eVDEN EVe naKliYat<\/a> ESG – political risks get overplayed, it’s worth noting that this week the Chilean government announced that it will be taking control of all strategic lithium assets inside its borders.<\/p>\nAnd eight of the world’s twenty largest copper mines also happen to be located in Chile.<\/p>\n
So, it’s a volatile world we live in, a world in which environmental pressures are ever prevalent, and yet one in which Ukraine or Taiwan could tip into open and full-scale war any time soon.<\/p>\n
In this context, certain smaller copper companies and projects start to become more attractive.In particular, the Australian Securities Exchange offers a multitude of locally-based and run companies working up copper assets in the comparatively sane \u2018lucky country.’<\/p>\n
There are one or two UK-listed companies with Australian copper assets too, like (0.28p) and early-stage explorer First Development Resources.<\/p>\n
A (2.75p), which aside from its gold holdings has investments in Cyprus and the Balkans.<\/p>\n
(223p), which probably has the most consistent track record of any London-listed copper producer, also has assets in the Balkans.<\/p>\n
Still, there’s no getting around the uncomfortable fact that best copper has been put in some pretty difficult jurisdictions.<\/p>\n
Could there be massive undiscovered fields of copper porphyries in Nevada and Arizona?<\/p>\n
Perhaps, but what’s currently showing most brightly on the radars of the mining industry’s explorers remains in well-established areas like South America and sub-Saharan Africa.<\/p>\n
That’s where the high-risk, high-reward action is and where last week (3.73p) tied up a joint venture with Anglo American in Zambia.<\/p>\n
But for those who want a gentler ride towards a greener future, the best places to be are still North America, Australia and Europe.<\/p>\n