Philippines Mining Report 2016 - Business Monitor International - Industry Reports

Philippines Mining Report 2016

Philippines Mining Report 2016 - Business Monitor International - Industry Reports
Philippines Mining Report 2016
Published Feb 20, 2016
51 pages — Published Feb 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We have revised our production forecasts for Philippines metals production downwards in reflection of a sharper than expected fall in price levels for a number of commodities and the subsequent scaling back of domestic output. Philippines nickel production fell by more than -- during the first -- months of ----, according to Bloomberg data, due to a collapse in Chinese demand, and we expect output to contract by about - in ----. ...Philippines gold output will expand by -.- in ----, down from about -- in ----. In January ----, St. Augustine Gold and Copper Limited announced that the Philippine Government had approved the Declaration of Mining Project Feasibility (DMPF) for the King-king Copper-Gold Project located in Mindanao. The mine project is expected to produce -.-mn oz (moz) of gold over its lifespan. ...In January ----, St. Augustine Gold and Copper Limited announced that the Philippine Government had approved the Declaration of Mining Project Feasibility (DMPF) for the King-king Copper-Gold Project located in Mindanao. The mine project is expected to produce -.-mn oz (moz) of gold over its lifespan.

...We remain below consensus with regard to our copper price outlook; we forecast copper prices to average USD-,---/tonne in ----. Prices will begin growing again from ----; however, do not expect prices to return to the USD-,------,---/tonne range seen in previous years. ...We forecast production to contract by a further -.- in ----. In October ----, Philex Mining Corp said it had found additional ore reserves at its Padcal copper-gold project that will extend the mine s life by two more years to ----. We forecast production to contract by a further -.- in ----. ...In October ----, Philex Mining Corp said it had found additional ore reserves at its Padcal copper-gold project that will extend the mine s life by two more years to ----.

...Subdued prices will weaken the incentives for miners to undertake new investment in the Philippines, particularly given that the country presents other operational challenges and thus imposes additional costs. Glencore Xstrata announced its departure from the massive Tampakan copper-gold project in January ----, citing weak market conditions and roadblocks caused by environmental concerns. ...

  
Source:
Document ID
1755-8522
Country
Industry
Format:
PDF Adobe Acrobat
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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. "Philippines Mining Report 2016" Feb 20, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Mining-Report-2016-2026-779>
  
APA:
Business Monitor International - Industry Reports. (2016). Philippines Mining Report 2016 Feb 20, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Philippines-Mining-Report-2016-2026-779>
  
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