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$530.00
By: Business Monitor International, Published: Jun-2010
New Super Profits Tax Unsettles Mining Industry. The big news from the Australian mining sector over the second quarter of 2010 was the announcement by Treasurer Wayne Swan that the government was bringing in a 40% resource ‘super profits’ tax (RSPT) on all commodities mined in Australia. This new levy, announced as part of Swan’s 2010 Budget speech, is due to be introduced from July 2012 and will apply to both existing and new mining projects. R.....
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$530.00
By: Business Monitor International, Published: Jun-2010
Chinese steel demand will hold up due to the ongoing processes of industrialisation and urbanisation, but the pace of growth will slow. Instead of focusing on raising capacity, the industry should be eliminating outdated production facilities and addressing the problem of weak pricing power in iron ore negotiation, according to this latest China Metals Report from BMI.
The steel industry’s performance in 2010 so far has been very strong and pro.....
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$530.00
By: Business Monitor International, Published: Jun-2010
Changes to iron ore pricing to impact on China
As this report went to press, a debate was raging within the industry as to whether the Big Three mining companies (BHP Billiton. Rio Tinto and Vale) are right to end the annual setting of a benchmark price for iron ore. China has been a firm believer in the annual setting of prices, with Xinhua recently quoting the Ministry of Commerce as stating that it offers a transparent, stable and foreseeabl.....
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$530.00
By: Business Monitor International, Published: Jun-2010
Although the country is still far behind in achieving its full production potential, India’s mining industry will emerge from a 4.65% contraction in 2009 to resume growth in 2010 by 4.18% to INR1,490.3bn (US34.34bn), according to BMI’s latest India Mining Report.
India’s much-discussed coal regulator is yet to surface, despite inclusion of the body in the 2010-2011 budget and reassurances from the coal ministry that it will be established by mid.....
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$530.00
By: Business Monitor International, Published: Jun-2010
One of the most important developments in recent months for the mining industry was a moratorium on the issuance of new licences which could limit foreign direct investment inflows this year. As a result, BMI forecasts a 9.64% contraction in the country’s mining industry in 2010. This will take the sector’s value down to MNT3,276bn (US$2.4bn) in 2010 and will end an eight-year run of volatile, double-digit growth as investor sentiment towards the.....
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$530.00
By: Business Monitor International, Published: Jun-2010
Still waiting on mining charter changes
As this report went to press in late May 2010, there had still been no official confirmation of the longawaited changes to South Africa’s Mining Charter, which had been due to be released during March. Expectations are that the government will insist on mining companies doing more to improve levels of black ownership of mining assets. At present, the government is insisting on 26% of mining companies to b.....
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$530.00
By: Business Monitor International, Published: May-2010
After a difficult 2009, when we estimate that Japan’s mining industry shrank by some 17.5% year-on-year (y-o-y) in real terms, we believe that the stage is set for steady recovery over our newly-extended forecast to 2014. That said, with Japan’s domestic mineral reserves having been largely exhausted, its contribution to GDP will remain below 0.1% over our forecast period.
Against this backdrop, it is clear that Japan is a major player in the gl.....
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$530.00
By: Business Monitor International, Published: May-2010
Malaysia’s mining sector did not suffer to the extent as other Asian mining industries during the global economic crisis of 2008 and 2009. As such, we feel the industry is relatively well positioned for further growth over our newly-extended forecast period to 2014.
Malaysia is home to significant refiners and smelters, such as Malaysia Smelting Corporation, which is the world’s third-largest supplier of tin. At the current time, there is a chan.....
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$530.00
By: Business Monitor International, Published: May-2010
Still waiting on Mining Code: As this report went to press, we were still waiting on reports that Angola is to adopt a new Mining Code in 2010. This new code is expected to refresh existing mining regulation dating from 1992, which then minister of geology and mining Mankenda Ambroise claimed in 2009 was ‘inappropriate’ to the current situation within the country. Efforts to draft a new mining law have been ongoing since 2006. BMI will monitor th.....
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$530.00
By: Business Monitor International, Published: May-2010
The Australian steel and aluminium industries are expected to follow a V-shaped recovery, in line with the recovery in demand in its main export market China, according to this latest Australia Metals Report from BMI.
However, the rebound will flounder as Chinese demand loses momentum amid a period of capacity expansion in the metals sector. BMI expects a slowdown in Chinese growth over H210 and 2011, mainly due to a slowdown in the Chinese con.....
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$530.00
By: Business Monitor International, Published: May-2010
Norilsk renews commitment to Botswana
After a difficult 2009, when there were question marks over Norilsk Nickel’s future commitment to Botswana against a backdrop of slumping global nickel prices, there are indications that the Russian company will be pressing on with fresh mining ventures at its 85%-owned Tati Nickel subsidiary over the remaining years of the mine’s life (which has been estimated at 2016). A May 2010 report on the All Africa .....
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$530.00
By: Business Monitor International, Published: May-2010
Further blow for First Quantum The long running dispute between the Congolese government and Canadian miner First Quantum Minerals worsened in May 2010, when the country’s Supreme Court annulled First Quantum’s rights to the Frontier and Lonshi copper mines and awarded them to state miner Sodimico. Sodimico had alleged that the permits to Frontier and Lonshi were ‘illegally’ awarded in 2000 and 2001.
First Quantum has attacked the decision, des.....
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$530.00
By: Business Monitor International, Published: May-2010
An expected rise in scrap steel will boost the competitiveness of Egyptian steelmakers, which rely on direct reduced iron (DRI) for feedstock, but BMI’s latest Egypt Metals Report warns that surging growth in Saudi steelmaking could hinder export growth in the medium term.
In Q110, Egyptian crude steel output grew 11.3% year-on-year (y-o-y) to 1.45mn tonnes. However, the quarter-on-quarter (q-o-q) rate of growth had slowed to just 0.7%, compare.....
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$530.00
By: Business Monitor International, Published: May-2010
Despite a surge in capacity over the next two years and the consequent value added, Iranian steel and aluminium producers will struggle to operate at anywhere near capacity over the medium term. Domestic consumption growth is set to tail off and export markets will be unable to absorb the country’s surplus, according to this latest BMI Metals Report for Iran.
Crude steel production in the Iranian year 1388 (ending 20 March 2010) was 10.87mn ton.....
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$530.00
By: Business Monitor International, Published: May-2010
Despite substantial downside risks, the baseline scenario is that the South African economy will recover, taking the country’s metals industries will it, according to this latest South Africa Metals Report from BMI.
In Q110, the South African steel industry reported crude steel output at 2.06mn tonnes, up 30% year-onyear (y-o-y), but down 1.0% quarter-on-quarter (q-o-q). South Africa represented 52.2% of total African crude steel output with th.....
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$530.00
By: Business Monitor International, Published: May-2010
The Turkish steel industry is leaving behind a very challenging 2009 and will report growth in 2010, but will continue to face difficulties in terms of competitiveness in sluggish and volatile export markets, according to BMI’s latest Turkey Metals Report.
The outlook in H110 was mixed, reflecting an uncertain market environment. According to the Turkish Iron and Steel Producers’ Association, Turkey’s long steel production grew 1.4% year-on-yea.....
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$2,500.00
By: Visiongain, Published: Apr-2010
The Global Metal Packaging Market 2010-2020 is our brand new materials report. The report analyses recent trends in the metal packaging industry and anticipates the progression in the market over the next decade with global, regional and submarket forecasts. The report also surveys current trends and reveals the market’s strengths and weaknesses revealing areas that will experience growth and present new business opportunities.
Visiongain's anal.....
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$530.00
By: Business Monitor International, Published: Apr-2010
The Italian steel industry is set to make a very slow recovery in 2010, but the future of the country’s aluminium industry is in doubt following an EU ruling against state aid to the sole producer of primary aluminium and rising energy costs.
According to the Italian steel producers’ association Federacciai, Italian crude steel output was down 35.5% to 19.73mn tonnes in 2009. The figures confirmed BMI’s forecast, which estimated 32% quarteron- q.....
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$530.00
By: Business Monitor International, Published: Apr-2010
While the Russian economy is experiencing a recovery from the global economic downturn, many companies remain burdened by heavy debts. But rising commodity prices and improved market conditions has renewed confidence in investors. As a result, many mining companies in Russia are turning to public offerings of stock to raise capital to offset debts and fund expanding operations. In 2009, Russia experienced a 7.9% contraction in GDP in real terms b.....
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$530.00
By: Business Monitor International, Published: Apr-2010
BMI envisages a strong upturn in French metals production in 2010 that should outpace many of the country’s regional peers, yet it will take at least three years for steel and aluminium producers to recover ground and return to capacity, according to this latest BMI France Metals Report.
In 2009, French crude steel output fell 28.2% year-on-year (y-o-y) to 12.84mn tonnes, far below the 13.09mn tonnes BMI forecast in the previous quarter. The dis.....
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$530.00
By: Business Monitor International, Published: Apr-2010
Swedish metals producers are set for a strong export-led rebound in 2010, following a dismal 2009 during which aluminium and steel output halved, according to this latest of BMI’s Sweden Metals Reports. In 2009, Swedish crude steel output fell 46.2% year-on-year (y-o-y) to 2.81mn tonnes according to the World Steel Association (WSA), only 10,000 tonnes more than BMI estimated in our previous quarterly report. This followed an 8.4% y-o-y drop in o.....
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$530.00
By: Business Monitor International, Published: Apr-2010
The Ukrainian steel industry is unlikely to make a dramatic recovery in 2010, weighed down by continuing poor performance in the construction and automotive sectors, an economy in the doldrums and its main trade partner, Russia, also faring poorly, according to this latest BMI Ukraine Metals Report. In the first few weeks of 2010, there were signs that the market was beginning its slow recovery, in line with BMI expectations. According to data is.....
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$530.00
By: Business Monitor International, Published: Apr-2010
The Canadian steel industry will witness a steady recovery in 2010, but the strength of growth will be determined by the fate of the automotive industry and a likely deal with the US on the ‘Buy America’ programme that has exacerbated the effects of recession on the sector, according to BMI’s Canada Metals Report.
In 2009, Canada produced 8.97mn tonnes of crude steel, down 40.7% year-on-year (y-o-y). Q409 saw output rise 19.5% quarter-on-quarter.....
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$530.00
By: Business Monitor International, Published: Apr-2010
BMI expects a strong recovery in steel and aluminium production over the medium term, led by the country’s solid industrial development, a growing domestic market and rising demand from Latin America, according to the latest Brazil Metals Report.
In 2009, Brazilian steel output totalled 26.51mn tonnes, 1.5mn tonnes more than BMI had forecast but around 700,000 tonnes less than the 27.3mn tonnes forecast by the Brazilian Steel Institute (IBS). Ou.....
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$530.00
By: Business Monitor International, Published: Apr-2010
The economic crisis has put Mexico’s hopes of securing a higher rate of growth over the medium term in jeopardy and there are lingering uncertainties over whether it will meet its crude steel production target of 32mn tonnes per annum (tpa) by 2020, according to BMI’s latest Mexico Metals Report.
In 2009, Mexican crude steel production fell 11.6% year-on-year (y-o-y) to 14.18mn tonnes, which was better than the 21% slump predicted by the country.....
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