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Follow on Google News | New Market Research Report: Mongolia Mining Report Q3 2011Recently published research from Business Monitor International, "Mongolia Mining Report Q3 2011", is now available at Fast Market Research
Rapid Growth Across All Metals We expect a dramatic reversal of the trend of static growth in mining output, with rapid rates of growth across the mining complex over the coming years. From 2011 to 2015, we forecast an annual average growth rate of 31.4% in gold output to reach 791kozpa (thousand ounces per annum), and 46.2% growth in copper production to 720ktpa (thousand tonnes per annum). The phenomenal rates of growth in copper and gold output will be largely driven by the Oyu Tolgoi mine, a joint venture (JV) between Rio Tinto and Ivanhoe Mines, which is due to come online in 2013. This mine is set to be one of the largest copper and gold mines in the world and will make Mongolia a significant producer of both metals. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ In terms of coal production, we forecast an annual average growth rate of 17.0%, reaching 27.0mntpa (million tonnes per annum) by 2015. This increase will be driven by South Gobi, a subsidiary of Ivanhoe, which is increasing production at Ovoot Tolgoi, the country's largest coal mine, to 6.5mntpa by 2014. This growth will reverse the decline experienced over the last three years. There are substantial upside risks to our coal outlook as the Tavan Tolgoi mine, currently owned by the Mongolian government, is due to commence output by 2015. The annual production figures have yet to be released, but the mine is believed to contain 6bnt (billion tonnes) of reserves, making it one of the world's largest untapped coal deposits. Aside from these developments, Mongolia has great potential for further growth in mining output across all metals as very little of the country has been mapped. Therefore, it is likely that significant deposits of minerals are yet to be discovered. Regulatory Environment Mongolia has made significant progress over the last decade to improve its business environment. Most importantly, the government recently rescinded the 68% windfall tax which had been a great impediment to foreign investment into the country. The repeal of the tax led to a wave of investment including the completion of the Oyu Tolgoi agreement, which will bring billions of dollars of investment into the country. Recently, however, there has been a slight deterioration in the country's business environment as the government suspended almost half of the country's mining licenses on environmental grounds, having previously cancelled two exploration licenses for the Canadian miner Khan Resources. Key Players Mongolia's mining sector is dominated by Rio Tinto and Ivanhoe, but other smaller companies are active including Centerra Gold and Erdene Gold, both of which have substantial exploration projects. We expect the mining sector to become more fragmented going forward with numerous companies tempted by the country's mineral potential. Indeed, in addition to Rio Tinto, we expect other large-scale miners to enter the Mongolian mining sector, such as Vale, tempted by the country's considerable undeveloped coal reserves. Report Table of Contents: Global Mining Outlook - Table: Selected Companies' Q111 Production Results - Table: Recent Attempted Acquisitions - Table: Government Intervention - Table: Other Developments Industry Trends & Developments - Table: Largest Expansion Plans - Table: Growth Forecasts - Copper - Table: Main Copper Projects - Table: Copper Production - Gold - Table: Planned Gold Projects - Table: Gold Production - Fluorspar - Table: Key Projects - Table: Fluorspar Production - Coal - Table: Coal Projects - Table: Coal Production Industry Trend Analysis Business Environment Ratings - Table: Europe Business Environment Competitive Landscape Company Monitor - Ivanhoe Mines Ltd - Erdene Resource Development Ltd - Centerra Gold Methodology - Table: Table: Mining Business Environment Indicators - Table: 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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