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Follow on Google News | Zinc Mining Market in South & Central America to 2020This report provides key information and analysis of the South and Central America zinc mining industry, comprising Peru, Mexico, Bolivia and Brazil.
By: Rajesh Gunnam The new report* shows that the promise of revenue will encourage miners to exploit local reserves, but warns that the economic honeymoon period is set to end, as governments act to take advantage of this strong revenue stream. Enormous zinc reserves, located across Peru, Mexico, Brazil and Bolivia, act to spur on growth in South and Central America’s zinc mining industry. According to the United States Geological Survey (USGS), the region possesses the second largest zinc reserves in the world, and Peru and Mexico account for over 75% of this. Expansion of existing mines and new upcoming zinc projects are expected to boost the regional production during the next few years. The Antamina and Tajo Norte zinc mines, located in the Peruvian provinces of Huari and Pasco, are currently under expansion, with work at Antamina, the largest mine in the country, claiming an investment of $1.2 billion. For Sample Pages, please click or add the below link to your browser: http://www.gbiresearch.com/ Planned projects in Mexico are currently all in exploration and development stages, but aim to increase the region’s zinc mine production within the present decade, and have a combined capital expenditure of over $1.7 billion. These projects include Boleo, San Marcial, Pitarrilla and San Felipe mine developments, and if these projects progress on schedule, South and Central America’s zinc mine production could potentially see significant growth during the outlook period. The zinc mining industry in South and Central America is primarily export orientated, and during 2011 the region exported an estimated 3.6 million metric tons (MMt) of zinc ores and concentrates, while imports stood at an estimated 270 thousand metric tons. However, since 2000, zinc metal consumption in South and Central America has been on the increase, at a modest average annual growth rate (AAGR) of 2.5%, and in 2011 the region accounted for 7% of global consumption. Financial constraints are arising in the South and Central American zinc mining industry, however. A new royalty scheme in Peru, and expected royalty hikes in Brazil and Bolivia, show government objectives to maximize profits and preserve competitiveness in their national mining sectors. This could reduce mining companies’ profitability, but reflects the optimism surrounding the mining industry for future years. South and Central America produced an estimated 2.7 MMt in 2011, showing a significant increase from 1.5 MMt in 2000. During the outlook period 2012-2020, zinc mine production in the region is estimated to increase at a CAGR of over 1.5% to reach 3.4 MMt in 2020. This report provides key information and analysis of the South and Central America zinc mining industry, comprising Peru, Mexico, Bolivia and Brazil. The report covers the industry’s drivers and restraints, production, reserves, consumption and details of the country’s trade (imports and exports). This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GBI Research’s team of industry experts. GBI Research is a market-leading provider of business intelligence reports, offering actionable data and forecasts based on the insights of key industry leaders to ensure you stay up-to-date with the latest emerging trends in your markets. For further details, please click or add the below link to your browser: http://www.gbiresearch.com/ Visit our report store: http://www.gbiresearch.com For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: End
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