MIGA INVESTMENT GUARANTEES MINING SECTOR WORLD BANK
December 1st, 2005
BY KEITH NUTHALL
THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Mining companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and the agency has issued 58 guarantees for the sector since it was formed in 1988. These guarantees have totalled US$1.4 billion, and its mining portfolio currently stands at US$500 million, with a standard leverage of five-to-one, so investments ...
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