4.2 - 1050 panel - jorge neheronthegroundgroup.com/documents/jorge neher - dentons.pdf · now the...
TRANSCRIPT
Dentons 1
From Largest to Leading
Mine Latin America 2017Toronto, Canada – November 23, 2017
Jorge NeherPartner, Dentons
The Northern Andes Opportunity
Dentons 2
Latin America keys for success
Project: resources, grade, upside 1
Political environment2
Regulatory readiness3
Market4
Conditions for Access to Capital
Dentons 3
Latin America losing a little edgeLatin America keys for success
Dentons 4
Northern Andes, a flavor for all tastes
Source: SNL
Projects: Resources and Grade
Dentons 5
Northern Andes, a flavor for all tastes
ATTITUDEIncreased
competition fromother jurisdictions
Lack of Legal certainity
Community Pressureand Rejection of
Industry
•Judicial decisions•Higher tax pressure•Regulatory changesto limit the industry
•Financial harassmentto industry
•Zonning uncertainty•Political Agenda
Political environment
Dentons 6
Northern Andes, a flavor for all tastes
Exploration / exploitationconcession
Form of grant
Frozenareas forauctions
Environmental permitto explore
Surface cost(US$ HA /
year)
NationalMining
CompanyGovernment
Take
Perú Yes FCFS No No Low No Simple
Colombia Yes FCFS / Auction Yes No High No Simple
Ecuador No Auction Yes Yes High Yes Multiple
Venezuela No Auction Yes Yes ? Yes Multiple
Regulatory Readines
Dentons 7
Northern Andes, a flavor for all tastesMarkets
Dentons 8
Northern Andes, a flavor for all tastesMarkets
Dentons 9
The whole array of risk profiles (metals)
•Low risk•Conservative investment•Croeded
Peru
•Medium risk•Industry in the making•Potential
Colombia•Medium to high risk•Bad regulations but right government•Greenfields•Potential•Cheap ticket
Ecuador
•Hight risk•First through the door•Gamble•Potential
Venezuela
Dentons 10
Conclusions
Markets getting stronger Money getting smarter
Latin America: good combination of resources, culture and readiness for
mining projects
Northern Andes: the best kept secret in Latin America. Check your blood pressure and take your pick!
Dentons
Thank youDentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways.Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentonsknows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com.
© 2017 Dentons. Dentons is a global legal practice providing client services worldwide through its member firms and affiliates. This publication is not designed to provide legal advice and you should not take, or refrain from taking, action based on its content. Please see dentons.com for Legal Notices.