Mauritanian iron ore project
The largest iron ore financing globally in 2009 and in the history of Mauritania. One of the largest ever iron ore financings in Western Africa. Trade Finance Deal of the year 2010.
Mongolian copper gold mine project
The world’s largest, undeveloped copper-gold porphyry deposit. When completed, Oyu Tolgoi will be the first project financing in Mongolia and the largest project financing ever completed in the mining sector
Canadian rare earth elements project
One of the world’s largest undeveloped rare earth elements resources, the Project is one of the few sources of ‘heavy’ rare earth elements outside of China.
Services > Political Risk Mitigation
> Political Risk Mitigation
A major focus of HCF is political risk mitigation, particularly through the involvement of international development institutions, export credit agencies and the Multilateral Investment Guarantee Agency (“MIGA”) of the World Bank. From 2011 to 2016, we acted as an agent for MIGA, one of seven globally and the only agent exclusively focussed on the Metals & Mining sectors. In addition to facilitating the signing of landmark transactions, this agent role has helped us gain an unparalleled knowledge of MIGA and its products as well as access to the highest levels within the Agency.
Examples of political risk include:
- war and civil disturbance
- currency inconvertibility
- breach of contract by sovereigns
Political risk insurance has the effect of mobilising liquidity in the funding market, both from equity investors and from lenders. Mitigating political risk can be the key to mobilising the liquidity required for the development of a project. As part of the World Bank, MIGA has the capability to bring a significant amount of influence to bear due to the constituents of its shareholder base.