Despite the recent rally in prices, Anglo American will remain committed to selling its Kumba iron ore mine in South Africa. Production of iron ore in South Africa is set to stagnate at 75mnt from 2017-2021, as iron ore prices gradually decline over the coming years and regulatory and infrastructure challenges persist.
Botswana's government's efforts to develop the coal mining sector will yield steady progress, supported by low operating costs, a solid project pipeline and rising domestic demand. Nonetheless, the government's coal initiatives within the context of reducing dependence on the diamond sector will face headwinds from subdued coal prices and the outsized value of the diamond sector.
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.
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Thanks, BMI Research