Democratic Republic of the Congo Mining Report - Business Monitor International - Industry Reports

Democratic Republic of the Congo Mining Report

Democratic Republic of the Congo Mining Report - Business Monitor International - Industry Reports
Democratic Republic of the Congo Mining Report
Published Sep 03, 2016
68 pages — Published Sep 03, 2016
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Abstract:

We expect copper prices to experience a mild rebound over the second half of ----, respecting the lows of the first half of the year, supported by production cuts. Our average forecast of USD-,---/tonne in ---- represents the bottom of copper s multi-year price decline, and we expect the metal to trend higher over our forecast period to ---- (see: Copper: The Worst Is Over June -). On May - ----, Freeport McMoran announced the divestment of the firm s Tenke Fungurume copper mine to China Molybdenum for USD-.-bn as the firm intends to reduce its debt load. On January -- ----, Gecamines and the China Nonferrous Metal Mining Company (CNMC) signed a non-binding memorandum of understanding to build factories at the firm s two existing mines, that could boost the current annual output of --,--- tonnes (kt) of refined copper to ---kt at full production capacity. Glencore s September - ---- decision to suspend operations at the firms Katanga mine will significantly impact DRC s copper production growth. ...High grade copper will become an increasingly important issue as some of the world s largest mines, such as Antamina in Peru, Escondida in Chile and Grasberg in Indonesia, are experiencing falling ore grades and higher extraction costs. We forecast DRC s copper output growth to ramp up beyond ----, averaging -.- during ---------.

...The country s regulatory uncertainty remains a key concern to the sector s long-term growth. Ongoing mineral policy uncertainty could deter new investment from entering the sector and halt new projects from coming online. ...Copper: We expect copper prices to experience a mild rebound over the second half of ----, respecting the lows of the first half of the year, supported by production cuts. Our average forecast of USD-,---/ tonne in ---- represents the bottom of copper s multi-year price decline, and we expect the metal to trend higher over our forecast period to ---- (see: Copper: The Worst Is Over June -). Glencore s September - ---- decision to suspend operations at the firm s Katanga mine will significantly impact DRC s copper production growth. ...We expect gold prices to continue edging higher in the coming quarters, as weak economic growth and higher inflation keep real interest rates low in major developed markets. We have slightly raised our ---- average price forecast from USD-,---/oz to USD-,---/oz (see: Gold: Weaker Growth Outlook Bolsters

...Resources (--- ) - - - Makala is one of Shalina Resources most advanced exploration projects Kalongwe Open Pit Regal Resources - -.- - The indicated mineral resources are ---mnt, with a grading of -.- copper. The project is at advanced exploration stage Kamoa Open Pit Ivanhoe Mines Govern-ment of DRC -.- - Steady-state production target of ---kt per year of blister copper. ...

  
Source:
Document ID
2397-432X
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Democratic Republic of the Congo Mining Report" Sep 03, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Democratic-Republic-of-the-Congo-Mining-Report-2026-1873>
  
APA:
Business Monitor International - Industry Reports. (2016). Democratic Republic of the Congo Mining Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Democratic-Republic-of-the-Congo-Mining-Report-2026-1873>
  
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