The politics of resources redefined™
The politics of resources redefined™
The politics of resources redefined™
The politics of resources redefined™
The politics of resources redefined™
The politics of resources redefined™
The politics of resources redefined™

Ratings update: Coal of Africa, Eni and Royal Dutch/Shell

Updates from the LicenseSecure database

A decision tool for senior executives and investors, Critical Resource’s LicenseSecure™
model assesses the likely level of political and stakeholder risk (or the health of the
‘socio-political license to operate’) for energy or mining projects. This ratings update
provides a rapid, confidential overview of selected changes to the database of LicenseSecure
ratings, with a focus on resource projects in the news.

Please note that the ratings below are provisional, based in part on open source analysis
and are not from client projects. (Full LicenseSecure analyses are in-depth, involve extensive
intelligence gathering and are confidential.)

Please note that the ratings below are provisional, based in part on open source analysis and
are not from client projects. (Full LicenseSecure analyses are in-depth, involve extensive
intelligence gathering and are confidential.)

No part of this publication may be copied or distributed in any form without the prior written permission of Critical Resource.