"Angola Mining Report Q1 2015" Published

Angola's mining industry is set to reach USD7.5bn in 2018, growing at an average rate of 5.3% a year. The rate of growth will remain stable thereafter, with diamonds providing the main thrust for production growth over the medium term. New areas of mining, including iron ore, copper and phosphates, are also receiving increasing international interest from investors and are expected to provide further momentum for Angola's mining sector over the long term. That said, we do not expect the mining sector to receive much attention from the government as the country's burgeoning oil sector attracts the lion's share of investment. Therefore, problems relating to mining such as poor infrastructure and stringent bureaucracy are unlikely to be resolved in the near term.

Government Aims Too Optimistic

Angola's government wants to boost diamond production by more than 20% in 2015. The potential increase is attributed to the launch of a major maintenance project on the Catoca mine, which produces 87% of Angola's diamonds. The country targets 9.5mn carats in production and 550,000 carats in artisanal production in 2015, according to Angola Geology and Mining Minister Francisco Queiroz. As yet, we see little chance that these aggressive expansion plans will come to fruition in the timeframe, primarily due to the country's infrastructure impediments. That said, we still forecast significant growth of around 5% in mining output, below the government's targets but still relatively high.

Full Report Details at
- http://www.fastmr.com/prod/900642_angola_mining_report_q1_2015.aspx?afid=301

Regulatory Environment To Boost Investment

Operators in Angola's mining sector are starting to reap the benefits of a new mining code, whose long-awaited introduction came into effect at the end of 2011. In compiling all existing mining laws and regulations, it is hoped that the new code will ensure greater cohesion in the country's natural resources sector than the original code that was introduced in 1992. The new legislation will...

The Angola Mining Report has been researched at source and features Business Monitor International (BMI)'s mining and commodity forecasts for metals, minerals and gems, covering all major indicators including reserves, production, exports and values. The report also analyses trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Angola Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Angola.

Key Benefits

* Use BMI's independent industry forecasts on Angola to test other views - a key input for successful budgeting and planning in this mining market.

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