Turkey's mining sector will expand at a steady pace through our forecast period to 2020, with the failed coup in July 2016 having no effect on mining operations. Nevertheless, increased incidences of civil and environmental protests will pose challenges while an increasingly favourable investment climate encourages new entrants into the industry.
Global gold production growth will be positive though weak. Investment will be boosted by through a modest rebound in prices over the coming years. As gold prices reach a floor in the first half of 2016, Chinese firms will ramp up outbound investment activity to procure low-cost gold for the domestic market.
Peabody Energy's bankruptcy highlights the extent of the industry's rout, giving way to further consolidation. The announcement comes on the back of industry-wide challenges, namely high debt levels, low energy prices and increasingly stringent environmental regulations.
A member of our Client Services team will be in touch soon to arrange a convenient time for a free demonstration of the service. If your enquiry is urgent, please email our team here.
Thanks, BMI Research