Ghana Mining Report Q2 2016

Date: March 2, 2016
Pages: 46
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: Ghana's mining sector will remain heavily reliant on gold production and, as such, will face severe headwinds over the next few years as prices of the commodity come under increasing pressure globally.

Latest Developments & Structural Trends
  • Ghana's mining sector growth will be affected by a lack of diversity, as the country's gold sector accounts for about 90.0% of total mineral exports. An ongoing decline in global prices will therefore pose a major threat to the growth of Ghana's mining sector going forwards, with prices forecast to average USD1,045/ USD during 2016-20120. Falling prices will put increased pressure on the profit margins of the country's gold miners, with many firms, including market leader Newmont Mining, moving to cut expenditure in the face of falling revenues. Despite gold price weakness, the country's mining sector will remain an important component of Ghana's economy through the next few years.
  • Gold mining firm Rangold Resources has ended a contract for redeveloping AngloGold Ashanti's Obuasi gold mine in Ghana. The move follows efforts by both the companies to improve the project's returns. The companies had announced a deal in September 2015 to form a joint venture to redevelop and operate the mine. Randgold had agreed to lead and fund a development plan designed to rebuild the operation. As such, we revised our gold production forecast for Ghana down from -1.6% to -2.5% and 0.5% to -1.0% for 2016 and 2017, respectively.
BMI Industry View
  Table: Ghana Mining Industry Value
Latest Developments & Structural Trends
Industry Forecast
Ghana Gold: Price Weakness To Subdue Growth
Latest Developments
  Table: Ghana - Gold Production & Growth
Structural Trends
Government Shows No Sign of Easing Taxes
Industry Risk Reward Ratings
Ghana - Risk/Reward Index
Industry Rewards
Country Rewards
Industry Risks
Country Risks
Regional Overview
  Table: SSA - Government Involvement In Mining Sector
Regulatory Development
Trade & Investment Risk Analysis
Commodities Forecast
Commodities Outlook
  Table: BMI Commodities Price Forecasts
Competitive Landscape
  Table: Africa - Financial Data, 2014
Company Profile
Newmont Mining
  Table: Newmont Mining - Key Financial Data
Global Company Strategy - AngloGold Ashanti - Q2 2016
Latest Results
  Table: AngloGold Ashanti - Key Financial Data
Regional Overview
Africa: Major Risks Remain
Key Takeaways
Latest Revisions
  Table: Africa - Mining Risk/Reward Index
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Weighting Of Indicators
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Ghana Mining Report Q1 2016 US$ 1,295.00 Nov, 2015 · 44 pages
Ghana Mining Report Q3 2016 US$ 1,295.00 Jun, 2016 · 50 pages

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