MIGA INVESTMENT GUARANTEES NON-FERROUS METAL SECTOR – WORLD BANK
March 1st, 2006
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. Non-ferrous metal miners and processors use MIGA to cover risks that are too tough for the private insurance industry. At December 2005, MIGA had supported 27 mining projects alone, many associated with non-ferrous metals, with guarantees totalling US$1.4 billion: with a standard leverage of five-to-one, so investments covered are actually five times ...
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