...Sector and Sub-Sectors: This report presents the key peer comparator elements observed or expected for companies in the mining sector globally. Sub-sectors include mining companies across all individual commodity sub-sectors (eg, iron ore and copper) and include diversified commodity producers as well as single-commodity or single-mine operations. Key Factors: The Sector Risk Profile defines and groups companies operating in the sector into a "natural rating territory" based on Fitch's view of the inherent risk profile of the industry. Each company's overall risk profile generally does not stray too far from this rating range. After assessing the Operating Environment, then Management and Corporate Governance, the Navigator examines four Sector-Specific factors for given rating levels. Finally, three Financial Profile factors help capture financial attributes commensurate with particular rating categories. Emerging-Market Environment: As captured under the Key Factor, Operating Environment,...
