By Chris Lo
The mining sector is fraught with risk. For miners investing in a new or existing asset, there is always a laundry list of potential liabilities to consider in the due diligence process, from fluctuations in commodity prices to supply chain disputes or disagreements with the all-important host nation. A prominent example of the latter is Senegal’s case against ArcelorMittal in 2013 over the company’s alleged failure to keep its commitments related to an iron ore project in the country. The case was settled in Senegal’s favour after an arbitration in Paris.