|
|
 |
|
Viewing report
|
|
|
|
Mozambique Mining Report Q2 2010
Business Monitor International, March 2010, Pages: 39
Mozambique Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Mozambique's mining industry.
Kenmare To Expand Moma?
February 2010 saw increased media speculation that Kenmare is looking to expand its Moma project, to take advantage of increasing demand for titanium around the world. Mining MX reported that Kenmare is investigating a 50% expansion of the project, which would take output to 1.2mn tpa of ilmenite in 2012. The cost of the expansion has been estimated at some US$200mn. Mining MX also cited the CEO of Kenmare, Michael Carvill, as saying the company had a number of options for raising capital to fund this expansion, including raising debt or bringing in a strategic partner. Kenmare posted a loss of US$200,000 during H109 – a result of high capex and development spending.
New Data
For 2010, the authors have made significant changes to the way in which we forecast mining data. As well as using local statistics agencies and associations, we now also draw on the expertise of the UN’s Industrial Commodity Statistics Database, the US Geological Survey and the World Bureau of Metal Statistics for our historical export and production data. We then forecast this data using our own proprietary econometric model. Human intervention also plays a necessary and desirable role in our mining forecasting; experience, expertise and knowledge of industry trends and developments ensuring that we can spot likely future changes and anomalous data that a purely mechanical model would not.
Country Overview
Mozambique is rich in mineral resources including gold, marble, heavy minerals from coastal sands, pegmatite, iron ore, diatomite, bentonite, tantalite, graphite, precious and semi-precious stones, bauxite, granite, phosphates, clays, asbestos, beryllium and mica. In recent years, coal mining has also been a key growth area for Mozambique. There are several high-profile mining projects underway in the African nation, including Vale’s US$1.5bn Moatize coal project and Kenmare Resources’ US$450mn Moma titanium project.
Industry Forecast
Mozambique is in the process of developing its rich endowments of titanium and coal in particular. We believe that the scene is set for quick sectoral growth across our forecast period to 2014. Areas that need to be addressed by the government include the tackling of corruption and improving infrastructure. The authors believe that the Mozambican mining sector can reach an average annual growth rate of 8.6% across our forecast period. Many new mining facilities are scheduled to start production over the coming years, which should boost overall output levels.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
Mozambique Mining Report Q1 2010
Mozambique Mining Report Q1 2011
Mozambique Mining Report Q3 2009
Mozambique Mining Report Q4 2009
Brazil Mining Report Q4 2010
Zambia Mining Report Q4 2010
Brazil Mining Report Q1 2012
Mozambique Mining Report Q2 2009
Malaysia Mining Report 2011
Australia Mining Report Q2 2012
|
|
|
|
