I’m sorry, I don’t know. It’s way above my pay grade. We don’t really cover geopolitics on this site; it’s about careers and recruiting in the finance industry for students and professionals. I have no idea what to do if your transport convoys are getting attacked in a war zone.

How to handle circumstances related to geopolitics and war in valuations? For example, probably the biggest ticking time bomb in industrial mining in Africa is the Essakane gold mine located at the center of jihad in the Sahel where the borders of Burkina Faso, Mali, and Niger meet. A transport convoy to the mine got ambushed and wiped out by jihadists.

Well, yes, sure, mining has always equaled geopolitics + political science + actual science. I made this point here because a lot of people think that “mining” is confined to places like Canada or Australia.

Yes, eventually.

Infrastructure is specialized, but less so than groups like FIG or oil & gas. It’s more in-line with real estate, where it’s mostly specialized if you work on deals involving individual assets and less so if you work on corporate-level deals. But the infrastructure IB article is due for an update, so we’ll publish a new version later this year.