Resource Nationalism Is Biggest Risk to Miners: Report
Source: Reuters (8/7/11)
"Governments seek to benefit from higher commodity prices to try to restore fragile finances, Ernst & Young said on Sunday."
Resource nationalism is the biggest threat facing the mining sector this year and next as governments seek to take advantage of higher commodity prices to try to restore fragile finances, advisory and accountancy firm Ernst & Young (E&Y) said on Sunday.
"Because the mining and metals sector rebounded quickly from the global financial crisis, it became an early target to help restore treasury conditions," the firm said. . .View full article