Does rising country risk threaten mining investment in Queensland? Nick Rees, Co-Founder & Managing Director Bridgend Capital Advisory
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Cottager and his wife had a Hen, which laid every day a golden egg. They supposed that it must contain a great lump of gold on its inside and killed it in order that they might get it when to their surprise, they found that the Hen differed in no respect from their other hens. The foolish pair, thus hoping to become rich all at once, deprived themselves of the gain of which they were day by day assured.” From Aesop's Fables translated by George Fyler Townsend, 1867
Photo: Whitehaven
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BBMC Yearbook 2023
Mining is a highly capital-intensive business, as a result requiring a long-term lens on investment and capital return decisions and a stable policy and regulatory backdrop to enable efficient long-term capital management through commodity price cycles. The intense capital demands of mining emanate from the large up-front development capital required for mining projects and associated infrastructure, as well as the ongoing working capital and sustaining capital needed for dayto-day operations.
