Tanzania's mining industry will experience stagnation over our forecast period to 2018. This will largely be a result of minimal gold production growth. Although gold is the current mainstay of the sector, there are plans to diversify into nickel, coal and uranium production in the long term.

BMI Industry View 7

SWOT 9

Industry Forecast 10

Gold: Stagnation To Take Hold 10

      Table: Tanzania - Gold Production 12

Industry Risk Reward Ratings 13

Risk/Reward Ratings 13

      Lower Gold Prices Reduce Rewards 13

      Table: Africa - Mining Risk/Reward Ratings 14

      Reduced Rewards For Copper Mining 14

      Mixed Rankings For West Africa 15

      Substantial Rewards In Southern Africa 15

      Lack Of Uniformity In Regulatory Development 16

      Political & Infrastructure Risks Lurk 17

      Country Highlights 18

      South Africa: Deteriorating Environment For Mining Companies 18

      Mozambique: Mining Sector Set To Boom 19

      Botswana: All Round Outperformer 19

Market Overview 20

      Table: Tanzania - Main Mining Projects 21

Government Intervention To Weigh On Sector 21

      Table: Tanzania - Mining Industry Value & Production 22

Regulatory Development 23

Tax Regime 24

Corruption Concerns To Continue 25

      Table: Political Overview 26

      Table: Africa - Regulatory Outlook 26

Commodities Forecast 28

Commodity Strategy 28

      Steel: Subdued Medium Term Outlook 30

      Aluminium: Despite Recent Upswing, Underperformance To Persist 31

      Copper: No Time To Celebrate Yet 32

      Lead: Outperformance On The Cards 33

      Nickel: Sideways Movement In Weeks Ahead 34

      Zinc: Positive Momentum To Continue 36

      Table: Select Commodities - Performance & BMI Forecasts 37

      Table: BMI Commodities Strategy 38

Competitive Landscape 39

      Table: Tanzania - Main Mining Companies' Performance 40

Company Profile 41

Barrick Gold 41

      Company Strategy 43

      Latest Financial Results 44

      Financial Data 44

      Table: Barrick - Key Financial Data 44

      Address Details 45

Regional Overview 46

Mining - Africa Overview 46

      Key Opportunities 46

      1. Asian Investment Inflows To Continue 46

      2. Iron Ore Production In West Africa To Boom 47

      3. Southern Africa To Become A Key Coal Exporter 48

      Key Challenges 49

      1. Gold Crunch To Gain Traction 49

      2. Lack Of Infrastructure A Major Hurdle 50

      3. Regulatory Environment In Flux 51

      Table: Africa - Key Mining Regulatory Developments 52

Global Industry Overview 53

Methodology 65

Industry Forecast Methodology 65

Sources 66

Risk/Reward Rating Methodology 67

      Table: Mining Risk/Reward Ratings Indicators 69

      Table: Weighting Of Indicators 70

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