Mining News

Security Matters in Mining

Posted by Cheryl Rutledge on 4/21/2015 4:44:09 PM

By Taylor Jackson and Kenneth P. Green

Amongst mining taxes, environmental regulations, etc. security policies related to mining and its investment gets relatively little attention. However, a secure environment is crucial for attracting highly mobile investment. Recently in Mexico, armed robbers seized 900 kilograms of gold-bearing concentrate, containing about $8.4 million in potential revenue.

For the most part Mexico performs quite well for a developing country on the Fraser Institute’s Annual Survey of Mining Companies, ranking 33rd (of 122) in the 2014 edition of the survey. Security though is one area where Mexico still lags, with 78 percent of respondents for saying that the security situation in the country was a deterrent to investment. Almost 30 percent said the situation was either a strong deterrent or that they would altogether not invest because of the situation.

Security is not just a problem for Mexico. Lack of a secure environment is something quite commonly found in jurisdictions that rank near the bottom of the survey. Perhaps security needs to get a little more attention in mining policy debates.




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