Congo, Dem. Rep. Mining Report Q1 2014: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Fri Dec 27 2013


The Democratic Republic of the Congo's vast mineral resources will continue to attract international interest, given the country's huge untapped and high-grade reserves. Growth over the next five years will be driven largely by expansions in the copper sector and Randgold Resources' new gold mine ramping up to full production. However, while we expect substantial growth in mining output, risks to investment remain numerous, with security concerns and the lack of adequate infrastructure most pressing

Ore To Play For But Downside Risks Lurk

After half a century of decline and unrealised potential, the DRC's mining sector is on the verge of solid growth, as several huge gold deposits are developed. The joint venture between Randgold Resources and AngloGold Ashanti in the form of the Kibali gold mine will drive growth in DRCs mining sector over the forecast period to 2017.

Full Report Details at
- http://www.fastmr.com/prod/754490_congo_dem_rep_mining_report_q1_2014.aspx?afid=303

As well as gold, there are several significant copper projects due to come online. In addition to their size, the copper deposits in the DRC are attractive due to their high copper grade. The Kipoi and Kamoto mines are estimated to contain grades above 3.0%, significantly higher than the world average of 0.6%. This will be an increasingly important issue as some of the world's largest mines, including Antamina in Peru, Escondida in Chile and Grasberg in Indonesia, have experienced falling ore grades and thus higher extraction costs.

While the potential is clear, political impediments are likely to remain, as conflict continues in the east of the country, where much of the mining occurs. The potential for political ructions will continue to pose downside risks to mining sector growth.

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You may also be interested in these related reports:

- United States Mining Report Q1 2014
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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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