2013-02-02 16:05:39 -
Fast Market Research recommends "Poland Mining Report Q1 2013" from Business Monitor International, now available
Poland
Restructuring efforts in the coal mining sector and a general lack of new base metal prospects lead us to forecast only slow growth in Poland's mining industry. We expect industry value to grow to US$12.2bn by 2017, an annual average decline of 2.3% from 2011 levels. This growth will ensure the country remains one of the most significant players in the European coal, silver and copper markets.
Having pumped large sums of money into Poland's troubled coal sector, the government has cashed in with the sale of Jastrzebska Spolka Weglowa (JSW), Poland's largest coking coal producer. Despite meeting resistance from striking workers in April 2011, the initial public offering (IPO) went ahead once terms were agreed in June. In total, the
government is expecting to raise PLN5.8bn, with one-third of the company to be sold on the open market.
Full Report Details at
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www.fastmr.com/prod/529459_poland_mining_report_q1_2013.aspx
The sharp increase of coal prices in recent years has led to renewed interest in Poland's ailing coal sector. One of the most important developments to watch out for in the coming years is the planned IPO of Kompania Weglowa, Europe's largest coal miner with a production capacity of around 48mn tonnes per annum (mntpa). The government announced in March 2012 that the IPO will ideally proceed before 2013 ends.
Dutch miner New World Resources (NWR) has received approval from its board of directors to extract coal from the Debiensko mine in Poland. A feasibility study indicates that the mine has a reserve of 190mn tonnes of coal, allowing for average annual production of 2mn tonnes. NWR expects the first coal to be extracted from the mine in 2017. Total investment in the project will reach EUR411mn, which is modest compared to typical investments in mines, and appears to be good value in our view, considering that NWR has a 50-year licence to mine the resource. NWR is also looking to mine coal at a number of additional coal seams at the site, with approval expected in 2013.
Report Table of Contents:
BMI Industry View
- Poland
SWOT
- Mining
Global Industry Overview
- Global Mining Outlook
- 1. Winners & Losers In 2013
- Table: Recent Tax Increases
- 2. China Slowdown To Weigh On Mining Equities
- 3. Capex At Risk As Prices Head Lower
- 4. Africa To Continue Attracting Chinese Attention
- 5. Changing Global Coal Trade Dynamics
Regional Overview
- Europe: Mining Sector Outlook
- Table: Table: Major Nordic Mining Projects
- Table: Table: Key Gold Projects In Eastern Europe
Market Overview
- Poland Mining
- Table: Poland - Mining Industry Value & Production Forecasts
Industry Forecast
- Copper: Modest Growth As Falling Grades Take Their Toll
- Table: Poland - Copper Production Forecast, 2009 - 2017
- Coal: Restructuring To Reduce Production
- Table: Poland - Coal Production, 2009 - 2017
- Zinc: Production Decline To Persist
- Table: Table: Poland - Zinc Production, 2009 - 2017
Regulatory Development
- Poland Mining Sector
Industry Risk Reward Ratings
- Europe Business Environment Analysis
- Table: Mining Risk/Reward Ratings
- Mongolia: Greater Government Control Unlikely To Hinder Phenomenal Growth
- Kazakhstan: Weak Infrastructure Restrains Growth Potential
Competitive Landscape
- Poland Mining
- Table: Table: Poland - Key Mines
Company Profile
- Lubelski Wegiel BOGDANKA (LWB)
- Table: LWB - Key Financial Data
- KGHM
- Table: KGHM - Key Financial Data
- Jastrzebska Spolka Weglowa (JSW)
- Table: JSW - Key Financial Data
Commodities Forecast
- Monthly Metals Update
Table: select Commodities: Performance & BMI Forecasts
Demographic Forecast
- Poland Demographic Data
- Table: Poland's Population By Age Group, 1990-2020 ('000)
- Table: Poland's Population By Age Group, 1990-2020 (% of total)
- Table: Poland's Key Population Ratios, 1990-2020
- Table: Poland's Rural And Urban Population, 1990-2020
Methodology
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