2017 Global Mining Industry Review and Outlook
Release time:
2018-01-03
Source:
China Mining Network, December 17, 2017
Major economies are growing in sync, and the global economic outlook is expected to improve.
International Monetary Fund ( IMF ) in 7 In the monthly World Economic Outlook report, the global economic growth rate for this year and next year remains unchanged, namely: 2017 The annual growth rate is 3.5% ,2018 The annual growth rate is 3.6% The global economy is still in a recovery phase, but unlike in previous years, most major economies are experiencing synchronized growth. 2017 The global economy will gradually recover in the years to come.
IMF It is expected that developed economies 2017 Annual economic growth 2.0% ,2018 Annual economic growth 1.9% Among them, the United States grew by... 2.1% 、 2.5% , the Eurozone grew separately. 1.9% 、 1.7% , Japan grew separately 1.3% 、 0.6% , the UK grew separately 1.7% 、 1.5% , Canada grew separately 2.5% 、 1.9% 。
Emerging and developing economies 2017 Year-on-year growth 4.6% ,2018 Year-on-year growth 4.8% Among them, China grew by... 6.7% 、 6.4% , Russia grew separately 1.4% 、 1.0% , Brazil grew separately 0.3% 、 1.3% , India grew separately 7.2% 、 7.7% , South Africa grew separately 1.0% 、 1.2% 。
From a regional perspective, countries bordering the Indian Ocean have generally experienced relatively rapid economic growth, particularly those in South Asia such as India, Myanmar, and Bangladesh, as well as East African nations like Ethiopia and Tanzania. Countries in the Gulf of Guinea—such as the Republic of the Congo, Côte d'Ivoire, and Ghana—have also seen very rapid economic growth.
Among OPEC countries, Libya’s economy has seen a significant rebound, while Venezuela continues to face numerous challenges in overcoming its economic difficulties. 2017 Year, 2018 The economy will still contract this year, but the pace of contraction is slowing. The economic growth rates of other OPEC countries, such as Indonesia, Iran, and the United Arab Emirates, are... 3% ~ 10% Among them, countries like Nigeria generally have smaller values. 3%。
Looking at the data by quarter, among developed economies, the U.S., the Eurozone, and Japan have all shown quarter-on-quarter improvement over the past year, while the U.K. experienced a slight decline. China’s economy is gradually stabilizing, whereas India has seen consecutive... 4 Economic growth slowed down quarter by quarter. Among major mineral-resource countries, Brazil is gradually emerging from recession, Russia is also rebounding quarter by quarter, and Peru... GDP Growth rates continue to slow down: Canada, South Africa, Chile, Australia. GDP Growth rate is in 1% ~ 3% Between.
Investment in exploration and development is rebounding in countries rich in critical mineral resources, while recovery in bulk minerals is slower.
In the experience 4 After years of consecutive declines, global investment in mineral exploration and development is showing signs of recovery. According to... SNL Metal and Mining Group Survey Statistics, 2016 Global exploration investment in non-ferrous metals for the year was 68.9 hundreds of millions of dollars, a decrease compared to the previous year. 22% , the company estimates 2017 The economy is set to stabilize and rebound this year.
According to data from the Australian Bureau of Statistics, 2017 In the first half of the year, the country's investment in mineral exploration was 7.83 hundreds of millions of dollars, compared to the same period last year 6.44 Hundred-million-dollar growth 21% Drilling footage 389 10,000 meters, compared to the same period last year 310 Ten-thousand-meter growth 25% Among them, the country’s investment in mineral exploration in the second quarter was 4.29 hundred million U.S. dollars, up year-on-year 6.6% By mineral type, gold and base metals saw relatively large rebounds, while iron ore and other minerals experienced smaller increases.
Democratic Republic of the Congo, Kamoa — World-class copper mining projects such as Kakula continue to make significant progress. 3 In the month, a newly discovered Kakulasi copper deposit was identified, which is shallower in depth and has a higher grade. 5 In the month, Kakula announced new resource estimates: estimated copper metal resources. 1130 Ten thousand tons, copper grade 3.23% ; Estimated resource amount 136 Ten thousand tons, copper grade 2.26% Currently, the entire Kamoa — The Kakula copper mine project has a strike length exceeding 10 kilometers, with ore reserves reaching 10 With a production capacity of hundreds of millions of tons, it will rank among the world’s top three copper mines. Ecuador’s Cascabel copper-gold mine continues to achieve new exploration breakthroughs, repeatedly announcing that drilling has uncovered mineralization nearly a kilometer thick—some individual drill holes have even exceeded this mark. 1200 M, the project is expected to release its first resource estimate by year-end. Exploration at the Hamagotai copper-gold mine in Mongolia continues to yield new discoveries, including mineralization at the Altantoulgai deposit. 646 Mile, copper grade 0.51% Gold 0.87 Ker / Ton, mineralization found in the Wangshan deposit 264 Mile, copper grade 0.56% Gold purity 1.46 Ker / Ton.
Meanwhile, significant progress has also been made in lithium exploration and ore-forming theory. Manono in the Democratic Republic of the Congo... Manono ) The lithium deposit is considered the world's largest hard-rock-type lithium deposit and is among the top lithium deposits. “ Escondida ” ; Prospective ore resource amount 10 Hundred million~ 12 100 million tons, lithium oxide grade 1.25% ~ 1.5% American scientists have discovered that magma erupted during supervolcano eruptions cools to form rocks, which, under the effects of weathering and erosion, release lithium elements and accumulate to form lithium-rich clay deposits. This discovery also helps explain the situation in South America. “ Lithium Triangle ” The genesis of lithium deposits in salt lakes: This region is densely dotted with volcanoes, and the lithium carried by these volcanoes accumulates in high-altitude salt lakes through erosion, weathering, and subsequent sedimentation.
In addition, new progress has been made in the comprehensive utilization of mineral resources. As the prices of cobalt and lithium—typically considered byproducts—have surged, technologies for their comprehensive utilization have received heightened attention and achieved new breakthroughs. For example, a pilot test conducted at the Kalgoorlie nickel mine in Western Australia involved atmospheric acid leaching, and the results showed that the leaching rates of both nickel and cobalt could reach as high as... 98% , scandium can reach 92% ; U.S. Energy Choices 3 A project is being funded to attempt the efficient recovery of rare-earth metal elements from coal and its byproducts; Canada. MGX A mining company has successfully extracted lithium from heavy oil wastewater for the first time.
Legal policies are frequently adjusted, and the status of the mining industry has risen somewhat.
Overall, both developed and developing economies have come to regard mining as a major driver of economic growth—a phenomenon that has been relatively rare in recent years.
Since taking office, U.S. President Trump has fulfilled his campaign promises by introducing a variety of policies to support the development of the mining industry. This year... 3 In the month, Trump signed. “ Energy independence ” administrative order. 7 In recent months, Trump announced the repeal of the policy implemented during the Obama administration that restricted financing for overseas coal-fired power plants. Additionally, with regard to leasing federal lands, Trump lifted the Obama administration’s ban on leasing federal land for coal mining. As a result of these policies, U.S. coal production and exports have rebounded significantly.
To promote the development of its domestic mining industry, Brazil has undertaken sweeping reforms to its mining regulatory system. On the one hand, the Bureau of Mineral Development has been transformed into the National Mining Agency, which is now responsible for overseeing the mining sector. The aim is to enhance transparency and reduce bureaucratic red tape. On the other hand, royalty rates for mining rights have been increased, the tax base has been shifted from net sales revenue to total sales revenue, and a floating tax rate has been introduced, adjusted according to price fluctuations. Taking iron ore as an example, if the price of iron ore falls below... 60 U.S. dollar / Ton, royalty rate is 2% ; Price at 60 U.S. dollar / Ton~ 70 U.S. dollar / ton, with a tax rate of 2.5% ; Price at 70 U.S. dollar / Ton~ 80 U.S. dollar / ton, with a tax rate of 3% ; Price at 80 U.S. dollar / Ton~ 100 U.S. dollar /