Fraud and Corruption Enters Top 10 Mining Risks, with Resource Nationalism at No. 1
JOHANNESBURG--July 12, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Johannesburg, South Africa) -- The 2012 report "Business Risks Facing Mining and Metals" from Ernst & Young (E&Y) says that while capital allocation remains a significant business risk, it is mostly because of returns matching risk appetites. As a result, its No. 1 position in top business risks has been overtaken by the increasing threat posed by resource nationalism. Resource nationalism has become the top risk for mining and metals companies, as governments globally continue to create demand in order to increase their slice of the profit pie.