Mining companies, including Rio Tinto Group (RIO) and Vale SA, are increasingly looking for ore bodies in regions with high political and security risk as they struggle to meet commodities demand, a risk consultant said.
“The mining industry is actually an industry in crisis,” Michael Humphreys, managing director at strategic consultancy Control Risks in Sydney, said in an interview. “There’s this concern about getting their hands on leases - if you’re an exploration geologist, all the good sites have been pegged.” Read more here...
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