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Miners Face Too Many Woes in Emerging Markets, Alamos CEO Says

From bnnbloomberg.ca

Panama’s tax dispute with First Quantum Minerals Ltd. over a giant copper mine underscores increasing political risks mining companies face in some regions, according to fellow Canadian metals producer Alamos Gold Inc. “There are too many difficulties in emerging markets right now,” Chief Executive Officer John McCluskey said in a Monday interview. “Something goes wrong, and suddenly the government decides it wants to jack up your tax rate, or just make an accusation that you suddenly owe them $200 million. What are you going to do about it?” McCluskey, 63, has firsthand experience with such political risks. Back in ... (full story)

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  • Category: Fundamental Analysis