Humphreys, David2014-05-222014-05-222009-06https://hdl.handle.net/10986/18398Companies from the emerging economies are a growing feature of the global mining industry. This document looks at who these companies are and the factors behind their growth. The contribution of the emerging economies to the global supply of minerals since 2000 is striking. With their growth in production exceeding that of the advanced economies in almost every commodity, the share of these countries in global mineral production mounted steadily. Several factors have combined to provide a boost to the role and fortunes of emerging economy companies in mining over recent years. Five of the most important are: (i) market liberalization and privatization of state-owned companies; (ii) privileged access of local companies to significant and underdeveloped local resources; (iii) strong financial positions due to the mining boom of 2003-2008; (iv) drive for geographic and commodity diversification, at times with tacit support of respective home governments; and (v) strategic expansion, usually to ensure raw material supplies for their metallurgical operations. The role of the emerging economy countries, and of companies based in these countries, is going to become increasingly important to the minerals industry in coming years.en-USCC BY 3.0 IGOACCESS TO CAPITALACQUISITIONACQUISITIONSADVANCED ECONOMIESAFFILIATED ORGANIZATIONSALUMINUMBALANCE SHEETSBANK BORROWINGBANKING SYSTEMSBANKSBASE METALSBAUXITEBONDBOND ISSUESBOND MARKETBORROWING COSTSBUSINESS OPPORTUNITYBUSINESS PERFORMANCECADASTRECAPITAL MARKETSCASH FLOWSCASMCHIEF EXECUTIVECOALCOBALTCOLLATERALCOMMERCIAL ENTERPRISESCOMMODITIESCOMMODITYCOMMODITY PRICECOMMODITY PRICESCONSOLIDATIONCOOPERATION AGREEMENTCOOPERATION AGREEMENTSCOPPERCOPPER MINESCORPORATE GOVERNANCECORPORATIONCORPORATIONSCREDIT RATINGCURRENCYDEPOSITDEPOSITARY RECEIPTSDEPOSITSDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPING COUNTRY ECONOMIESDEVELOPMENT BANKDIAMONDSDIRECT INVESTMENTDOMESTIC MARKETSECONOMIC CRISISECONOMIC DEVELOPMENTEITIEMERGING ECONOMIESEMERGING ECONOMYEMERGING MARKETEMERGING MARKET COMPANIESEMERGING MARKETSEQUITY INVESTORSEQUITY MARKETSEXPLORATION EXPENDITUREEXPOSUREEXTRACTIVE INDUSTRIESEXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVEFINANCE CORPORATIONFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL WEAKNESSFOREIGN INVESTORSFOREIGN MININGFULL DISCLOSUREGASGAS FLARING REDUCTIONGEOGRAPHIC DIVERSIFICATIONGEOLOGICAL KNOWLEDGEGEOLOGICAL SURVEYGLOBAL ECONOMYGLOBAL INVESTORGLOBALIZATIONGOLDGOLD MINEGOOD GOVERNANCEGOVERNANCE PRACTICESGOVERNMENT POLICIESHOLDINGHOST COUNTRIESINDEPENDENT DIRECTORSINFRASTRUCTURE DEVELOPMENTINSTITUTIONAL INVESTORSINTERESTED PARTIESINTERESTS OF MINORITY SHAREHOLDERSINTERNATIONAL CAPITALINTERNATIONAL CAPITAL MARKETSINTERNATIONAL FINANCEINTERNATIONAL STANDARDSINVESTMENT ANALYSISINVESTMENT CORPORATIONINVESTMENT FLOWSINVESTMENT PROGRAMIRONIRON OREJOINT VENTURELARGE COMPANIESLARGE MININGLARGE SHAREHOLDERSLEGAL AUTHORITYLIBERALIZATIONLIBERALIZATIONSLOCAL COMPANIESMARKET CAPITALIZATIONMARKET DOWNTURNMARKET ENVIRONMENTMARKET SHARESMETALSMINERAL CONCESSIONSMINERAL PRODUCTIONMINERAL RESERVESMINERAL RESOURCESMINERAL RIGHTSMINERALOGYMINERALSMINERALS INDUSTRYMINING ASSETSMINING COMPANIESMINING COMPANYMINING INDUSTRYMINING INTERESTSMINING INVESTMENTMINING OPERATIONSMINING POLICYMINING PROJECTMINING SECTORMOLYBDENUMNATIONAL SECURITYNATURAL RESOURCESNICKELNONFERROUS METAL MININGOGMCOILOIL COMPANIESOIL PRICEORESOUTPUTPALLADIUMPERSONAL FINANCESPLATINUMPORTFOLIOPOTASHPOVERTY ALLEVIATIONPRINCIPAL ASSETSPRINCIPAL SHAREHOLDERSPRIVATE ENTERPRISEPRIVATE ENTERPRISESPRIVATE PARTNERSHIPPRIVATE SECTOR GROWTHPRIVATIZATIONPRIVATIZATIONSPROFITABILITYPUBLIC-PRIVATE PARTNERSHIPREGULATORY ENVIRONMENTREGULATORY REGIMEREORGANIZATIONRETURNRISK CAPITALRISK PROFILERISK PROFILESSAVINGSSHARE PRICESHAREHOLDERSHAREHOLDER AGREEMENTSHAREHOLDERSSHAREHOLDINGSILVERSMALL-SCALESMALL-SCALE MINERSSMALL-SCALE MININGSMALLER COMPANIESSOCIAL RESPONSIBILITIESSOCIAL SAFEGUARDSSOCIETYSPECULATIONSTATE BANKSSTATE-OWNED COMPANIESSTEELSTOCK EXCHANGESTOCK MARKETSTOCK MARKETSSTOCKSSUBSIDIARYSUSTAINABLE DEVELOPMENTTAKEOVERTAKEOVER BIDTAXTECHNICAL ASSISTANCETITANIUMTRACK RECORDSTRADINGTRADING SYSTEMTRANSPARENCYTRUST FUNDUNIONURANIUMVALUATIONWORLD INVESTMENT REPORTZINC10.1596/18398