growth in Africa?  Several explanations.

Competitiveness of Small Enterprises: Clusters, Business Environment and Local Development October 30, 2007 Intergovernmental relations and local competitiveness.

Emerging Markets In The Spotlight The Six Most Promising Economies in Asia, Africa and Latin America Atradius Dutch State Business Bert Burger ICTF's International.

Q | SUMMARY LATAM #Timid2012 Moderate growth in the region, pronounced deceleration in Brazil and Argentina #MoreAccess Lower classes are duplicating.

BELLWORK: August 24 th Our first unit of study is called The Emergence of the Americas in Global Affairs. Read an introduction to this unit on pgs. 1-4.

SSWG7E Analyze the impact of natural disasters and political instability on economic activity in Latin America.

RECENT POLITICAL TRENDS IN LATIN AMERICA

The Effects of Trade Agreements and Economic Turmoil in South America

The Latin Bloc.

1. Political Map of Latin America

BELLWORK 11/3 Read pgs. 1-4 in the packet and answer the following:

Department of Public Security

THE RISE OF THE NEW LEFT: WHY?

THE RISE OF THE NEW LEFT.

The Enlightenment and Democratic Revolution

OPPORTUNITIES FOR LATIN AMERICA?

Geographic Theory.

A Credible Enlargement Perspective for and Enhanced EU Engagement with the Western Balkans Commission Communication of 6 February 2018.

Struggle for Democracy in South America

Struggle for Democracy in South America

Struggle for Democracy in South America

BELLWORK: August 23rd Our first unit of study is called The Emergence of the Americas in Global Affairs. Read an introduction to this unit on pgs. 1-4.

INTELLIGENCE SERVICES

Struggle for Democracy in South America

Latin American history

Presentation transcript:

Mining in the Andes: Threat or opportunity? 20:20 Investor Series London, June Daniel Linsker Americas Analyst Control Risks

Threat or opportunity? Region offers plenty of opportunities but also: Significant security risksOperational challenges Uncertain politics Opportunities

Threat or opportunity? Risk management makes the difference: –Reduces uncertainty –Helps mitigate problems –Limits impact of eventualities Effective risk management in the region can provide a competitive advantage.

Exploiting opportunities in the Andes How important are political risks? And what about security issues? Can you operate there? Where? What can you expect?

How important are political risks?

Is Latin America really turning to the left? Does it matter?

Is Latin America really turning to the left? Left Right Moderate “new” left

Is Latin America really turning to the left? Radical Change Broad Continuity Gradual change

What about the Andes? Radical Change Broad Continuity Gradual change

Does it matter? Radical vs. gradual change Radical - Uncertainty - Possibility of radical political change - Changes to the institutional order - Judicial and contractual instability - Shifts in operating environments Old risks reborn: expropriation, nationalisation and widespread political instability. Gradual - Limited uncertainty and radical policy shifts unlikely - Stable institutional order - Broad judicial and contractual stability - Predictable business environments. But still, Legislative fragmentation and the slow pace of reform Corruption and entrenched interests Bureaucracy and red-tape

What about security issues?

Security risks Same old risks Common and petty crime Organised crime Kidnapping Terrorism Drug-trafficking And some new ones too… Civil unrest/social activism Fraud Intellectual property issues

Should you be scared? Well, not really… Security problems are: –Manageable Security Information Prevention –‘Fixed cost’

Can you operate there? Deficient infrastructure Civil unrest Corruption and Bureaucracy Due diligence and exposure to reputational risk.

What can you expect? Country scorecard RisksPoliticalSecurityOperational Bolivia Colombia Ecuador Peru Venezuela

Food for (after) thoughts… Bolivia and Ecuador: Are Evo Morales and Rafael Correa the new Hugo Chávez? Colombia: Can it be Latin American Mining’s hidden gem? Peru: Will García be García? Can he?