Kazakhstan Mining Report Q1 2011
Business Monitor International, January 2011, Pages: 60
The Kazakhstan Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Kazakhstan's mining industry.
Kazakhstan is endowed with large reserves of a wide range of high quality resources, and is a major producer of key metallic ores including copper, iron ore, bauxite, manganese, gold, lead, zinc and chromite. The country ranks among the region's largest coal producers and is currently the world's leading producer of uranium, having overtaken Canada and Australia in 2009 after achieving output of 12,200 tonnes, which was about 25% of global production. Going into 2011 and over our forecast period to 2014, we remain optimistic about Kazakhstan's mining sector, given the vast potential of the country's worldclass resource base and the government's plan to increase output of key commodities such as coal, uranium and iron ore and double mineral exports within the next five years. As such, we expect the value of the mining sector to reach US$52.5bn by 2014, more than double the expected value in 2010. We also expect increasing government involvement in and regulation of the sector, in the form of increased tax burdens on companies as the sector grows in strategic and economic importance.
Regulatory Environment The constitution of the Republic of Kazakhstan vests ownership of mineral resources in the state. The constitution states that land may be privately owned, but underground resources are state property. The controlling body for the mining industry is the Ministry of Energy and Mineral Resources. Given the strategic and economic importance of the mining sector, the government is supportive of the industry and institutes a generally positive investment climate, although it has also shown that it will intervene when necessary. For instance, in October 2010, the government suspended a proposed takeover deal between Russian gold miner Polyus Gold and Kazakhstan's leading gold miner KazakhGold due to contractual violations and allegations of fraud. Additionally, the government raised tax rates earlier in 2010 when metal prices were high and miners were making substantial profits.
Key Players Kazakhstan's mining sector is dominated by global diversified miner Kazakhmys, zinc specialist Shalkiyazinc, Eurasian National Resource Corp (ENRC) and the country's largest gold producer KazakhGold. In the coming years, we expect the sector to become more competitive and increasingly fragmented, with the influx of foreign companies encouraged by the vast potential of the country's mining sector.
SWOT Analysis
Kazakhstan Pharmaceuticals And Healthcare SWOT
Kazakhstan Political SWOT
Kazakhstan Economic SWOT
BMI Industry View
Kazakhstan
Regulatory Environment
Key Players
Industry Trend Analysis
Kazakhstan
Table: Kazakhstan Mining Industry
Global Mining Outlook
Continued Exploration Due To Strong Earnings
Table: Expansion Plans
Table: Tax Developments
Table: Mining Sector Developments
Upward Revision To Coal Production Forecast
Table: Kazakhstan Hard Coal Production
Copper: Output To Slow, Then Grow Rapidly
Table: Major Copper Projects In The Pipeline
Table: Kazakhstan Copper
Gold: Output To Grow
Major Gold Projects In The Pipeline
Table: Kazakhstan Gold
Uranium: Production To Grow In The Coming Years
Table: Kazakhstan Uranium Production
Zinc & Lead Set For Growth Over Forecast Period
Table: Zinc & Lead Output Growth
Iron Ore Production Set For Rapid Growth From 2013
Table: Growth In Iron Ore Output
Bauxite Production Set For Modest Growth
Table: Growth In Bauxite Output
Business Environment Analysis
Russia Leads The Pack
Table; Europe Business Environment
Russia
Kazakhstan
Mongolia
Romania
Commodities Forecast
Gold To Average US$1,400/oz In 2011
Table: BMI Gold Forecast
Table: Gold
Tin To Average US$24,000/tonne In 2011
Table: BMI Tin Forecast
Table: Tin, 2006-2012
Competitive Landscape
Key Players
Company Monitor
Kazakhmys PLC Q1 2011
Table: Key Company Data (Five-Year Summary)
KazakhGold Group Limited
Table: Key Company Data (Five-Year Summary)
ShalkiyaZinc
ENRC
Global Assumptions Q111
Table: Global Assumptions
Table: Global & Regional Real GDP Growth % Chg Y-O-Y
Table: Developed States, Real GDP Growth Forecast
Table: Emerging Markets Aggregate Growth
Table: BMI Versus Bloomberg Consensus
Business Environment Ratings Methodology
Table: Mining Business Environment Indicators
Table: Weighting Of Components
- Kazakhmys PLC
- KazakhGold Group Limited
- ShalkiyaZinc
- ENRC
Product Samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
