Senegal has implemented a new mining legal framework which aims to maintain attractiveness of the mining sector and undertakes to rebalance mining revenues.
Senegal adopts a new mining law
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Navigating volatility in mining and metals
Mining & Metals
Mining and metals
With a strong but volatile outlook for the sector, the global mining and metals industry is focused on future growth through expanded production, without losing sight of operational efficiency and cost optimization. The sector is also faced with the increased challenges of changing expectations in the maintenance of its social license to operate, skills shortages, effectively executing capital projects and meeting government revenue expectations.
EY’s Global Mining & Metals Center brings together a worldwide team of professionals to help you achieve your potential. Based in Sydney, our team is dedicated to offering industry insight and coordinating a network of more than 2,000 mining and metals professionals in 144 countries, who will develop practical alternatives and provide tailored solutions to the issues you face.
Key issues in today’s mining and metals environment include:
- Business risks facing the mining and metals sector
Mining and metals businesses face risks that are becoming more extreme and more complex, with resource nationalism, skills shortage and infrastructure as the top three, and the newcomer being sharing the benefits.
While the demand outlook remains strong, the price peaks have passed and so there is a much greater imperative for mining and metals companies to remain nimble and sure-footed in how they manage these fast-changing risks.
- Business risks facing mining and metals 2013-2014
- Effective mining and metals capital project execution
- Fraud and corruption in mining and metals
- Major trends in transactions and financing
Balance sheets are stronger, with many companies faced with the challenging but positive decision of how best to utilize their capital — the dilemma of buy, build or return is back on many boardroom tables.
We can help you to make better and more informed decisions about how to strategically manage capital and implement transactions in the ever-changing mining and metals sector.
- M&A, capital raising in the mining and metals sector, 1H 2012
- Global mining and metals transactions - 2011 trends, 2012 outlook
- M&A and capital raising - 1Q 2012
- Mining Eye
- Resource nationalism
Resource nationalism has remained in the top risks facing mining and metals companies for the past five year as seems to be picking up pace as governments seek to transfer even more value from the mining and metals sector.
Many governments around the world have now gone beyond taxation in seeking a greater take from the sector, with a wave of requirements introduced such as mandated beneficiation, export levies and limits on foreign ownership.
We closely follow resource nationalism, how it affects our clients and steps mining and metals companies can take to respond to this risk.
Bum Choong Kim
Mining and metals
+82 2 3787 4107
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Managing mining risk in an era of transparency
Tuesday 9 June 2015
Are you up-to-date with new rules being imposed on the mining and metals sector, requiring much broader disclosure of tax and other payments? Register here for our mining and metals webcast.
View our series which examines the unique issues faced by mining and metals companies applying IFRS.