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Follow on Google News | Zambia Mining Report Q2 2011: New research report available at Fast Market ResearchFast Market Research recommends "Zambia Mining Report Q2 2011" from Business Monitor International, now available
Copper Output To Pass 1mtpa In 2013 Copper mining will remain the mainstay of Zambia's mining sector, with output reaching 1.3mnt (million tonnes) in 2015, from 819kt (thousand tonnes) in 2010, marking average growth of 8.1% per annum. Much of this growth will be driven by First Quantum, which expects to start to produce 190ktpa (thousand tonnes per annum) by 2014 at the Sentinel deposit and is increasing output at the Kanshanshi mine from 250 to 400ktpa in 2015. We expect the country's copper production will surpass 1mntpa (million tonnes her annum) in 2013, a year later than the Zambian government forecasts. The company appears to be focusing on Zambia as the centre of its African growth opportunities, after the legal wrangling with the DRC government over the Frontier mine. The other major contributor to growth will be Vedanta Resources, which is doubling output at the Konkola mine to 400ktpa in 2015. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ Cobalt will exhibit similar levels of growth to copper as the two metals are generally mined together. In the short term, Equinox Minerals plans to double output at its Lumwana mine to 4.0ktpa in 2011. In addition, First Quantum's Kanshashi mine is expected to increase cobalt production from 3.5 to 5ktpa in 2015. Overall, we expect Zambia's cobalt production to reach 13.4ktpa in 2015, marking average growth of 8.9% per annum from 8.8kt in 2010. Regulatory Environment Zambia's mining sector has been highly amenable to foreign investment since the privatisation of the state controlled Zambia Consolidated Copper Mines (ZCCM) at the end of the 1990s. Indeed, while one of the opposition parties, the Patriotic Front, has stated that it seeks greater control of the mining sector and will increase taxes on mining companies, our country risk team expect the ruling party to remain in power and sustain the country's investor-friendly outlook. Aside from its substantial high-grade copper reserves, Zambia's mining sector is favourable to mining companies as the government recently ruled out the reintroduction of the windfall tax on mining companies' profits. This gives Zambia a competitive advantage over other large copper producers such as Australia, Chile and Peru where levies on mining output have been proposed or already implemented. Going forward, we expect Zambia to remain a business friendly environment as foreign investment in the country's mining sector is a key part of the Zambian government's plans to maintain strong growth over the coming years. Key Players Zambia's mining sector is dominated by a few foreign copper mining companies, most notably First Quantum and Vedanta Resources. We forecast the sector will remain dominated by foreign mining companies as the government has privatised all the former state assets involved in mining and has given no indication of plans to re-enter the sector. We expect to see the sector remain consolidated as most of the growth plans have been announced by companies already present in the country. That said, Vale is set to enter the sector with the development of the 50ktpa Konkola North copper mine in 2012. This mine is part of Vale's plans to invest between US$15-20bn in Africa over the next five years, from US$2.5bn in 2010. Report Table of Contents: SWOT Analysis - Zambia Political SWOT - Zambia Economic SWOT - Zambia Business Environment SWOT Global Mining Outlook - Table: Main Frontier Mining Projects - Table: Lower Grades At Key Mines - Table: Uranium Developments - Table: Regulatory Issues - Table: Other Developments Industry Trends And Developments - Table: Main Projects - Table: Zambia's Mining Industry, 2008-2015 Africa Mining Business Environment Ratings - Africa Business Environment Ratings Political Outlook Industry Forecast - Copper: Quantum Leap In Output Past 1mntpa In 2013 - Table: Largest Expansion Plans - Table: Zambian Copper Production, 2008-2015 - Cobalt: Rapid Growth At End Of Forecast Period - Table: Main Projects - Table: Cobalt Production, 2008-2015 Regulatory Development Competitive Landscape - Table: Key Data, 2010 (US$mn) Company Monitor - Vedanta Resources - First Quantum Commodities Forecasts - Aluminium - Copper - Lead - Nickel - Tin - Zinc - Gold Global Assumptions - Table: Global Assumptions, 2009-2015 - Table: Regional Real GDP Growth, 2010-2013 (% change y-o-y) - Table: Selected Exchange Rates, 2010-2013 (average) - Developed States - Table: Developed States' GDP Growth, 2010-2013 (% change y-o-y) - Emerging Markets - Table: Emerging Market's GDP Growth, 2010-2013 (% change y-o-y) - Consensus Forecasts - Table: Consensus Forecasts, 2011 And 2012 Business Environment Ratings Methodology - Table: Mining Business Environment Indicators - Table: Weighting Of Components About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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