Angola Mining Report Q2 2016

Date: February 17, 2016
Pages: 33
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: Despite a challenging outlook for commodities internationally, we are looking for Angola's mining sector to continue growing at a steady pace through the next few years as the government looks to mineral extraction as a means of diversifying the economy and easing its reliance on oil and gas exports. Diamonds will remain the mainstay of the industry, with state-owned mining company currently increasing production to mitigate recent price falls. A lack of sufficient mining-related infrastructure remains an ongoing obstacle to mining activity in the country and the government is looking increasingly to source much-needed investment by exploring partnerships overseas. We expect this to be a long-running theme which should create opportunities for investors and new entrants over the next few years.

Latest Updates And Developments
  • We have revised our estimations for diamond output upwards for 2015 following the recent release of provisional production data by Angola's Ministry of Geology and Mining. Angola's diamond production is, therefore, estimated to have grown by 5.6% in 2015 to 9.3mn carats. This increased level of output reflect recent contraction in Angola's diamond export revenues, which are estimated to have shrunk to USD1.1bn in 2015 due to a fall in global prices.
  • We are looking for mined diamond output to continue growing at a solid rate through the forecast period; we forecast production to increase by 4.1% in 2016 and to expand by 4.6% a year on average over 2016-2020.
  • We maintain our view that Angola's mining sector is well placed to expand over the next few years as the government looks to promote the diversification of Angola's economy. Further talks between the Angolan and Chinese governments in December 2015 illustrate the increased role that foreign investors are likely to play in developing the country's mineral deposits.
BMI Industry View
  Table: Angola Mining Industry Value (2013-2020)
Industry Forecast
Diamonds: Output To Rise As Government Plots Expansion
  Table: Diamond Production (Angola 2013-2020)
Structural Trends
Industry Risk Reward Ratings
Angola - Risk/Reward Index
Africa: Major Risks Remain
Key Takeaways
Latest Revisions
  Table: Africa - Mining Risk/Reward Index
Regulatory Development
Commodities Forecast
Commodities Outlook
  Table: BMI Commodities Price Forecasts
Competitive Landscape
  Table: Largest Mining/Natural Resources Companies In Sub-Saharan Africa
Company Profile
Regional Overview
  Table: SSA - Government Involvement In Mining Sector
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Weighting Of Indicators
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