"MENA Mining Report Q3 2016" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Mon Jun 13 2016

The Middle East and North Africa (MENA) holds huge potential from a mining investment perspective. However, despite considerable mineral and metals resources, much of the region's mining infrastructure remains under-developed. In many cases this is due to political instability which has restricted foreign investment and mining activity from taking placed on a significant commercial scale. As global energy markets continue to underperform there is an increasing incentive for many MENA states to diversify their economies and to prioritise the development of their mining assets. This is particularly the case in Oman, Saudi Arabia and other Gulf states which remain heavily reliant on oil and gas revenues. Meanwhile, the lifting of sanctions against the Iranian economy is allowing the government to explore ways to harness its vast mineral wealth. In Iran, as in oth er countries, foreign investment will pla y a key role in supporting this development and increasing mineral and metals production, though political instability will remain at the forefront of investors' concerns in many cases.

Full Report Details at
- http://www.fastmr.com/prod/1182836_mena_mining_report_q3_2016.aspx?afid=301

Recent Updates And Developments:

Australia's Centamin has raised its production estimates for its Sukari gold mine in Egypt, with output from the project set to grow by 7% in 2016 after a positive first quarter of the year.

In April 2016, Kazakhstan's president announced the signing of a series of bilateral agreements with Iran's government related to metals and mining activity following a state visit to the country,

Iran Mining CEO Abbasali Eqbali Zach reported that mining industry revenues fell by 25% in the year to March 19 2016.

In April 2016, India's National Aluminium Company announced it was considering Oman as a potential location for building new aluminium plants as it looks to expand its overseas production network in strategic regions.

In January 2016, Oman's largest sovereign wealth fund, the State General Reserve Fund announced the launch of Mining Development Oman, a vehicle aimed at providing investors from the private sector with opportunities to invest in the country's mining sector.

Morocco's national company phosphate miner, OCP, is planning to expand production of phosphate-enhanced fertiliser to meet increasing global demand.

Saudi Arabia has accelerated discussions with Sudan's government to develop an offshore mining project in Red Sea waters along the two countries' maritime boundary. The Atlantis II project aims to recover zinc, copper, silver and gold, with up to 100mn, with the deposit estimated to contain 100 million tonnes of ore.

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You may also be interested in these related reports:

- India Mining Report Q3 2016
- United States Mining Report Q3 2016
- China Mining Report Q3 2016
- Canada Mining Report Q3 2016
- Chile Mining Report Q3 2016

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Contact Name: Bill Thompson
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