Ghana Mining Report Q1 2013
Business Monitor International, December 2012, Pages: 65
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 Diamonds.
Key Players
AngloGold Ashanti is a global gold player, with operations in 10 countries: Argentina, Australia, Brazil,
Ghana, Guinea, Mali, Namibia, South Africa, Tanzania and the US. Its combined proven and probable ore reserves add up to 63.3 million ounces (moz). The company has two operations in Ghana: the Obuasi mine and the Iduapriem mine. Gold Fields is one of the world's largest gold producers, with attributable production of 3.6 million ounces per annum (mozpa) from eight operating mines in South Africa, Ghana,
Australia and Peru. It holds a 71% stake in its subsidiary, Gold Fields (Ghana). Newmont Mining is the world's largest gold producer, with significant assets and operations in the US, Australia, Peru, Indonesia,
Ghana, Canada, New Zealand and Mexico. In Ghana, the company has a land package covering approximately 3,380 square kilometres (km2). It has two development projects in Ghana: Ahafo and Akyem.
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
Company Profiles
AngloGold Ashanti
Newmont Mining
Gold Fields
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
