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: Angola - Diamond Production (mn carats, unless stated otherwise) 11

Industry Risk Reward Ratings 12

Risk/Reward Ratings 12

      Botswana On Top 13

      Table: Africa - Mining Risk/Reward Ratings 14

      South Africa: Still Ranking Highly 14

      Lower Gold Prices Reduce Rewards 15

Risk/Reward Ratings 17

      Rewards 17

      Risks 18

      Table: Angola - Mining Industry Value 19

Regulatory Development 20

      Table: Angola Political Overview 22

Commodities Forecast 23

Commodity Strategy 23

      Iron Ore: Fading Iron Will 23

      Steel: Global Glut To Weigh On Prices 25

      Aluminium: Fundamentals To Remain Weak 26

      Copper: All Eyes On China 27

      Lead: Outperforming Its Troubled Peers 28

      Nickel: Monthly Outperformer 30

      Tin: Outperforming A Weak Field 31

      Zinc: Further Consolidation Likely 32

      Table: Select Commodities - Performance & BMI Forecasts 34

Competitive Landscape 35

Company Profile 37

Endiama 37

Regional Overview 39

Mining - Africa Overview 39

Key Opportunities 39

      1. West Africa To Become Focal Point Of Growth 39

      2. Asian Investment Undeterred By Cooling Boom 41

      3. Coal Exports Set To Surge In The South 42

Key Challenges 43

      1. Sluggish Infrastructure Improvements To Weigh On Growth 43

      2. Gold Price Weakness Portends Pain 44

      3. Divergent Regulatory Trends To Play Out 45

      Table: Africa - Key Mining Regulatory Developments 46

Global Industry Overview 48

Challenges 48

      Table: Mining - Select M&A Deals 52

Cause For Optimism 55

Methodology 62

Industry Forecast Methodology 62

Sources 63

Risk/Reward Rating Methodology 64

      Table: Weighting Of Indicators 66

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