Just Published: "Tanzania Mining Report Q1 2015"

From: Fast Market Research, Inc.
Published: Mon Feb 02 2015

Tanzania's mining industry will come under pressure over our forecast period to 2018 . This will largely be a result of weakness in global gold prices disincentivizing production growth. Although gold is the current mainstay of the sector , there are plans to diversify into nickel , coal and uranium production in the long term . The mining industry is relatively small in terms of value, but its importance is highlighted by the fact that mining earns a significant share of the country's export revenues. Majo r foreign investors in Tanzania's mining sector include Acacia Mining , (formerly African Barrick Gold) and AngloGold Ashanti .

Tanzania is home to significant deposits of coal, cobalt, copper, diamonds, gold, nickel, silver and uranium. The country has long been a producer of gold (and is currently Africa's fourth-largest producer) and diamonds. In the long term we also expect coal, nickel and uranium production to become sub-sectors of Tanzania's mining sector. However, over our forecast period to 2018, weak commodity prices will precipitate stagnant gold production growth and are likely to delay potential new projects.

Full Report Details at
- http://www.fastmr.com/prod/944812_tanzania_mining_report_q1_2015.aspx?afid=303

We expect Tanzania's mining sector to remain relatively uncompetitive as high taxes and royalties weigh on mining companies. The mining code, updated in 2010 at the height of the commodities price boom, is relatively more burdensome than the mining codes of the bulk of other African countries. As such, Tanzania is likely to find itself at a competitive disadvantage as mining companies look to slash capital expenditure in an era of weakening commodity prices.

On the positive side, the announcement in September 2014 that construction of a coal and iron ore mine plus a 600MW coal-fired power plant will begin next year in Tanzania provides a much-needed boost to the outlook for the mining sector. Capital expenditure on the new...

The Tanzania 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 Tanzania 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 Tanzania.

Key Benefits

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

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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