Ghana Mining Report Q1 2013

  • ID: 2356137
  • December 2012
  • Region: Ghana
  • 65 pages
  • Business Monitor International
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  • AngloGold Ashanti
  • Company Profiles
  • Gold Fields
  • Newmont Mining
  • MORE

BMI View: Ghana is set to remain Africa's second-largest gold producer after South Africa as investment continues to flow into the mineral-rich country. The country also boasts one of the most favourable business environments in the region with a democratic and stable government, which contrasts sharply with many of its resources-rich neighbours. Ghana's mining sector is set to reach US$757mn in 2017, up from the US$637mn seen in 2011 as bauxite and gold production see substantial increases. This marks a significant break from the past decade where the mining sector value has barely risen as gold output has declined, offsetting much of the increases in price. We expect gold to be the main driver of growth, but we see bauxite playing a growing role in the mining sector over the coming years.

Ghana contains the second largest area of gold deposits in Africa, after South Africa. The nation derives the bulk of its external revenue from gold mining, which accounts for over 90% of Ghana's total mineral exports. Apart from gold, Ghana also produces significant quantities of bauxite, manganese and diamonds, although diamond output has been affected by the 2007 closure of Ghana Consolidated READ MORE >

Note: Product cover images may vary from those shown
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  • AngloGold Ashanti
  • Company Profiles
  • Gold Fields
  • Newmont Mining
  • MORE

BMI Industry View 5

SWOT Analysis 6

Ghana Mining Sector SWOT 6

Ghana Business Environment SWOT 7

Global Mining Outlook 8
Table: Recent Tax Increases 8

Africa Mining Sector Outlook 15
Table: Recent Government Intervention 16

Market Overview 20

Mining Industry To Be Overshadowed By Oil 20
Table: Ghana – Mining Industry Value & Production 22

Industry Forecasts 23

Bauxite: Sector Feels Benefits Of Chinese Investment 23
Table: Ghana – Bauxite Production 24

Gold: Newmont Expansion To Drive Growth 25
Table: Ghana – Key Gold Projects 26
Table: Ghana – Gold Production 26

Regulatory Development 27

Africa Business Environment Ratings 29
Table: African Government Intervention 29
Table: Africa – Mining Risk/Rewards Ratings 30

Competitive Landscape 35
Table: Comparative Metrics 36

Company Profiles 37

AngloGold Ashanti 37
Table: AngloGold Ashanti – Key Financial Data 40

Newmont Mining 41
Table: Newmont Mining Key Financial Data 44

Gold Fields 45
Table: Gold Fields – Key Financial Data 47

Commodity Strategy 48

Monthly Metals Update 48

Iron Ore: No Sustained Recovery 50

Steel: Temporary Relief 51

Aluminium: Respecting The Range 53

Copper: Relative Outperformer But Still Weak 55

Lead: Range-Trade Ahead 56

Nickel: Gains To Falter 57

Tin: Outperformance To Continue 59

Zinc: Little Room For Optimism 60
Table: Select Commodities – Performance & BMI Forecasts 61

Business Environment Ratings Methodology 62
Table: Mining Business Environment Indicators 63
Table: Weighting Of Components 64

Note: Product cover images may vary from those shown
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Company Profiles
AngloGold Ashanti
Newmont Mining
Gold Fields

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown


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