Business Monitor International


Zimbabwe Mining Report

Published 01 April 2014

  • 75 pages
 
$1,295.00
Zimbabwe Mining Report

BMI View: Zimbabwe will achieve solid mining sector growth over our forecast period to 2018. Platinum production will be the main driver of growth, while growth in diamond output will be moderate and the country will remain a very small producer of gold. Weak global commodity prices and a deteriorating business environment will present downside risk to our forecasts.

Zimbabwe is richly endowed with deposits of chrome, gold, nickel, diamonds and platinum, among other minerals. Its gold reserves are among the largest in Africa, while it has the world's second-largest platinum reserves. Diamond reserves are measured to be the second-largest globally after Russia.

Solid Growth Outlook
Zimbabwe - Gold, Diamonds And Platinum Production

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
9
Diamonds: Huge Potential Fraught With Risks
9
Table: Diamond Production (Zimbabwe 2010-2018)
11
Gold: Modest Growth Outlook
11
Table: Key Gold Projects In Zimbabwe
12
Table: Gold Production Forecast (Zimbabwe 2010-2018)
13
Platinum: Promising Growth Outlook
13
Refinery Decision Finally Made
15
Table: Zimbabwe - Major Platinum Projects
15
Political Risks Weigh Heavily On Sector
15
Table: Platinum Production (Zimbabwe 2010-2018)
16
Industry Risk Reward Ratings
17
Risk/Reward Ratings
17
Botswana On Top
18
Table: Africa - Mining Risk/Reward Ratings
19
South Africa: Still Ranking Highly
19
Lower Gold Prices Reduce Rewards
20
Risk/Reward Ratings
22
Rewards
22
Industry Rewards
22
Country Rewards
22
Risks
23
Industry Risks
23
Country Risks
23
Table: Zimbabwe - Main Mining Projects & Expansions
24
Table: Mining Industry Forecasts (Zimbabwe 2010-2018)
24
Regulatory Development
26
Regulatory Underperformance
26
Beneficiation Drive
26
Structure, Law & Royalties
27
Corruption
27
Tax Regime
28
Table: Zimbabwe - Political Overview
28
Table: Africa: Mining Regulatory Outlook
29
Commodities Forecast
31
Commodity Strategy
31
Iron Ore: Not Much Respite In Sight
31
Steel: Production Rationalisation Too Slow To Provide Price Upside
33
Aluminium: Further Price Rally Unlikely
34
Lead: Ripe For A H214 Boost
35
Copper: Consensus Moving Our Way
36
Nickel: Price Surge To Abate Further
37
Tin: In A Sweet Spot
38
Zinc: Bullish Short-Term Picture
39
Table: Select Commodities - Performance & BMI Forecasts
40
Competitive Landscape
42
Table: Southern Africa - Largest Listed Mining Companies
43
Company Profile
45
African Consolidated Resources
45
Impala Platinum
47
Table: Impala Platinum - Key Financial Data
50
Regional Overview
52
Mining - Africa Overview
52
Key Opportunities
52
1
52
2
54
3
55
Key Challenges
56
1
56
2
57
3
58
Table: Africa - Key Mining Regulatory Developments
59
Global Industry Overview
61
Challenges
61
Table: Mining - Select M&A Deals
65
Cause For Optimism
68
Methodology
75
Industry Forecast Methodology
75
Sources
76
Risk/Reward Rating Methodology
77
Table: Weighting Of Indicators
79

The Zimbabwe Mining Report has been researched at source and features Business Monitor International (BMI)'s mining and commodity forecasts for metals, minerals and gems, covering all major indicators including reserves, production, exports and values. The report also analyses trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Zimbabwe Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Zimbabwe.

Key Benefits

  • Use BMI's independent industry forecasts on Zimbabwe to test other views - a key input for successful budgeting and planning in this mining market.
  • Target business opportunities and risks in Zimbabwe's mining sector through our reviews of latest mining industry trends, regulatory changes and major deals, projects and investments in Zimbabwe.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity), Key Projects Tables and Competitive Landscape Tables.

Coverage

Executive Summary

Summary of BMI's key forecasts and industry analysis, covering mining reserves, supply, demand and prices, plus analysis of landmark company developments and key changes in the regulatory environment.

Business Environment Ratings

BMI's Mining Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (mining companies and support service providers) in the regional mining market. The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Ratings products.

Key Projects

Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by metal/ore.

BMI Industry Forecasts

Historic data series (2009-2012) and forecasts to end-2017 for all key industry and economic indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast. Indicators include:

  • Mining Industry: Industry size (US$mn), real growth (%), % of GDP, employment ('000), workforce as % of total workforce, average wage (US$).
  • Output:Production volumes ('000 tonnes, carats etc.) for all major metals, minerals, ores and gems mined in each state, including bauxite, copper, gold, coal, lead, silver, tin, titanium, uranium, zinc etc.
  • Exports: Value of exports (US$mn) for all major metals, minerals, ores and gems mined in each state .
  • Commodity Markets: Global demand, supply, stocks and benchmark prices (US$) for aluminium, copper, lead, nickel, tin, zinc, gold and steel.

BMI Macroeconomic Forecasts

BMI forecasts to end-2017 for all headline macroeconomic indicators, including real GDP growth (%), inflation (%), fiscal balance (% of GDP), trade balance (US$bn), current account (US$bn) and external debt (US$bn).

Competitive Landscape Tables & Analysis

Comparative company analyses and tables detailing by US$ sales, % share of total sales, number of employees, year established, market cap/NAV, ownership structure, production and % market share.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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