CASE STUDY

Managing uncertainty

We worked with senior government officials in a single commodity producing nation to change their fiscal outlook.

We undertook a comprehensive training course for senior government officials in a single commodity producing nation where government revenues are almost entirely dependent on the price of copper through their shareholding in a number of mines.

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The course covered the following areas:

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• Locking prices in in a high price environment to facilitate planning fiscal policy for infrastructure, health and education spending;

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• Using the futures markets, offtake and royalty agreements to secure substantial windfalls and as a hedge against future price slumps;

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• Securing an environment that mitigates the flight of capital and any subsequent failure to attract any foreign direct investment.