Emerging Markets

Thrace provides advisory and consulting solutions to a range of clients requiring assistance in emerging markets and international capital markets.

The team’s extensive first-hand emerging market and key capital market experience enables unique strategy, risk mitigation, and market penetration insights to project owners and investors, whilst providing pragmatic regulatory framework and policy analysis and formulation insights to government. Our own on the ground experience running, advising, and investing in projects underpins practical and often innovative solutions to the most complex of matters.

We work in close partnership to provide solutions to a range of clients, including project owners, investors, developers, operators, service providers, governments, industry associations, and other sector participants.

  • Our ability to assist clients looking to enter into new jurisdictions is underpinned by our extensive hands-on emerging market experience.

    We assist clients with a range of matters including:

    • Setting up corporate and projects structures to hold mineral rights

    • Licence applications, permitting and approvals

    • Early stage private placements

    • Risk analysis relevant to the endeavour, country, policy, and regulatory framework.

  • We provide a wide range of advisory and consulting services relating to various tenure and permitting matters across exploration, development and mining, including assistance and advice relating to:

    • Regulatory frameworks and processes

    • Mineral rights applications and permitting

    • Engaging with regulators and relevant stakeholders.

  • We provide a wide range of project related advisory and consulting services including:

    • Engaging with regulators

    • Tenure and permitting matters or applications and other regulatory requirements across the project life cycle

    • Negotiating, or reviewing a range of agreements for commerciality including with respect to growing, rotate, or protecting your asset base through earn-ins, joint ventures, sale and purchase agreements, option agreements, services and supply agreements, contractor arrangements, offtake, royalty, and other agreements.

  • Our Capital Markets and Corporate advisory services recognises the often multi-jurisdictional nature of emerging market endeavours.

    • Early to late phase capital raisings (private placements - public offerings)

    • Pre-listing preparation, listings, secondary issuances

    • Group structuring, reorganisations, unbundlings

    • Acquisitions, dispositions, trade sales and exists

    • Joint ventures and strategic alliances

    • Due diligence and transaction support

    • Document drafting and regulatory submissions

    • Stakeholder engagement

    • Applicable Mineral Resources and Reserves Reporting Codes and regulatory requirements.

  • Thrace’s wide network and relationships with local counsel, advisors, government, and other sector participants in several emerging mining jurisdictions enables specific due diligence and other risk evaluation briefing capability.

    • Risk analysis and assistance with diligence across a range of matters

    • Briefing local counsel with respect to security of tenure opinions, opinions of good standing, and regulatory compliance, when a client is raising capital, completing listings, acquiring or disposing of an asset, or other applicable processes

    • Policy and regulatory framework risk analysis to screen for jurisdictional risk relevant to a project or endeavour under consideration

    • Management of due diligence and related processes for listings, private placements or other corporate or commercial transactions.

  • Our first-hand experience operating in emerging markets underpins a range of client assistance including:

    • Stakeholder engagement, negotiation, and management

    • Government relations.

  • Policy and Regulatory Frameworks - Analysis and Formulation

    • Thrace’s team has extensive hands-on experience in emerging and established mining jurisdictions leading or advising mineral resources companies, government, and engaging with regulators

    • Our experience is across a wide range of mineral resources and mining regulatory frameworks

    • This experience underpins our ability to provide governments with pragmatic policy and regulatory framework analysis, formulation and insights, and also to assist industry looking to influence outcomes

    • Significant assignments include the completion of an advisory and consulting assignment for a major middle eastern government alongside of other international advisors. The assignment related to the drafting of regulations to a new non-hydrocarbon mining investment law and related fiscal regime. The process included significant cross work stream interaction with corporate, technical and other advisors internationally, and also significant analysis and benchmarking of regulatory frameworks and policies of emerging and established mining jurisdictions in order to present regulatory and fiscal recommendations that met the client’s objectives.

    Assisting clients to navigate the unique context presented in emerging markets:

    • Unique local conditions and considerations

    • Governance considerations

    • Regulatory considerations

    • Strategy and tactics analysis, formulation, and competitive positioning at project, commercial or corporate levels

    • Director placement - nominee or independent non-executive director board representation.

    • We assist our clients to access technical, corporate, legal, financial, and other specialists required for a particular undertaking.