Angola's mining industry is set to reach USD7.5bn in 2018, growing at an average rate of 5.3% a year. The rate of growth will remain stable thereafter, with diamonds providing the main thrust for production growth over the medium term. New areas of mining, including iron ore, copper and phosphates, are also receiving increasing international interest from investors and are expected to provide further momentum for Angola's mining sector over the long term.

BMI Industry View 7

SWOT 9

Industry Forecast 10

Diamonds: Growing Investment To Drive Output Growth 10

      Further Upside To Production Forecasts 11

      Table: Diamond Production (Angola 2010-2018) 12

Industry Risk Reward Ratings 13

Africa Risk/Reward Ratings 13

      Large Rewards On Offer - With Varying Degrees Of Risk 13

      Gold Producers Lag The Pack 14

      Largest Quarterly Change In South Africa 15

      Table: Africa - Mining Risk/Reward Ratings 16

Risk/Reward Ratings 16

      Rewards 16

      Risks 17

      Table: Mining Industry Forecasts (Angola 2010-2018) 18

Regulatory Development 19

      Table: Angola Political Overview 21

Commodities Forecast 22

Commodity Strategy 22

      Ferrous Metals: 22

      Iron Ore: Price Slump Overdone, Stabilisation In Sight 22

      Steel: Price Forecast Revised Up 23

      Non-Ferrous Metals: 25

      Aluminium: Recent Break Signals Multi-Month Strength 25

      Copper: Subdued Prices Into Q314 26

      Lead: Prices To Strengthen As Deficit Deepens 27

      Nickel: H214 Rally Unlikely 28

      Tin: More Resilient Than Other Metals 29

      Zinc: Sustained Break Unlikely 31

      Table: Select Commodities - Performance & BMI Forecasts 33

Competitive Landscape 34

Company Profile 36

Endiama 36

Regional Overview 38

Chinese Quest For Minerals Undeterred 38

      Table: Select Projects - Chinese Mining Investment In Africa 38

Look To West Africa For Rapid Growth 39

Tin Mining To Make A Comeback 40

Flurry Of Investment Into Southern African Coal 41

Changing Landscape For Precious Metals 42

Risks & Opportunities In Infrastructure 44

Global Industry Overview 46

Capex Cutbacks To Yield Rewards 46

M&A Activity To Pick Up 47

High Grade Opportunities In Iron Ore 48

Shifting Centre Of Growth For Platinum 49

Chinese & Indian Outbound Mineral Investment To Gather Pace 50

Shake-Up For Global Rare Earths Industry 51

Methodology 53

Industry Forecast Methodology 53

Sources 54

Risk/Reward Rating Methodology 55

      Table: Weighting Of Indicators 57

冶金工业信息标准研究院