Business Monitor International


Zimbabwe Mining Report

Published 01 April 2014

  • 75 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Zimbabwe Mining Report

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
Metals SWOT
8
Industry Forecast
9
Diamonds: Huge Potential Fraught With Risks
9
Table: Zimbabwe - Diamond Production
11
Gold: Modest Growth Outlook
11
Table: Key Gold Projects In Zimbabwe
12
Table: Zimbabwe - Gold Production
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: Zimbabwe - Platinum Production
16
Industry Risk Reward Ratings
17
Risk/Reward Ratings
17
Lower Gold Prices Reduce Rewards
17
Table: Africa - Mining Risk/Reward Ratings
18
Reduced Rewards For Copper Mining
18
Mixed Rankings For West Africa
19
Substantial Rewards In Southern Africa
19
Lack Of Uniformity In Regulatory Development
20
Political & Infrastructure Risks Lurk
21
Country Highlights
22
South Africa: Deteriorating Environment For Mining Companies
22
Mozambique: Mining Sector Set To Boom
23
Botswana: All Round Outperformer
23
Market Overview
24
Table: Zimbabwe- Key Mining Projects
25
Table: Zimbabwe - Mining Industry Value And Production
27
Regulatory Development
28
Regulatory Underperformance
28
Beneficiation Drive
28
Structure, Law & Royalties
29
Corruption
29
Tax Regime
30
Table: Zimbabwe - Political Overview
30
Table: Africa: Mining Regulatory Outlook
31
Commodities Forecast
33
Commodity Strategy
33
Steel: Subdued Medium Term Outlook
35
Aluminium: Despite Recent Upswing, Underperformance To Persist
36
Copper: No Time To Celebrate Yet
37
Lead: Outperformance On The Cards
38
Nickel: Sideways Movement In Weeks Ahead
39
Zinc: Positive Momentum To Continue
41
Table: Select Commodities - Performance & BMI Forecasts
42
Table: BMI Commodities Strategy
43
Competitive Landscape
44
Table: Southern Africa - Largest Listed Mining Companies
45
Company Profile
47
African Consolidated Resources
47
Impala Platinum
49
Table: Impala Platinum - Key Financial Data
52
Regional Overview
54
Mining - Africa Overview
54
Key Opportunities
54
1
54
2
55
3
56
Key Challenges
57
1
57
2
58
3
59
Table: Africa - Key Mining Regulatory Developments
60
Global Industry Overview
61
Methodology
73
Industry Forecast Methodology
73
Sources
74
Risk/Reward Rating Methodology
75
Table: Mining Risk/Reward Ratings Indicators
77
Table: Weighting Of Indicators
78

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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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc