Ghana Mining Report Q3 2016: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Jun 16 2016


Ghana's gold output will slow as weak gold prices will force miners to cut costs and restructure organisations. In addition, the country's regulatory environment and ongoing power shortages will limit the sector's growth outlook.

Latest Developments & Structural Trends

On April 12, Cardinal Resources Ltd (Cardinal) added two more drill rigs at the firm's Namdini project ahead of a Q3, 2016 exploration target announcement. Currently, Cardinal has three projects in Ghana, namely the Namdini, Bolgatanga and Subranum mines.

Gold mining firm Randgold Resources has ended a contract for redeveloping AngloGold Ashanti's Obuasi gold mine in Ghana. The move follows efforts by both the companies to improve the project's returns. The companies had announced a deal in September 2015 to form a joint venture to redevelop and operate the mine. Randgold had agreed to lead and fund a development plan designed to rebuild the operation.

Full Report Details at
- http://www.fastmr.com/prod/1182766_ghana_mining_report_q3_2016.aspx?afid=301

We have raised our gold price forecasts for 2016 to USD1,150/oz from USD1,000/oz. A recalibration of expectations for the global monetary policy trajectory by investors and equity market turmoil has combined to create a more positive environment for gold prices than we previously anticipated ( see: 'Gold: Upward Revisio n On Monetary Policy Shift', February 12).We have revised up our production forecasts and expect output to grow from 3.67 million ounces (moz) in 2016 to 3.93moz by 2020, which would represent an average annual growth of 1.6% during this period.

The Ghana Mining Report has been researched at source and features BMI Research'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 Ghana 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 Ghana.

Key Benefits
Use BMI's independent industry forecasts on Ghana to test other views - a key input for successful budgeting and planning in this mining market.
Target business opportunities and risks in Ghana's mining sector through our reviews of latest mining industry trends, regulatory changes and major deals, projects and investments in Ghana.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity), Key Projects Tables and Competitive Landscape Tables.

Coverage

BMI Industry View

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You may also be interested in these related reports:

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

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Contact Name: Bill Thompson
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