Ghana Mining Report Q4 2012

  • ID: 2254623
  • September 2012
  • Region: Ghana
  • 60 pages
  • Business Monitor International
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The Ghana Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Ghana's mining industry.

Executive Summary Ghana is set to remain Africa's second-largest gold producer after South Africa as investment continues to flow into the mineral rich country. In addition, the country 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$1.83bn in 2016, from US$1.21bn in 2010 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 bauxite to play a growing role in the mining sector over the coming years.

Country Overview

Ghana contains the second-largest area of gold deposits in the African region after South Africa. The nation derives READ MORE >

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Executive Summary 5

SWOT Analysis 6

Ghana Mining Sector SWOT 6

Ghana Business Environment SWOT 7

Global Mining Outlook 8
Table: Recent Tax Increases 11
Table: Largest Coal Projects 13
Table: Major Frontier Mining Projects 13

Africa Mining Outlook 15
Table: Recent Government Intervention 16

Industry Trend Analysis 20

Boost To Growth Over Medium Term 20
Table: Ghana's Mining Industry Value & Production 21

Industry Forecasts 22

Bauxite Sector Feels Benefits Of Chinese Investment 22
Table: Ghana's Bauxite Production 23

Gold: Newmont Expansion To Drive Growth 23
Table: Ghana's Key Gold Projects 25
Table: Ghana's Gold Production 25

Regulatory Development 26

Africa Business Environment Ratings 28
Table: African Government Intervention 28
Table: Africa's Risk/Rewards Ratings 29

Competitive Landscape 34
Table: Select Companies – Comparative Metrics 35

Company Profiles 36

Gold Fields 36
Table: Gold Fields' Key Financial Data 37

AngloGold Ashanti 38
Table: AngloGold Ashanti's Key Financial Data 40

Newmont Mining 41

Financial Data 43
Table: Newmont Mining's Key Financial Data 43

Commodity Strategy 45

Monthly Metals Update 45

Aluminium: Substantial Support Around US$1,800/tonne 47

Copper: Relative Outperformer But Still Weak 48

Iron Ore: Temporary Resilience 49

Lead: Break Of Support Indicates Further Weakness Ahead 51

Ghana Mining Report Q4 2012

© Business Monitor International Ltd

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Nickel: Oversupply Pushing Prices Lower 52

Steel: Overcapacity To Keep Prices In Check 53

Tin To Outperform 54

Zinc: Downward Trend Continues 55
Table: Select Commodities – Performance & Forecasts (US$/tonne) 56

Business Environment Ratings Methodology 57
Table: Mining Business Environment Indicators 58
Table: Weighting Of Components 59

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