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On 23 September 2011, the new Angolan Mining Code (Código Mineiro) came into force. The introduction of new mining legislation had been expected for some time. As the name indicates, the Mining Code is intended to compile all of the existing legislation...

A review of the Equator Principles (EPs) has made recommendations to change a number of aspects of the EPs framework and these could have a significant impact on finance transactions. In particular, use of the EPs could extend beyond pure project finance to corporate...

On 23 March 2011, the European Securities and Markets Authority (ESMA), which replaced the body known as the Committee of European Securities Regulators (CESR) from 1 January 2011, published a feedback statement setting out its recommendations (New ESMA Recommendations)...

Direct expropriation or nationalisation is on the rise again. In mid-April, Argentina dramatically announced the nationalisation of most of Repsol's 57.4% stake in Argentina's biggest oil group, YPF. YPF's interests include rights to the valuable...

The Republic of Guinea in West Africa has some of the richest mineral deposits in the world. Alongside significant deposits of gold, diamonds and uranium, Guinea has one of the world's largest reserves of bauxite, the raw material for producing aluminium,...

Resource nationalism represents a major challenge to investors in resource-rich economies and one that appears to be growing. With some commodity prices at or near record levels, the stakes are higher than ever for both investors and host Governments. With particular...

New rules have been proposed in Europe for disclosure of payments to governments by natural resources undertakings, both listed and unlisted. If you're negotiating concession agreements today, it's time to start preparing.     Summary ...

The recent announcement that the EU has offered funding to the I2mine research project which seeks to develop invisible, zero-impact mines, amply demonstrates the increasingly significant role played by technology in the mining industry.  Not just a driver...

New rules have been adopted in the US requiring annual disclosures of the use in manufacturing of 'conflict minerals' sourced from and around the Democratic Republic of the Congo.  The rules will bite from 2013 giving affected organisations only...

International law firm Clifford Chance is advising the syndicate of banks acting as underwriters on the planned IPO of Glencore International, the commodities trader. The IPO is likely to be the largest ever in UK history and the largest in Europe of a non-state...