Boston, MA -- (SBWIRE) -- 04/11/2014 -- Botswana hosts one of the best regulated and strongest performing mining sectors in Africa, with diamonds the main commodity. Botswana's mining industry also deals in other metals and minerals including copper, nickel and coal. Additionally, uranium mining is likely to take off over the next decade.
We maintain a positive outlook for Botswana's mining sector over our forecast period to 2018. Diamonds will remain the mainstay of Botswana's mining production. We forecast modest growth for the diamond sector, boosted by new projects planned by Debswana, Gem Diamonds and Lucara Diamond Corp. Nevertheless, the major driver of growth will be acceleration in the country's coal production.
Botswana's mining sector is on course for steady growth over the next few years as we forecast the sector to average 3.5% growth from 2014 to 2018, reaching a value of US$6.3bn by 2018.
Strong Coal Growth Potential
Botswana's mining potential is enormous, with large diamond, copper and coal deposits and numerous successful exploration projects. Over the next few years we highlight particularly strong potential for growth in coal production. Fast growth from a low base will be driven by companies including Anglo American, Exxaro, African Energy & CIC Energy, bringing substantial investment into Botswana's nascent coal sector.
View Full Report Details and Table of Contents
Diversification To Prove Difficult
Slow recovery in the US and Europe, two of the main export markets for Botswana's diamond production, has hindered growth in the country. As such the government is keen to reduce reliance on diamond revenue. Botswana has been stepping up efforts to diversify its mining sector, with the government aiming to develop production of non-core minerals, including copper, gold and nickel. However, weakness in global metal prices will mean that diversification will continue to prove difficult. Thus we expect diamond production to remain the mainstay of the country's mining sector, supported by strong growth in coal.
Botswana Stands Out In Africa
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Materials research reports at Fast Market Research
You may also be interested in these related reports:
- Australia Mining Report Q2 2014
- South Africa Mining Report Q2 2014
- India Mining Report Q2 2014
- Angola Mining Report Q2 2014
- Namibia Mining Report Q2 2014
- United States Mining Report Q2 2014
- China Mining Report Q2 2014
- Chile Mining Report Q2 2014
- Canada Mining Report Q2 2014
- Mozambique Mining Report Q2 2014