BMI View: The mining industry is becoming increasingly critical to Angola's economy and plays a key part in the government's national development plan as it looks to diversify and lessen its dependence on revenues from oil and gas exports. Gradual restriction of mining industry regulations has encouraged increased international investment in recent years, and the government is activity courting partnerships with China and other governments as it looks to create much-needed infrastructure. At present the diamond mining segment is the most developed sub-sector by a considerable distance, though there are opportunities for exploiting the country's sizeable iron ore and coal deposits.
|e/f = BMI estimate/forecast. Source: BMI calculation, World Bank|
|Mining Industry Value, USDbn, % y-o-y||4.00||4.80||5.60||5.80||6.10||6.40||6.70||7.00|
|Mining industry, % of GDP||3.84||3.93||5.86||7.28||6.86||6.87||7.56||7.55|
Latest Updates And Developments
Appeals by Angola's government to the IMF in April 2016 further outline the government's increasing need to spur development of the mining industry as it looks to reduce its reliance on oil and gas exports in the wake of a global collapse in energy prices. In the same month the government officially opened the Tcheji mine, which is being developed by Sociedade Mineira do Tcheji. The mine, which spans the Lunda Norte and Lunda Sul provinces, is expected to produce 3,000 carats per month in its initial stages.
Diamonds will remain the centre piece of the government's development strategy to develop the mining sector. The country's total output reach a record 8.8mn carats (mnct) in 2015, and we expect production to grow by 3.0%% a year on average over 2016-2020 to reach 10.3mnct.
The Angola Mining Report has been researched at source and features BMI Research's mining and commodity forecasts for metals, minerals and gems, covering all major indicators including reserves, production, exports and values. The report also analyses trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Angola Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Angola.
- Use BMI's independent industry forecasts on Angola to test other views - a key input for successful budgeting and planning in this mining market.
- Target business opportunities and risks in Angola's mining sector through our reviews of latest mining industry trends, regulatory changes and major deals, projects and investments in Angola.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity), Key Projects Tables and Competitive Landscape Tables.
BMI Industry View
Summary of BMI’s key forecasts and industry analysis, covering mining reserves, supply, demand and prices, plus analysis of landmark company developments and key changes in the regulatory environment.
Industry SWOT analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the mining sector and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series (2009-2013) and forecasts to end-2019 for key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecasts. Indicators include:
- Mining industry: Industry size (USDmn), real growth (%), % of GDP, employment (‘000), workforce as % of total workforce, average wage (USD).
- Output: Production volumes (‘000 tonnes, carats etc.) for all major metals, minerals, ores and gems mined in each state, including bauxite, copper, gold, coal, lead, silver, tin, titanium, uranium, zinc etc.
- Exports: Value of exports (USDmn) for all major metals, minerals, ores and gems mined in each state.
- Commodity markets: Global demand, supply, stocks and benchmark prices (USD) for aluminium, copper, lead, nickel, tin, zinc, gold and steel.
BMI’s Mining Risk Reward Index
BMI’s Risk Reward Indices provide investors (mining companies and support service providers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.
Competitive Landscape Tables & Analysis
Comparative company analyses and tables detailing USD sales, % share of total sales, number of employees, year established, market cap/NAV, ownership structure, production and % market share.
Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by metal/ore.
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.
The Mining reports are based on an extensive network of primary sources, such as multilateral organisations (UN, WB, IMF), national chambers of commerce and industry, national statistical offices, government ministries and central banks, and multinational companies.
*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.