Serbia will help investors expedite mining projects

Keyword(s):  

Headline SERBIA: Investors will get help with mining projects

2017 ◽  
Vol 23 (1) ◽  
pp. 22-38 ◽  
Author(s):  
Charles Teye Amoatey ◽  
Samuel Famiyeh ◽  
Peter Andoh

Purpose The purpose of this paper is to assess the critical risk factors affecting mining projects in Ghana. Design/methodology/approach A purposive sampling approach was used in selecting the respondents for the study. These were practitioners working on mining projects in Ghana. Findings The study identified 22 risk factors contributing to mining project failure in Ghana. The five most critical mining project risk factors based on both probability of occurrence and impact were unstable commodity prices, inflation/exchange rate, land degradation, high cost of living and government bureaucracy for obtaining licenses. Mitigation measures for addressing the identified risk factors were identified. Research limitations/implications This paper is limited to data collected from practitioners working on mining projects. Due to geographic and logistical constraints, the study did not include the perception of local communities in quantifying the risk factors. Practical implications This paper has documented the critical risk factor affecting the mining industry in Ghana. Though the identified risk types are also prevalent in other sectors of the construction industry, the key findings of this paper emphasize the need for a comprehensive risk management culture in the mining sector. From an academic research perspective, the paper contributes to a conceptual risk assessment framework. Originality/value The information gathered through this research can be utilized in identifying and understanding risks during the early stages of mining project implementation.


Significance Following a congressional vote on July 26, Luis Iberico, an opposition figure, will preside over Congress during Humala's final year in office. Hitherto, the ruling Gana Peru has retained the post that is essential to arranging parliamentary business. Politics over the next twelve months will be dominated by electioneering, possibly providing some last-minute respite for the embattled Humala. Impacts Little by way of bold legislative initiatives can be expected over the next twelve months. Candidate in-fighting will contribute nothing towards raising voters' jaundiced view of the workings of democratic institutions. Congress will remain highly fragmented over the next five-year period of government. This year and next, the economy is likely to perform poorly, although exports should increase as new mining projects come on stream.


Subject Local vetoes on mining activities. Significance Local governments opposed to mining projects planned in their districts have been awarded new powers to derail developments through a series of decisions from the Constitutional Court. On July 29, authorities in Tolima became the first to leverage one such decision in order to approve plans for a referendum over a proposed local ban on mining activity. Impacts Even firms with strong central government support will have scant protection from regulatory risk. Mining companies may see legal costs mount as they prepare appeals against court rulings that could undermine the viability of projects. Delays will further undermine government efforts to bolster Colombia's economy via the expansion of this strategic industry.


Significance On the agenda is the issue of legislation on open-pit mining and the stopping of the export of unprocessed ores. This follows Cimatu’s confirmation in post by the Commission on Appointments on October 4. Previously acting secretary, Cimatu replaced the controversial Regina Lopez, who was not confirmed as environment secretary earlier this year. The Philippine mining industry was wary of Lopez’s pro-environment, anti-mining policies, and now wants to see what Cimatu’s plans are. Impacts Under Cimatu, mining firms could gain more opportunities to engage with policymakers. Environmental and anti-mining groups will see Cimatu’s appointment as a betrayal; protests are possible at mining projects. Peace in Mindanao would unlock an estimated 1 trillion dollars in untapped mineral resources.


Significance GDP growth has slowed from a peak of 17.5% in 2011 to around 7.0% last year. Foreign investment, which has driven growth, has fallen steeply and external conditions have weakened. Legislative moves to revive interest have had little to no effect. The government in Ulan Bator is talking to the IMF about possible assistance, and Mongolians have been polled by text message in a bid to confirm popular support for getting crucial mining projects moving again. Impacts Ulan Bator has to address the recent jailing of foreign nationals and the negative impact on Mongolia's image. The text message referendum suggests refinement is needed to make future initiatives in direct democracy credible. Criticism of the legal process leading to imprisonment of former mining executives could result in changes to the law.


Significance Opposition to mining, sometimes violent, has proved a deterrent to investment. As mineral prices, especially for copper, have increased substantially, the mining ministry hopes to raise the threshold for new investment this year and next. Impacts The offer of cash will do little to resolve existing disputes over mining. The scale of new investment will be determined primarily by anticipated patterns of demand. In the medium term, there will be a shortfall in new mining projects once those under construction come on stream.


2018 ◽  
Vol 36 (6) ◽  
pp. 993-1009
Author(s):  
Aleksandra Tomašević ◽  
Ranka Stanković ◽  
Miloš Utvić ◽  
Ivan Obradović ◽  
Božo Kolonja

Purpose This paper aims to develop a system, which would enable efficient management and exploitation of documentation in electronic form, related to mining projects, with information retrieval and information extraction (IE) features, using various language resources and natural language processing. Design/methodology/approach The system is designed to integrate textual, lexical, semantic and terminological resources, enabling advanced document search and extraction of information. These resources are integrated with a set of Web services and applications, for different user profiles and use-cases. Findings The use of the system is illustrated by examples demonstrating keyword search supported by Web query expansion services, search based on regular expressions, corpus search based on local grammars, followed by extraction of information based on this search and finally, search with lexical masks using domain and semantic markers. Originality/value The presented system is the first software solution for implementation of human language technology in management of documentation from the mining engineering domain, but it is also applicable to other engineering and non-engineering domains. The system is independent of the type of alphabet (Cyrillic and Latin), which makes it applicable to other languages of the Balkan region related to Serbian, and its support for morphological dictionaries can be applied in most morphologically complex languages, such as Slavic languages. Significant search improvements and the efficiency of IE are based on semantic networks and terminology dictionaries, with the support of local grammars.


Significance The decision of President Ollanta Humala's government to send in troops to deal with protesting farmers in the Islay province of Arequipa reflects frustration at a conflict that has lasted years and threatens to disrupt one of Peru's larger mining projects. It also shows up the deficiencies of the police in dealing with social conflict. Impacts Many mining projects are being held up because of conflicts with local stakeholders. Social movements tend to be fragmented and lack leadership in national politics. Once trust breaks down between miners and local communities, it is difficult to restore it through corporate social responsibility spending.


Significance The Peruvian economy appears to be benefiting not just from increased mining production but also from a moderate improvement in commodity prices. If sustained, these will feed into improved growth prospects this year and next. Domestic demand, however, is in the doldrums. Impacts The Peruvian economy is becoming ever more dependent on the mining industry. Highly capitalised, this has a very limited direct impact on employment. Difficulties in achieving a 'social licence' will continue to pose problems for new mining projects.


Subject Outlook for the mining sector. Significance The new administration has eliminated export taxes on mining, as part of its efforts to lure foreign investment to revive a stagnant economy. Mining export taxes were set at 5-10% over the past 14 years, and their removal will cost the government some 220 million dollars annually. Impacts Low global metals prices will hinder short-term efforts to boost mining investment. Environmental concerns will continue to drive hostility to mining projects. Lithium will drive mining growth in the near term.


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