The US mining industry will see steady, if modest, expansion to 2018. The bulk of mineral output and mining investment in the Americas region will occur in developing markets in Latin America. Still, the US's mining industry value will reach USD135bn in 2018 as the country's stable economic and political environment, coupled with its long history of mining and its significant mineral reserves, should enable sector expansion.

BMI Industry View 7

Long Permitting Times Mar Positive Business Environment 8

SWOT 10

Industry Forecast 12

Coal: Domestic Troubles Ahead 12

      Sector To Stay Consolidated 13

      Table: United States - Main Coal Projects 14

      Export Demand Won't Reverse Sector's Long-Term Decline 14

      Rising Gas Prices Will Not Stem Coal's Decline 16

      Table: Coal Production Forecast (United States 2010-2018) 18

Copper: Continued Mine Upgrades To Raise Production 18

      Global Miners To Maintain Dominance 19

      Table: United States - Copper Mine Projects 19

      Environmental Objections To Threaten Development 20

      Table: Copper Production Forecast (United States 2010-2018) 21

Gold: Tepid Production Growth, But Investment To Continue 21

      Barrick To Remain Top US Producer 22

      Table: Major Gold Projects In The United States 23

      Subdued Outlook 24

      Table: Gold Production Forecast (United States 2010-2018) 24

Lead: US To Lose Global Market Share 24

      Table: Lead Production Forecast (United States 2010-2018) 26

Industry Risk Reward Ratings 27

Risk/Reward Ratings 27

      Rewards 27

      Industry Rewards 27

      Country Rewards 27

      Risks 28

      Industry Risks 28

      Country Risks 29

      Table: Mining Industry Forecasts (United States 2010-2018) 29

Industry Risk Reward Ratings 30

      Significant Rewards For Some, But Risks Abound 30

      Weaker Prices To Remain Headwinds 31

      Modest Shift In Rankings 32

      Table: Americas - Mining Risk/Reward Ratings 33

Regulatory Development 34

Recent Developments 34

EPA & Congress Propose Changes 34

      Table: Key US Mining Laws 35

Permitting Times Negatively Impact Greenfield Development 35

Tax Regime 35

Corruption Minimal 36

      Table: US Political Overview 36

      Table: Regional Regulatory Table 37

Commodities Forecast 39

Commodity Strategy 39

      Ferrous Metals: 40

      Iron Ore: Bounce Won't Last, Weakness In 2015 40

      Steel: Long Road To Price Recovery 41

      Non-Ferrous Metals: 42

      Aluminium: Elevated Prices In Coming Weeks 42

      Copper: Strength To Turn To Weakness By Q414 43

      Lead: Price Bounce Underway 44

      Nickel: Prices To Cool In Coming Months 45

      Tin: Market Tightness To Drive Prices Higher 46

      Zinc: Prices To Moderate By Q414 47

      Table: Select Commodities - Performance & BMI Forecasts 49

Competitive Landscape 50

Large Players To Remain Dominant 50

      Table: Financial Data For Key US Mining Firms 50

Domestic Needs To Drive Investment & Production 51

Company Profile 52

Peabody Energy 52

      Company Strategy 54

      Latest Results 55

      Table: Peabody - Supply Chain Analysis 56

      Table: Peabody Energy: Key Financial Data 56

      Address Details 56

Newmont Mining 58

      Company Strategy 60

      Latest Results 61

      Table: Newmont - Supply Chain Analysis 62

      Financial Data 62

      Table: Newmont Mining - Key Financial Data 62

      Address Details 63

Freeport-McMoRan 64

      Company Strategy 66

      Latest Results 67

      Table: Freeport McMoRan Supply Chain Analysis 68

      Financial Data 68

      Table: Freeport-McMoRan - Key Financial Data 68

      Address Details 69

Regional Overview 70

Mexico & Peru To Remain Top Destinations 70

Canada To Lead North American Mining 72

Frontier Markets To See Little Development . 74

...But Green Shoots In Argentina? 75

      Table: Estimated 2014 Production For Top Argentine Mines 76

Chinese Investment To Continue 76

Global Industry Overview 78

Capex Cutbacks To Yield Rewards 78

M&A Activity To Pick Up 79

High Grade Opportunities In Iron Ore 80

Shifting Centre Of Growth For Platinum 81

Chinese & Indian Outbound Mineral Investment To Gather Pace 82

Shake-Up For Global Rare Earths Industry 83

Methodology 85

Industry Forecast Methodology 85

Sources 86

Risk/Reward Rating Methodology 87

      Table: Weighting Of Indicators 89

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