Business Monitor International


Zimbabwe Mining Report

Published 03 October 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

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, Platinum & Diamond Production

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
9
Diamonds: No Boom In Sight
9
Table: Diamond Production (Zimbabwe 2010-2018)
11
Gold: Weak Prices To Cap Output
11
Table: Key Gold Projects In Zimbabwe
12
Table: Gold Production Forecast (Zimbabwe 2010-2018)
13
Platinum: Greater Russian Involvement Ahead
13
Refinery Decision Finally Made
15
Table: Zimbabwe - Major Platinum Projects
16
Political Risks Weigh Heavily On Sector
16
Table: Platinum Production (Zimbabwe 2010-2018)
16
Industry Risk Reward Ratings
17
Risk/Reward Ratings
17
Rewards
17
Industry Rewards
17
Country Rewards
18
Risks
18
Industry Risks
18
Country Risks
18
Table: Zimbabwe - Main Mining Projects & Expansions
19
Table: Mining Industry Forecasts (Zimbabwe 2010-2018)
19
Africa Risk/Reward Ratings
20
Large Rewards On Offer - With Varying Degrees Of Risk
20
Gold Producers Lag The Pack
21
Largest Quarterly Change In South Africa
22
Table: Africa - Mining Risk/Reward Ratings
23
Regulatory Development
24
Regulatory Underperformance
24
Beneficiation Drive
24
Structure, Law & Royalties
25
Volatile Political Climate
25
Corruption
26
Tax Regime
26
Table: Zimbabwe - Political Overview
27
Table: Africa: Mining Regulatory Outlook
28
Commodities Forecast
30
Commodity Strategy
30
Ferrous Metals:
30
Steel: Prices To Remain Subdued
32
Non-Ferrous Metals:
33
Aluminium: Price Strength To Continue In Q314
33
Copper: Further Decline By Year's End
34
Lead: Constructive Price Outlook
35
Nickel: Moderation To Continue
36
Tin: Upside Ahead
37
Zinc: Consolidation Before Multi-Year Gains
39
Table: Select Commodities - Performance & BMI Forecasts
41
Competitive Landscape
42
Table: Southern Africa - Largest Listed Mining Companies
43
Company Profile
44
African Consolidated Resources
44
Impala Platinum
46
Table: Impala Platinum - Key Financial Data
48
Regional Overview
50
Chinese Quest For Minerals Undeterred
50
Table: Select Projects - Chinese Mining Investment In Africa
50
Look To West Africa For Rapid Growth
51
Tin Mining To Make A Comeback
52
Flurry Of Investment Into Southern African Coal
53
Changing Landscape For Precious Metals
54
Risks & Opportunities In Infrastructure
56
Global Industry Overview
58
Capex Cutbacks To Yield Rewards
58
M&A Activity To Pick Up
60
High Grade Opportunities In Iron Ore
60
Shifting Centre Of Growth For Platinum
61
Chinese & Indian Outbound Mineral Investment To Gather Pace
62
Shake-Up For Global Rare Earths Industry
63
Methodology
65
Industry Forecast Methodology
65
Sources
66
Risk/Reward Rating Methodology
67
Table: Weighting Of Indicators
69

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

BMI Industry View

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 Rankings

BMI's Mining Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (mining companies and support service providers) in the regional mining market. The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry rankings 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-2018 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-2018 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