DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/024b4a/zambia_mining_repo) has announced the addition of the "Zambia Mining Report Q2 2011" report to their offering.
Business Monitor International's Zambia Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Zambia's mining industry.
Zambia's mining sector is set to continue its recovery seen over the last decade. The country had seen declining copper output throughout the 1990s but a mixture of low taxes, privatisation and elevated copper prices has seen a substantial boost to investment and output. This report expects the value of the mining sector to reach US$1.35bn by 2015 from US$590mn in 2010, marking an annual average growth rate of 7.5%.
Copper Output To Pass 1mtpa In 2013 Copper mining will remain the mainstay of Zambia's mining sector, with output reaching 1.3mnt (million tonnes) in 2015, from 819kt (thousand tonnes) in 2010, marking average growth of 8.1% per annum. Much of this growth will be driven by First Quantum, which expects to start to produce 190ktpa (thousand tonnes per annum) by 2014 at the Sentinel deposit and is increasing output at the Kanshanshi mine from 250 to 400ktpa in 2015. This research expects the country's copper production will surpass 1mntpa (million tonnes her annum) in 2013, a year later than the Zambian government forecasts. The company appears to be focusing on Zambia as the centre of its African growth opportunities, after the legal wrangling with the DRC government over the Frontier mine. The other major contributor to growth will be Vedanta Resources, which is doubling output at the Konkola mine to 400ktpa in 2015.
Cobalt will exhibit similar levels of growth to copper as the two metals are generally mined together. In the short term, Equinox Minerals plans to double output at its Lumwana mine to 4.0ktpa in 2011. In addition, First Quantum's Kanshashi mine is expected to increase cobalt production from 3.5 to 5ktpa in 2015. Overall, we expect Zambia's cobalt production to reach 13.4ktpa in 2015, marking average growth of 8.9% per annum from 8.8kt in 2010.
Key Topics Covered:
Executive Summary
SWOT Analysis
Global Mining Outlook
Industry Trends And Developments
Africa Mining Business Environment Ratings
Political Outlook
Industry Forecast
Regulatory Development
Competitive Landscape
Company Monitor
Commodities Forecasts
Global Assumptions
Business Environment Ratings Methodology
Companies Mentioned:
- Vedanta Resources
- First Quantum
For more information visit http://www.researchandmarkets.com/research/024b4a/zambia_mining_repo