Central Africa's mining sector is set to follow much of the continent by developing its substantial mineral wealth. The region is still far from achieving its full potential, but these recent developments could indicate a changing tide for these three countries and indicate that the mining sector is set for sustained lift-off.

BMI Industry View 7

Ore To Play For 7

Key Players 8

SWOT 9

Industry Forecast 11

Republic of Congo Iron Ore: Joining The Regional Boom 11

      Table: Largest Iron Ore Projects 13

China & Infrastructure Present Risks 13

Cameroon Iron Ore: Companies Plough Into Mineral Wealth 13

      Table: Cameroon - Key Mining Projects 15

Infrastructure Risks Linger 15

DRC: Output To Double, Substantial Risks Remain 15

Higher Grade Deposits Give Further Attention 17

      Table: DRC - Largest Copper Expansion Plans 17

Plethora Of Risks Await Investors 17

      Table: DRC - Copper Production ('000 tonnes, unless stated otherwise) 18

Industry Trend Analysis 18

Political Risk To Remain A Major Risk 19

      Table: Democratic Republic of Congo - Gold Production & % Change 20

Industry Risk Reward Ratings 21

Risk/Reward Ratings 21

Lower Gold Prices Reduce Rewards 21

      Table: Africa - Mining Risk/Rewards Ratings 22

Reduced Rewards For Copper Mining 22

Mixed Rankings For West Africa 22

Substantial Rewards In Southern Africa 23

Lack Of Uniformity In Regulatory Development 24

Political & Infrastructure Risks Lurk 24

Country Highlights 25

South Africa: Deteriorating Environment For Mining Companies 25

Mozambique: Mining Sector Set To Boom 26

Botswana: All Round Outperformer 26

Market Overview 27

Regulatory Development 29

Congo & Cameroon: Uncertainty, But Signs Of Promise 30

      Table: Africa - Regulatory Outlook 30

Commodities Forecast 32

Iron Ore: Rally To Fade In Q413 33

Steel: Supply Glut To Endure 34

Aluminium: Surge Gives Way 35

Copper: Weak Outlook 36

Lead: Short-Term Weakness 37

Nickel: Still The Laggard 38

Zinc: Still A Surplus Market 41

      Table: Select Commodities - Performance And BMI Forecasts 42

      Table: Global Commodities Strategy 43

Competitive Landscape 44

      Table: Comparative Metrics 45

Company Profile 46

MMG Limited - Q1 2014 46

      Table: MMG Limited - Key Financial Data 51

Randgold Resources 52

      Table: Randgold Resources - Financial Results 55

Regional Overview 56

Africa Overview 56

      1. Chinese Investment Inflows To Continue 56

      2. Lack Of Infrastructure A Major Hurdle 57

      3. Regulatory Environment In Flux 58

      Table: Key Regulatory Developments 59

      4. Gold Crunch To Gain Traction 59

      5. Iron Ore Production In West Africa To Boom 61

      6. Southern Africa To Become A Key Coal Exporter 62

Global Industry Overview 63

Downturn To Continue Into 2014 63

      1. China Slowdown To Drive Mining Moderation 63

      2. Frontier Mining Increasingly Challenging 64

      3. Mining Services Firms Facing Tough Outlook 66

But Opportunities Still Exist 68

      1. Asian Outward Investment Continues 68

      2. Private Equity Entering The Mix 70

      3. Global Thermal Coal Demand Still Growing 71

Methodology 74

Industry Forecast Methodology 74

Sources 75

Risk/Reward Rating Methodology 76

      Table: Mining Risk/Reward Ratings Indicators 77

      Table: Weighting Of Indicators 78

      Table: Weighting Of Indicators 79

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