Mexico’s mining sector contracted, in line with many other global mining industries, in 2009. Production of key commodities dropped against a backdrop of falling demand. However, with the worst of the global economic crisis widely believed to be over, we believe the scene is set for steady growth for the Mexican mining sector over our newly extended forecast period to 2014.
Dallas, TX -- (SBWIRE) -- 06/08/2010 -- ReportsandReports Announce it Will Carry Mexico Mining Report 2010 Market Research Report in its Store.
Browse the complete Report on: http://www.reportsandreports.com/market-reports/mexico-mining-report-2010/
Report Description:
Mexico’s mining sector contracted, in line with many other global mining industries, in 2009. Production of key commodities dropped against a backdrop of falling demand. However, with the worst of the global economic crisis widely believed to be over, we believe the scene is set for steady growth for the Mexican mining sector over our newly extended forecast period to 2014. Mexico is a major mining economy, with abundant resources of coal, copper, gold, iron ore, lead, silver and zinc, among other minerals. The country also has a world-class steel industry. The Mexican mining sector has proved attractive to foreign investment, notably from Canada and the US. The industry benefits from political and financial stability, coupled to a sound regulatory framework. The head of the country’s Chamber of Mines (Camimex), Manuel Luevanos, is hopeful that mining investment in Mexico should total US$13.1bn over 2010-2012.
New Data
For 2010 BMI has made significant changes to the way in which we forecast mining data. As well as using local statistics agencies and associations, we also draw on the expertise of the UN’s Industrial Commodity Statistics Database, the US Geological Survey and the World Bureau of Metal Statistics for our historical export and production data. We then forecast this data using our own proprietary econometric model. Human intervention plays a necessary and desirable role in our mining forecasting; experience, expertise and knowledge of industry trends and developments ensure that we can spot likely future changes and anomalous data that a purely mechanical model would not.
Country Overview
Mexico is home to reserves of coal, copper, gold, iron ore, lead, silver and zinc, among other minerals. It is the world’s second largest producer of silver, after Peru. It is a significant supplier of iron and steel. Most of Mexico’s natural resources have been extensively mapped and developed, so there are perhaps fewer new opportunities for miners than elsewhere in Latin America. The government is broadly supportive towards foreign investment in the mining sector. However, corruption and instances of weak judicial decisions have been commonplace in the past.
Industry Forecast
After a difficult 2009, where we estimate that the value of the Mexican mining industry shrank by 6.8% year-on-year (y-o-y), we believe that the scene is set for steady growth from the industry over our newlyextended forecast period to 2014. We believe the sector can grow at an average rate of about 2% to 2014. Much will depend on whether Grupo México can end the three-year stand-off that has seen production suspended at its key Cananea mine. If the deadlock can be broken, then there may be a faster increase in copper output, as the company will be able to implement long-delayed investment programmes.
Table Of Contents:
Executive Summary
SWOT Analysis
Mexico Political SWOT
Mexico Economic SWOT
Mexico Business Environment SWOT
Global Mining Outlook
Table: Rio Tinto’s Capital And Major Evaluation Projects For 2010
BMI Views
Risks To Outlook
Industry Trends And Developments
Overview
Regulatory Structure And Developments
Key Projects
Metals
Iron Ore
Gold And Silver
Copper
Minerals
Coal
Mining Business Environment Ratings
Table: Americas Mining Business Environment Ratings
Political Environment
Domestic Politics
Regional Outlook
Industry Forecast Scenario
Commodities Forecast - Copper
Table: BMI’s Copper Forecasts
Table: Copper Data And Forecasts, 2005-2011
Commodities Forecast - Aluminium
Table: BMI’s Aluminium Forecasts
Table: Aluminium Data And Forecasts, 2005-2011
Commodities Forecast - Gold
Table: BMI’s Gold Forecasts
Table: Gold Data And Forecasts, 2002-2009 (tonnes)
Mexico’s Mining Industry Forecast
Table: Mexico’s Mining Industry Data And Forecasts, 2007-2014
Competitive Landscape
Company Monitor
Altos Hornos de México
Grupo México
Industrias Peñoles
Global Assumptions
Table: Global And Regional Real GDP Growth And Exchange Rates, 2009-2012
Table: Global Assumptions, 2008-2014
Table: Developed States’ Real GDP Growth, 2009-2012
Table: Emerging Markets’ Real GDP Growth, 2009-2012
Business Environment Ratings Methodology
Table: Mining Business Environment Indicators
Table: Weighting Of Components
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http://www.reportsandreports.com/market-reports/malaysia-mining-report-2010/
Japan Mining Report 2010
http://www.reportsandreports.com/market-reports/japan-mining-report-2010/
Peru Mining Report 2010
http://www.reportsandreports.com/market-reports/peru-mining-report-2010/
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