Despite pessimism about our resources sector, Australia remains one of the best places in the world to do business. Risk issues are growing elsewhere. For example Kenya has unexpectedly increased royalties on minerals produced in the east African country and revoked certain mining licenses in order to get a bigger share of earnings from its mining sector. The new measures, which came as a surprise to mining companies in the country, followed a sector-wide review and was aimed at ensuring east Africa's biggest economy got a more favourable deal, Mining Secretary Najib Balala said.
I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...
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