Beyond its enviable geology, Suriname has several assets of interest to miners:
- Suriname’s road system is superior to that of nearby Guyana and northeastern Brazil. Existing mines today are well connected to the ports. The oil boom ahead will help increase infrastructure spending.
- The legal system is functional by regional standards with “workable” levels of corruption.
- Though there is purportedly drug smuggling that passes through Suriname, it is not associated with high homicide rates. Suriname remains a fairly safe country for expats living there.
- Mining is the largest industry in the country and every household has some personal connection to it, helping to underpin public support for the industry.
But a lack of national legislation on indigenous and tribal rights can lead to avoidable tensions between indigenous communities and miners. These tensions are among the pre-investment risks to mining in Suriname that investors should analyze. A thorough assessment by an experienced partner can be a crucial strategic asset for a company looking to invest in the country.
Most mining project obstacles today in Latin America originate from local, not national, issues. The 2022 Latin America Mining Risk Index will help investors assess country risk, and better focus their project-level due diligence and risk intelligence gathering and reporting, as well as improve their CSR practices.
Please click below to learn more about this unique report, the first to quantify mining risk in Latin America, and learn more about how it can help you in evaluating pre-investment risk to mining in Suriname and Latin America.
