The administration of President Juan Manuel Santos is entering its final stretch with presidential elections next year, prompting Colombia Gold Letter to take the pulse of sentiment in the mining and exploration sector on several key issues.
It has been a stellar year for emerging market credit, with most of the key benchmark indices outperforming and EM fundamentals broadly improving – while the global economy continues to heat up. But with QE – one of the main forces driving yield-hungry investors into EMs – winding down, a slew of EM elections on the horizon, and uncertainty over the direction of large developed economies like the US, what are the top trends likely to be seen in EM credit in 2018?
2017 marks the first year since 2013 that mining majors are seriously kicking the tires of Latin American mining assets. Revitalized miner balance sheets, positive trending metal prices and welcoming gestures from national governments all fuel the rising appetite for acquisitions in Latin America.
How far can this EM FX correction go? Since mid-November, the greenback has been broadly softer due to a variety of factors. EM FX has taken advantage of this, and the top EM performers are ZAR (+5.5%), MXN (+3.8%), and RUB (+3%). TRY has been noticeably lagging, -1.4% since November 15. Many EM currencies are starting to bump up against key chart points, and so the dollar may finally get some traction in the coming days.
Dr. Susan Kaufman Purcell shares her views on how the current political and geopolitical landscapes of some of the major Latin American economies will affect the mining sector. Which countries will have pro-mining policies and which ones will cause headaches and what role should governments play in resolving community conflicts?
HSBC have been fundamental in helping a number of mining companies meet their CAPEX needs throughout 2017. We caught up with Adam Hendley, MD, Head of Mining & Metals - US, Canada & Latin America, HSBC, to discuss how HSBC went about this and where he sees the biggest opportunities in the Latin America mining industry.
HSBC to plough USD100bn into sustainable finance – Saudi bonds fall on widening purge – Burgan Bank in talks for loan – Glencore in hot water over DRC mining rights – Nigeria undertakes sweeping audit – PEMEX announces largest offshore discovery in 15 years – China will look to issue cryptocurrency – Petropavlovsk debut could fetch higher yields
BBH has produced the following ratings model to assess relative sovereign risk in Frontier Markets. A country’s score directly reflects its creditworthiness and underlying ability to service its external debt obligations.
We have produced the following Emerging Markets (EM) ratings model to assess relative sovereign risk. An EM country’s score directly reflects its creditworthiness and underlying ability to service its external debt obligations. Each score is determined by a weighted compilation of fifteen economic and political indicators, which include external debt/GDP, short-term debt/reserves, import cover, current account/GDP, GDP growth, and budget balance.
Victor Gobitz, Chief Executive Officer, Buenaventura, discusses the main challenges facing the mining sector and how Buenventura are planning to overcome them.
- How Might Companies Change their Approach to Community Investment?
- Best Practice for Investing into the Mining Sector
- Discovery Investing Into Early Stage Mining Projects
- Investing in the early chapter of the mining investment cycle
- Apurimac: Revenue Management and Mining & Agriculture
13 Dec 2017
29 Nov 2017