riskier to do business in oz than sth africa..

Its interesting that the market is working out that real risk is here and not in companies like RIV etc. The real growth and ease of doing business is clearly moved to Africa. Might also explain why we have seen increased interest in the over seas miners again.

Australia riskier than South Africa
Resources: 29-March-10 by John Phaceas


Australia was becoming a riskier place for miners to do business than South Africa, the head of the world's third biggest gold miner, AngloGold Ashanti, said today.

Speaking at a health and safety conference in Perth, AngloGold's Australian-born chief Mark Cutifani said a range of proposed government, including higher royalties and carbon emissions trading scheme, were a major threat to Australia's international investment standing.

"Australia in many ways is probably one of the most difficult jurisdictions, and on the basis of government policy discussions, looks like its going to be even more difficult," he said.

"I would see more sovereign risk here than I see in South Africa quite frankly."