Industry Trend Analysis - Mining - Weekly Projects Round-up & Developments - AUG 2016


Canada's iron ore producers will continue to focus on optimising operations at existing mines over investing in new projects, in the ongoing effort to cut costs in a subdued iron ore price environment over the coming quarters.

  • Rio Tinto's July 3 decision to shelve the firm's flagship Simandou iron ore project will temper Guinea's iron ore output and economic recovery in the years ahead.

  • China's bauxite production growth will slow on the back of declining ore grades and depleting reserves. Over the long term, demand from the aluminium industry will ensure that imports will strengthen.

  • Sluggish Growth Ahead
    Canada - Iron Ore Production (mnt) & Growth (% y-o-y)
    f = BMI forecast. Source: BMI, USGS

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