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Mining, Drilling and Discovery
The action, process or good fortune of discovery or discovering oil, gas or mining deposits. Disclaimer : this page is not intended for any specific nationality or jurisdiction. It is also not intended to solicit clients from any specific jurisdiction including the Republic of Mauritius inter alia.
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'..the game is pretty much over in those countries with dreadful governance like Russia, the Stans, Brazil, South Africa and Nigeria. Once easy money disappeared in those places the ridiculous industrial growth rate collapsed – it’ll be a while before it returns in my view....'
'I think many commodities are in for a long boring bear market. Thermal coal is dying a slow agonizing death, as it deserves to. It’s a nasty product and has a lot of negative pricing pressure yet to come. Met coal, iron ore and the other ferrous metals are for the most part in structural oversupply and will be in bear territory for years I think. Some metals like nickel will be affected by technology and geography in terms of their production, with politics unusually important especially the nickel pig iron markets in china and supply questions in Indonesia and Philippines. ...'