ZAMBIA : THE ECONOMY, INVESTMENT CLIMATE AND MINING SECTOR. Presentation at the Asian Copper Week 19 th -20 th 2014 By Ireen Musonda
|
|
- Alvin Boone
- 6 years ago
- Views:
Transcription
1 ZAMBIA : THE ECONOMY, INVESTMENT CLIMATE AND MINING SECTOR Presentation at the Asian Copper Week 19 th -20 th 2014 By Ireen Musonda
2 INTRODUCTION Zambia Economy PRESENTATION OUTLINE CURRENT ZAMBIA ECONOMIC DEVELOPMENTS GLOBAL IMPACT AND ITS ON THE ZAMBIA ECONOMY THE GENERAL INVESTMENT ENVIRONMENT IN ZAMBIA MINING SECTOR, INVESTMENT & REGULATORY ENVIRONMENT IN ZAMBIA
3 ZAMBIA Key Facts ANGOLA NAMIBIA DRC TANZANIA ZAMBIA MOZAMBIQUE ZIMBABWE Madagascar BOTSWANA Geographical Location: 8 neighbouring countries (Landlocked/linked) Independence: 1964 Territory (land and water): 752,614 square kilometres consisting of 2.5 % of the area of Africa Population: 14mn (2013 est.) & highly skills Life Expectancy: 44 year (2010) GDP per capita (current): $ 1,675 (2013) Nominal GDP: $12.8bn (2013) Growth sectors: Agriculture, Mining, Transport & communication, Manufacturing, Construction, Energy Natural Resources: Metals: Copper, cobalt, gold,nickel, uranium Minerals: diamonds, gemstones, coal Cash crops: coffee, cotton, flowers, tobacco, vegetables, sugar, maize Currency: Kwacha (ZMW) Capital City: Lusaka Government: Republic Membership in international organisations (Selected) include the UN, WTO, IMF, IAEA, ICSG, African Union (AU), African Development Bank (AfBD) the Common Market for Eastern and Southern Africa (COMESA), Southern Africa Development Community (SADC) SOUTH AFRICA 3
4 ZAMBIA Key Facts-Political Climate Zambia is a very peaceful Multi-Party Democracy despite five changes in Government Multi-Cultural Society (73 dialects) Rule of Law Separation of powers between the Executive, Legislature and Judiciary An independent press and Judiciary Pro-business Government Anti-Corruption drive
5 ZAMBIA Key Facts The Economy Selected Macroeconomic Indicators Outturn Average Projections Variable Real GDP (%) Nominal GDP (Million Kwacha) Nominal GDP (Billion US$) 75, , , ,645 25,950 28,790 31,908 GDP per Capita(In US$) >1,000 1,847 1,999 2,216 Inflation (end year) Domestic Borrowing Overall Budget Deficit % of GDP Current Account Deficit (% of GDP, including grants) Gross International Reserves (Billion US$) Gross International Reserves (Months of import cover) >1, ,990 3,539 4, Economy is mainly dependent on Copper contributing >10 % to GDP and 70% of Export Earning. Growing subsistent agriculture, Manufacturing, Tourism, construction and Energy Sectors Free-market economic policies The exchange rate is market determined and no foreign exchange controls 100% repatriation of profits, dividends, royalties, etc. developed and liberalized Banking and Financial Services sector Private Sector Development Programme (PSDP)- aimed at improving business environment Investment Promotion and Protection Agreement (IPPA) Investment incentives Member of COMESA/SADC in the spirit of promotion of regional integration
6 Developments in the Zambia economy Robust and sustained Economic Performance continue to be recorded, aided by stable macroeconomic environment Mining, Agriculture, Construction, Transport & communication & financial sector have been the main growth drivers of the Economy in Zambia Trends in GDP Growth Sector Agriculture, Forestry and Fishing Mining and Quarrying Manufacturing Electricity, Gas and Water Construction Transport, Storage and Communications Communications Financial Institutions and Insurance Real Estate and Business services TOTAL GROSS VALUE ADDED
7 Developments in the Zambia economy Zambia s trade performance has been buoyant with exports increasing more than two fold and NTEs more than four times in the last 6 years 12, , , , , , Trends in Exports( US$ million) 10, , , , , , , , , , , , , , , , Zambia s exports are mainly metal and Non-Traditional Exports have increased over 200% in the last 6 years. Metal exporting earnings have been rising from US$ 4,004.0 million 2008 to US$$7, In 2013 Non traditional Exports (NTEs) earning rose to US$3, million from us $876.2 million.
8 Developments in the Zambia economy Robust in investments continue to spur economic growth in the Country Sector Shares of FDIs over the last five years 12,000 10,000 Trends in FDIs in US$ million 10,884 10,100 % SHARE OF ACTUALIZED FDI SECTOR IN 2011 Transport and Construction, 3.7 Communications, 0 Real Estate, 4.1 Others, 0 Tourism, 1.3 Agriculture, 3 Wholesale & Retail, 7.3 8,000 6,000 4,809 4,600 5,059 Bank & non-bank financial institutions, 6.8 4,000 2,000-2,010 1,729 1,600 1, , Manufacturing, - 17 Mining, 90.8 Actual Pledges
9 Zambia Impact of Global Economy Development Three aspect that may have impact on the Zambia Economy. Sluggish Global Economy and low demand Low commodity prices-copper prices Low Oil prices however have a positive impact Quantitative Easing in the USA and net effect from Japan & Euro Zone-: Reduction in Capital Inflows (FDIs) Performance of the Eurobond may be affected Effect of the Ebola- threat on attracting investors or tourism
10 Zambia Investment opportunities Investment opportunities are in the : Agriculture sector Mining Tourism Energy Manufacturing
11 Zambia General Investment Environment Legislation and investment incentives are provided for under the Zambia Development Agency Act. Some of priority sectors/ products as provided for under ZDA Act: Agricultural value addition (Floriculture, Horticulture, Processed foods) Textile sector Manufacturing of the copper, iron & steel, cobalt and other engineering products, Fertilizer production, Cement production Timber processing Leather production and processing Energy-Building of Mini-hydro power stations and alternative sources f energy Education and skills training Mining
12 Finance and Banking: Well developed banking and Financial Services sector- being supported by Financial Sector Development Plan Support infrastructure Zambia Investment opportunities Roads: opening of the country through link Zambia 8000 inter mine roads Rail: Copperbelt to RSA, Kapiri Mposhi to Tanzania Air Transport: 4 international Airports and several Airstrips Energy: mainly is Hydro power stations (Zambia has 40% of water bodies in southern Africa). Zambia has also abundant coal deposits for thermal power. Potential 6,000Mw available generation 2,000MW, and Currently demand peak MWh Current Power Projects- Kafue lower750mw, Itezhi tezhi 120MW, Maamba Thermal 300Mw and several mini hydro power stations)
13 MINING IN ZAMBIA
14 Mining has been the main source of expoert earning
15 Zambia Minerals and Geology Zambia has vast mineral resources which include copper, cobalt, iron, manganese, nickel, uranium, gold platinum group metals, gemstones and coal among others. Exploration activities in Luapula, Copperbelt, North Western and in Central Provinces.
16 ZAMBIA 2014 World Copper Reserves ( Million Tonnes) Other Countries Kazakhstan Canada Zambia Democratic Republic of Congo Poland Indonesia Russia China Mexico United States of America Peru Australia Chile
17 ZAMBIA % share of World Copper Reserves (source:usgs) Kazakhstan, 1.0 Democratic Republic of Congo, 2.9 Canada, 1.5 Zambia, 2.9 Poland, 3.8 Indonesia, 4.1 Other Countries, 13.0 Chile, 27.5 Russia, 4.4 China, 4.4 Australia, 12.6 Mexico, 5.5 Peru, 10.1 United States of America, 5.7
18 ZAMBIA World Top Ten Copper Producing Countries ( 000Tons) 6,000 5,700 5,000 4,000 3,000 2,000 1,650 1,300 1,220 1, Chile China Peru United States of America Australia Russia Democratic Republic of Congo Zambia Canada Mexico
19 Zambia Mining in Zambia Copper Production (Mt) 1,200,000 1,000, , , , , , , , , , , , , , , Q3 2014P 2015P 2016P
20 Zambia Major player in the Mining industry Mine Name Location Main shareholding Government Stake(%) Type of mine Minerals Mine life (Years) Konkola Copper Mine Copperbelt Vendata/ZCCM-IH 20.6 Underground/Open Cast Copper 35 Mopani Mine Copperbelt Glencore/First quantum 10 Underground/Open Cast Copper 25 Kansanshi N/Western First Quantum 20 Open cast Copper/Gold Lumwana N/Western Barrick Gold Open cast copper 35 Luanshya- Baluba/Mulyashi Copperbelt CNMC 10 underground - baluba/open cast Mulyashi Copper 10 Chibuluma Copperbelt Metorex-Jinchuan Group 15 underground copper 10 Chambeshi NFC Copperbelt China NFM 15 underground Copper 25 Lubambe Copperbelt Rainbow/Vale/ZCCM -IH 20 underground 28 sino Metal Leach Copperbelt CNFC Procesing Tailing copper
21 Zambia Major player in the Mining industry Processing plants Name Capacity Location Owners Chambeshi Copper Smelter 250,000Copperbelt CCS Chambeshi Metal 55,000Copperbelt ENRC
22 Name Location Operators Mining in Zambia New Projects Expected Production /annum (Tonnes) Operations Beginning Type operations Mine Life Cost (US $Billion) Kalumbila-Trident Project N/Western First Quatum >250, open cast Lackthorn Resources Central Province >35,000 Underground KCM-Upper ore body project Copperbelt Vendata >200, Underground Kansanshi smelter N/Western FQM >400, Smelter NFCA Copperbelt China NFMC >40, underground Mopani Synclinorium Ore body Copperbelt Glencore/F QM >140, underground
23 ZAMBIA Mining Regulatory Framework The legislation that governs exploration & mining in Zambia is the Mines & mineral Act of 2008 providing guiding principle for: Transparency for checks & balances and accountability in the administration of mining rights. Ensure security of tenure & non-compulsory of acquisition of mining assets Safeguard the environment
24 Zambia: Mining Fiscal Regime Changes are aimed at increasing transparency in the sector through monitoring of the country s mineral value chain & achieve a more equitable distribution of minerals. Tax type Rate % Comment Current Mining Tax Regime Corporate Tax 30 Mineral Royalty 6 charged on all types of mineral levied on dividend, interest 7 payments 15 Witholding Tax to affiliate or subcontractors, 20 royalties & management fees Variable Profit taxable on income which is above 8% of 15 Tax gross income Export Tax 10 on unprocessed or semi processed ores Changes in Mining Tax Regime (2015) 8 for underground operations as final tax Mineral Royalty 20 for open cast operations as final tax 30 On income earned from tolling on income earned from processing of Corporate purchases ores, concentrates & semi Income Tax 30 processed minerals currently taxed from mining operations Note: the new mining tax regime will apply to mining of industrial minerals
25 Mining in Zambia Investment opportunities in the mining Prospecting/Exploration Investment in Green field mines Expansion of existing mining activities Beneficiation/value addition Copper refinery/smelting
26 THANK YOU FOR YOUR ATTETION
The mining sector in Africa
HIF, Freiberg 11.08.2015 The mining sector in Africa and the conflict minerals issue Table of contents Mining sector in Africa Artisanal and smallscale mining Conflict minerals Mining sector in Africa
More informationSouthern Africa regional superpower in the making. Dr Roelof Botha
Southern Africa regional superpower in the making Dr Roelof Botha Health sector focus Composition of Gauteng health budget FY 01 by programme (total R5. billion) R b Central Hospitals: 6.5 Facilities Management:.
More informationA short guide for our stakeholders
A short guide for our stakeholders on revenue from mining in Zambia for the year 2015 This guide is made possible with support from the European Union Welcome to our short guide for 2015! What will you
More informationCaleb M Fundanga: Fourth quarter 2010 media briefing
Caleb M Fundanga: Fourth quarter 2010 media briefing Presented by Dr Caleb M Fundanga, Governor of the Bank of Zambia, Lusaka, 18 February 2011. * * * Executive summary 1. This brief examines monetary
More information2015 Economic Review and Outlook
2015 Economic Review and Outlook CRA is licensed by the Securities and Exchange Commission of Zambia as an authorised provider of credit rating services. Introduction 2015 will be remembered as a turbulent
More informationUnited Nations Conference on Trade and Development. Crises on LDCs: Mapping the exposure to market volatility and building resilience to future crises
13 April 2011 Original: English only Fourth United Nations Conference on the Least Developed Countries (LDC-IV) Special Event on Commodity Dependence and the Impact of the Multiple Global Crises on LDCs
More informationBuilding Partnerships in Africa
Building Partnerships in Africa Japan Sustainable Mining, Investment and Technology Business Forum 16 17 May 2013 Alan Davies, Chief executive Diamonds and Minerals, Rio Tinto 2 Cautionary statement This
More informationFirst Quantum Minerals Ltd. Consolidated Financial Statements Second Quarter June 30, 2006 (Unaudited) (expressed in thousands of U.S.
First Quantum Minerals Ltd. Consolidated Financial Statements Second Quarter June 30, 2006 (Unaudited) (expressed in thousands of U.S. dollars, except where indicated) First Quantum Minerals Ltd. Consolidated
More informationPRESENTATION ON THE INVESTMENT OPPORTUNITIES IN BOTSWANA. Ms Reitumetse Aphiri Executive Director Investment Promotions 27 th February 2013
PRESENTATION ON THE INVESTMENT OPPORTUNITIES IN BOTSWANA Ms Reitumetse Aphiri Executive Director Investment Promotions 27 th February 2013 Contents 1. Botswana Overview Key Figures Macroeconomic Fundamentals
More informationThis is the Mining Industry. Long Cold winters and Short beautiful summers
This is the Mining Industry Long Cold winters and Short beautiful summers Delivered by: Mr. Mike Teke 4 October 2013 Today s conversation This too will Pass! The Global Mining space The State of South
More informationTABLE OF CONTENTS. Monetary Policy Statement
JUL - DEC 018 Bank of Zambia MISSION STATEMENT The principal purpose of the Bank of Zambia is to achieve and maintain price and financial system stability to foster sustainable economic development. This
More informationMining in APEC Economies: Opportunities and Challenges
05/SOM/MTF/05 Agenda Item: 6 Mining in APEC Economies: Opportunities and Challenges Purpose: Information Submitted by: ABAC 9 th Mining Task Force Meeting Cebu, Philippines 6-7 August 05 Mining in APEC
More informationShared Value as a Stepping Stone for Development Linkages? Evidence from Central Africa
Shared Value as a Stepping Stone for Development Linkages? Evidence from Central Africa AGM - Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) Session 12: Employment,
More informationZambian Mining Conference
Zambian Mining Conference Mining Industry Outlook and the Impact of Capital Markets: Key note address by Mr. Tom Albanese, CEO, Vedanta Resources Plc London, United Kingdom, 29 June 2015: Honorable Minister,
More informationForeign Direct Investment (FDI) in Sub-Saharan Africa: An exploratory study of the origins, patterns, impact and challenges of FDI in Zambia.
Foreign Direct Investment (FDI) in Sub-Saharan Africa: An exploratory study of the origins, patterns, impact and challenges of FDI in Zambia. A Research Report Presented to The Graduate School of Business
More informationInternational Monetary Fund Washington, D.C.
2008 International Monetary Fund January 2008 IMF Country Report No. 08/30 Zambia: Statistical Appendix This Statistical Appendix for Zambia was prepared by a staff team of the International Monetary Fund
More informationA SOLID BASE A POSITION OF STRENGTH A ROBUST PROJECT PIPELINE. Growth.
A SOLID BASE A POSITION OF STRENGTH A ROBUST PROJECT PIPELINE Growth www.first-quantum.com TSX: FM LSE: FQM June 2011 1 Cautionary Note Concerning Forward-Looking Statements Some of the statements contained
More informationBuilding an international, low cost mining company. September, (all figures in US dollars where applicable, except where indicated)
Building an international, low cost mining company September, 2006 (all figures in US dollars where applicable, except where indicated) A copy of this presentation can be downloaded at www.first-quantum.com
More informationBank of Zambia Monetary Policy Statement
Bank Of Zambia Bank of Zambia Monetary Policy Statement JULY DECEMBER 004 Bank of Zambia MISSION STATEMENT The principal purpose of the Bank of Zambia is to formulate and implement monetary and supervisory
More informationBank of Zambia MISSION STATEMENT
Bank of Zambia MISSION STATEMENT The principal purpose of the Bank of Zambia is to achieve and maintain price and financial system stability to foster sustainable economic development. This is made pursuant
More informationPapua New Guinea. Clear Potential with Near Term Challenges. UK-PNG Trade & Investment Forum London - June 2015
Papua New Guinea Clear Potential with Near Term Challenges UK-PNG Trade & Investment Forum London - June 2015 AA- rated ANZ is the major international bank in the Pacific A presence in 12 markets across
More information9/22/2010. Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa. Strategy
Standard d Bank Group Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa Strategy 1 What is our strategy? To build a leading emerging markets financial services organisation
More information0 Zimbabwe Fiscal Guide 2015/2016. Tax. kpmg.com
0 Zimbabwe Fiscal Guide 2015/2016 Tax kpmg.com 1 Zimbabwe Nigeria Fiscal Fiscal Guide Guide 2013/2014 2015/2016 INTRODUCTION Zimbabwe Fiscal Guide 2015/2016 2 Business income Tax is levied on a source
More informationII. Country Economic Profiles: Ethiopia, Tanzania, Zambia, China and Vietnam
II. Country Economic Profiles: Ethiopia, Tanzania, Zambia, China and Vietnam 50 II.1. Ethiopia II.1.1. Growth and Structure Ethiopia, with a population of 81 million and per capita income (at market prices)
More information2017 FIRST QUARTER ECONOMIC REVIEW
2017 FIRST QUARTER ECONOMIC REVIEW MAY 2017 0 P a g e Overview The performance of the economy in the first quarter of 2017 was on a positive trajectory with annual growth projected to be about 3.9 % from
More informationTurkey s value proposition and a short note on Turkish Mining Sector (10 November 2016) ABMEC Annual Conference 2016 (Figures and pictures courtesy of Investment Agency of Turkey) www.ishtaradvisory.com
More informationCaleb M Fundanga: The global economic crisis Zambia s strategy to maintain stability
Caleb M Fundanga: The global economic crisis Zambia s strategy to maintain stability Remarks by Mr Caleb M Fundanga, Governor of the Bank of Zambia, at the 4th Eastern and Southern African Management Institute
More informationMONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER Governor s Presentation to the Media. 22 nd November, 2017
1 MONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER 2017 Governor s Presentation to the Media 22 nd November, 2017 INTRODUCTION 2 The presentation is structured as follows: 1. Decision of the Monetary
More informationTable of contents. Acknowledgements... Explanatory notes... Executive summary...
Table of contents Acknowledgements... Explanatory notes... Executive summary... iii iv v Chapter I Global economic outlook... 1 Prospects for the world economy in 2014-2015... 1 Global growth continues
More informationINTERNATIONAL DEVELOPMENT SELECT COMMITTEE INQUIRY INTO THE LINK BETWEEN TAXATION AND DEVELOPMENT RESPONSE FROM GLENCORE INTERNATIONAL PLC
1 INTERNATIONAL DEVELOPMENT SELECT COMMITTEE INQUIRY INTO THE LINK BETWEEN TAXATION AND DEVELOPMENT RESPONSE FROM GLENCORE INTERNATIONAL PLC 1. Introduction (1.1) Glencore International plc, headquartered
More informationMongolia s economy and competitiveness.
Mongolia s economy and competitiveness www.ecrc.mn Economic Policy and Competitiveness Research Center OUR VISION The Economic Policy and Competitiveness Research Center (ECPRC) established in 2010. Formed
More informationMining Development Framework
Mining Development Framework Cielo Magno, Ph.D. National Coordinator, Bantay Kita OUTLINE Discussion of the Mining for Development Framework Philippine Context Assessment Recommendations SUSTAINABLE DEVELOPMENT
More informationECONOMIC SURVEY 2017 HIGHLIGHTS
ECONOMIC SURVEY 2017 HIGHLIGHTS PRESENTED BY ZACHARY MWANGI DIRECTOR GENERAL KENYA NATIONAL BUREAU OF STATISTICS 19 TH APRIL 2017 ECONOMIC SURVEY 2017 Outline International scene Highlights of the country's
More informationFIRST QUANTUM MINERALS
FIRST QUANTUM MINERALS THIRD QUARTER 2018 CONFERENCE CALL & WEBCAST OCTOBER 30, 2018 TSX: FM OCTOBER 30, 2018 1 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements and information herein,
More informationUpdate: Interim Economic Partnership Agreements
TRADE POLICY in PRACTICE GLOBAL EUROPE 19 December 2007 Update: Interim Economic Partnership Agreements The EU and the African, Caribbean and Pacific countries (ACP) have been working to put in place new
More informationPRESENTATION BY: ALBERT HALWAMPA ACTING DIRECTOR EXPORT DEVELOPMENT DIVISION JOINT ZDA- ICG RESEARCH DISSEMINATION 24TH NOVEMBER,2016
1 EXPORT DEVELOPMENT PROGRAMMES IN ZAMBIA PRESENTATION BY: ALBERT HALWAMPA ACTING DIRECTOR EXPORT DEVELOPMENT DIVISION JOINT ZDA- ICG RESEARCH DISSEMINATION 24TH NOVEMBER,2016 OUTLINE 2 ABOUT ZDA EXPORT
More informationItem
256 POPULATION Total population million; as of 1 July 42.9 45.1 47.0 47.6 47.9 48.0 48.1 48.3 Population density persons per square kilometer 432 454 473 487 490 492 494 487 Population annual change, %
More informationCANADA UKRAINE UKRAINE S PROFILE NOTES. Florian Richard
UKRAINE S PROFILE Economic Indicators Gross domestic product (GDP) at purchasing power parity (PPP): US$353.0 billion (2016) GDP per capita at PPP: US$8,300 (2016) Population: 45.0 million (2016) International
More informationBuilding Partnerships in Africa African Mining Indaba, 4-7 February 2013, Cape Town Alan Davies, Chief executive Diamonds and Minerals, Rio Tinto
Building Partnerships in Africa African Mining Indaba, 4-7 February 2013, Cape Town Alan Davies, Chief executive Diamonds and Minerals, Rio Tinto 4-7 February 2013 African Mining Indaba 2 Cautionary statement
More informationReview of the Economy. E.1 Global trends. January 2014
Export performance was robust during the third quarter, partly on account of the sharp depreciation in the exchange rate of the rupee and partly on account of a modest recovery in major advanced economies.
More informationInvestment Policy of the Kyrgyz Republic in the Framework of Integration Process
Investment Policy of the Kyrgyz Republic in the Framework of Integration Process The Center of Economic Research The National Bank of the Kyrgyz Republic Content Macroeconomic indicators Economic achievements
More informationTaxation of extractive industries in East and Central Africa. Are these in harmony?
Taxation of extractive industries in East and Central Africa Are these in harmony? Panel Moderator Panel Max Mangoro Silke Mattern Albena Todorova Partner EY Zimbabwe Partner EY Tanzania Partner EY Mozambique
More informationThe New Leader in Global Copper
The New Leader in Global Copper January 2014 TSX: FM; LSE: FQM Cautionary Note Regarding Forward-Looking Statement Some of the statements contained in the following material are forward looking statements
More informationMARKET UPDATE ON THE INTERNAL RESTRUCTURING AND REPOSITIONING STRATEGY AND FURTHER CAUTIONARY ANNOUNCEMENT
ZCCM INVESTMENTS HOLDINGS PLC [Incorporated in the Republic of Zambia] Company registration number: 771 Share Code: ZCCM-IH ISIN: ZM0000000037 [ ZCCM-IH or the Company ] MARKET UPDATE ON THE INTERNAL RESTRUCTURING
More informationUpdate: Interim Economic Partnership Agreements
TRADE POLICY in PRACTICE GLOBAL EUROPE 13 December 2007 Update: Interim Economic Partnership Agreements The EU and the African, Caribbean and Pacific countries (ACP) have been working to put in place new
More informationFIRST QUANTUM MINERALS
FIRST QUANTUM MINERALS TSX: FM February 2017 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENT Some of the statements contained in the following material are forward-looking statements and not statement
More informationMONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER Governor s Presentation to the Media. 16 th November, 2016
1 MONETARY POLICY COMMITTEE STATEMENT FOR THIRD QUARTER 2016 Governor s Presentation to the Media 16 th November, 2016 INTRODUCTION 2 This presentation is structured as follows: 1. Decision of the Monetary
More informationMethodology of the Resource Governance Index
Methodology of the Resource Governance Index This methodology note explains what the Resource Governance Index (RGI) measures; how countries and sectors were selected; how data was collected and managed;
More informationFLASH TALK FOCUS ON UGANDA BY: APOLLO N. MAKUBUYA 18 TH NOVEMBER 2016
SLAUGHTER AND MAY PLEA5e 2016 FLASH TALK FOCUS ON UGANDA BY: APOLLO N. MAKUBUYA 18 TH NOVEMBER 2016 MASEMBE, MAKUBUYA, ADRIKO, KARUGABA & SSEKATAWA ADVOCATES (MMAKS ADVOCATES) WHO WE ARE 2 Specialized
More informationBUILDING THE FUTURE WITH BASE METALS
December 2018 BUILDING THE FUTURE WITH BASE METALS FORWARD LOOKING STATEMENTS This presentation includes certain "forward-looking statements" and forward looking information (as defined under applicable
More informationCANADA UNITED KINGDOM
COUNTRY PROFILE Economic Indicators Gross domestic product (GDP) at purchasing power parity (PPP): US$2.7 trillion (2015) GDP per capita at PPP: US$41,300 (2015) Population: 65.1 million (2015) Merchandise
More informationZAMBIA: COUNTRY EXPERIENCE ON COMPILATION & PUBLICATION OF FOREIGN AFFLIATES TRADE IN SERVICES STATISTICS (FATS)
ZAMBIA: COUNTRY EXPERIENCE ON COMPILATION & PUBLICATION OF FOREIGN AFFLIATES TRADE IN SERVICES STATISTICS (FATS) By Christabel & Wilson Phiri, BoZ. SADC Workshop On Trade In Services Statistics, 27 th
More informationCaleb M Fundanga: Global financial and economic crisis and its effect on the Zambian economy
Caleb M Fundanga: Global financial and economic crisis and its effect on the Zambian economy Speech by Dr Caleb M Fundanga, Governor of the Bank of Zambia, to the SADC Group of High Commissioners and Ambassadors
More informationAfrican Mining Time for a reality check?
African Mining Time for a reality check? LSE: RRS NASDAQ: GOLD Mine Africa Forum, March 218 The World in CRISIS? or ON THE MEND? Trump mania and nationalism illegal immigration BREXIT and European populism
More informationMONGOLIA is OPEN. for BUSINESS. Invest Mongolia Agency
MONGOLIA is OPEN for BUSINESS Invest Mongolia Agency WHY INVEST IN MONGOLIA 1. Large mineral resource base that can be leveraged for value added processing 2. Situated between two giant economies, China
More informationReform EITI to Require Compliant Countries to Publish Disaggregated Company-by- Company Revenue Payments
Proposal for the Extractive Industry Transparency Initiative Strategic Review 2013 Draft CGD Policy Paper. Reform EITI to Require Compliant Countries to Publish Disaggregated Company-by- Company Revenue
More informationStructure of Presentation
The Impact of the Global and Economic Crisis on Southern Africa Agricultural Trade Forum 16 th Public Policy Dialogue Keith Jefferis Windhoek, March 24, 2009 Structure of Presentation The Global Financial
More informationDeutsche Bank BRICS Metals & Mining Conference 2 3 November Stompie Shiels: Executive Director, Business Development
Deutsche Bank BRICS Metals & Mining Conference 2 3 November 2011 Stompie Shiels: Executive Director, Business Development CONFIDENT ABOUT THE FUTURE OF OUR BUSINESS 2 Disclaimer Certain statements in this
More informationGlobal Trends and Kenya Economic Review 2017
Global Trends and Kenya Economic Review 2017 Table of Contents Key Global Trends that affect Kenya Expected Business Environment Key themes of the Budget 2017 Economic Analysis Key Global Trends that Impacts
More informationYukon s Merchandise Trade with the World
Yukon s Merchandise Trade with the World Publication No. 2014-39-E 23 June 2014 Alexandre Gauthier Economics, Resources and International Affairs Division Parliamentary Information and Research Service
More informationZimbabwe: State of the Operating Environment. February 2014
Zimbabwe: State of the Operating Environment February 2014 Outline 1. Political Environment 2 2. Economic Developments 3. Business Strategy and focus 4. Conclusion 3 1. POLITICAL DEVELOPMENTS 1.1 Political
More informationFirst Quantum Minerals Ltd.
First Quantum Minerals Ltd. Consolidated Financial Statements First Quarter March 31, 2006 (expressed in thousands of U.S. dollars, except where indicated) First Quantum Minerals Ltd. Consolidated Balance
More informationFOREIGN INVESTMENT, LOANS AND ASSISTANCE IN MONGOLIAN DEVELOPMENT
FOREIGN INVESTMENT, LOANS AND ASSISTANCE IN MONGOLIAN DEVELOPMENT A.Buyantogs* Mongolian has chosen market economy and has been already conducting ten years economic reforms towards market economy. Any
More informationImproving the Investment Climate in Sub-Saharan Africa
REALIZING THE POTENTIAL FOR PROFITABLE INVESTMENT IN AFRICA High-Level Seminar organized by the IMF Institute and the Joint Africa Institute TUNIS,TUNISIA,FEBRUARY28 MARCH1,2006 Improving the Investment
More informationSignificant Taxes in Select Jurisdictions
Significant es in Select Jurisdictions (5) Rank of License Value Added on Alaska 6 15-35% - Federal rate, increases with taxable income; 1-9.4% - State rate, increases with taxable income, against federal
More informationCANADA S MERCHANDISE TRADE WITH THE WORLD
NOTES The Library of Parliament s Trade and Investment series provides information on Canada s trade and investment relationship with the world and with selected countries. It also describes the trade
More informationConstruction and Mining Technique
Construction and Mining Technique Atlas Copco Capital Markets Day, December 2, 2008 Björn Rosengren, Business Area President Atlas Copco Capital Markets Day, December 2, 2008 Construction and Mining Technique
More informationCLSA Copper Access Day 4 JUNE MICHAEL NOSSAL Executive General Manager Business Development HKEx: 1208
CLSA Copper Access Day 4 JUNE 2014 MICHAEL NOSSAL Executive General Manager Business Development HKEx: 1208 Important information This presentation and the information contained herein are given for general
More informationMONETARY POLICY COMMITTEE STATEMENT FOR FIRST QUARTER Governor s Presentation to the Media. 16 th May, 2018
1 MONETARY POLICY COMMITTEE STATEMENT FOR FIRST QUARTER 2018 Governor s Presentation to the Media 16 th May, 2018 INTRODUCTION 2 The presentation is structured as follows: 1. Decision of the Monetary Policy
More informationBRITISH COLUMBIA NOTES PROVINCIAL PROFILE. Simon Richards
PROVINCIAL PROFILE British Columbia s Economy in 2013 Gross domestic product (GDP): $229.7 billion GDP per capita: $50,100 Population: 4.6 million Merchandise exports and imports: 37.5% of GDP British
More informationNORTHWEST TERRITORIES
PROVINCIAL PROFILE Northwest Territories Economy in 2013 Gross domestic product (GDP): $4.4 billion GDP per capita: $100,600 Population: 44,000 Merchandise exports and imports: 57.7% of GDP Northwest Territories
More informationCurrent Developments and Future Prospects for the Mongolian Copper Industry
MINISTRY OF INDUSTRY & TRADE MONGOLIA International Copper Study Group 30th Regular Meeting ICSG Current Developments and Future Prospects for the Mongolian Copper Industry Bold Sandagdorj Ministry of
More informationBRITISH COLUMBIA NOTES BRITISH COLUMBIA S PROFILE. Simon Richards
BRITISH COLUMBIA S PROFILE Economic Indicators in 2015 Gross domestic product (GDP): $250.0 billion GDP per capita: $53,300 Population: 4.7 million International merchandise exports and imports: 38.7%
More informationINTERNATIONAL TRADE ARRANGEMENTS
INTERNATIONAL TRADE ARRANGEMENTS SA TRADE AGREEMENTS Agriculture DIRECTORATE: INTERNATIONAL TRADE NOVEMBER 2009 1 CONTENT Americas AGOA TIDCA MERCOSUR Africa SACU SADC Europe TDCA EFTA 2 Africa Growth
More informationNORTHWEST TERRITORIES
TERRITORIAL PROFILE Northwest Territories Economy in 2014 Gross domestic product (GDP): $4.7 billion GDP per capita: $107,600 Population: 44,000 Merchandise exports and imports: 61.3% of GDP Northwest
More informationCommentary. Beyond Figures* Commentary. *connectedthinking Budgetary Changes
Beyond Figures* Commentary Commentary Bullish tone despite the big challenges ahead Issues identified Role of Government spelt out and Private sector role encouraged No real stimulus plan but incentives
More informationWhat are the major trends and determinants of foreign direct investment in SADC countries? I ndustrial
DPRU Industrial Strategy Project Development Policy Research Unit University of Cape Town What are the major trends and determinants of foreign direct investment in SADC countries? DPRU Policy Brief No.
More informationFigure 1. Trend of ASEAN Total Trade and Intra-ASEAN Trade,
The first pillar of the ASEAN Economic Community involves two key aspects on the free flow of goods and free flow of investment in order. to transform ASEAN into a single market and production base by
More informationCANADA MONTANA MONTANA S PROFILE NOTES. Clare Annett
MONTANA S PROFILE Economic Indicators Gross domestic product (GDP): US$46.0 billion (2016) GDP per capita: US$44,100 (2016) Population: 1.0 million (2016) Merchandise exports to Montana: 22 nd among the
More informationThe Big Picture. Long-Term Trends in Global Infrastructure Investment and Commodity Prices. Warren Hogan. Chief Economist.
The Big Picture Long-Term Trends in Global Infrastructure Investment and Commodity Prices Warren Hogan Chief Economist May 212 Outline Global Infrastructure Spending Trends Catching up for the industrialised
More informationLong term changes in industry structure Effects on trade, real wages and the labour share of income
Long term changes in industry structure Effects on trade, real wages and the labour share of income Project LINK Conference, Geneva, October 3-5, 2017 John L Perkins National Institute of Economic and
More informationThe Structure of the Western Australian Economy
The Structure of the Western Australian Economy May 2014 The Structure of the Western Australian Economy May 2014 The Structure of the Western Australian Economy Government of Western Australia 2014 Further
More informationCHILE S MINING INDUSTRY ON A GLOBAL SCALE. PEDRO PABLO DÍAZ HERRERA AMBASSADOR OF CHILE TO AUSTRALIA Brisbane, 18th May 2011
CHILE S MINING INDUSTRY ON A GLOBAL SCALE PEDRO PABLO DÍAZ HERRERA AMBASSADOR OF CHILE TO AUSTRALIA Brisbane, 18th May 2011 Chile-Australia AUSTRALIA CHILE Population 21,766,711 (July 2010 est.) 16,746,491
More informationAGOA: Trade Response from African Countries
AGOA: Trade Response from African Countries (+ focus on South Africa) Eckart Naumann Joint tralac WESGRO seminar 11 July 2003 Brief AGOA Overview Table of Contents Background, Country Eligibility, Product
More informationTEAL Exploration & Mining Incorporated Consolidated Financial Statements for the year ended June 30, 2006 (in thousands of United States Dollars)
Consolidated Financial Statements for the year ended June 30, (in thousands of United States Dollars) AUDITORS REPORT To the Shareholders of We have audited the consolidated balance sheet of TEAL Exploration
More informationECONOMIC SURVEY 2013 HIGHLIGHTS. Anne Waiguru, OGW Cabinet Secretary Ministry of Devolution and Planning
ECONOMIC SURVEY 2013 HIGHLIGHTS Anne Waiguru, OGW Cabinet Secretary Ministry of Devolution and Planning Presentation Outline 1. International scene 2. Highlights of the economic performance in 2012 3.
More informationMining s contribution to the Dominican Republic
Mining s contribution to the Dominican Republic Global Perspectives on Gold Mining: Evaluating Potential and Constraints UNCSD Ben Peachey, Director - Communications, ICMM 3 May 2011 Overview of presentation
More informationStatistical Release Gross Domestic Product Third Quarter 2012
Statistical Release Gross Domestic Product Third Quarter 01 1.0 Economic performance Kenya s economy exped by.7 per cent in the third quarter of 01 compared.0 per cent growth recorded in the same quarter
More informationSELECTED ECONOMIC INDICATORS... 2 INTERNATIONAL COMMODITY PRICE DEVELOPMENTS... 3 MERCHANDISE TRADE DEVELOPMENTS... 4 MONETARY DEVELOPMENTS...
SEPTEMBER i TABLE OF CONTENTS SELECTED ECONOMIC INDICATORS... 2 INTERNATIONAL COMMODITY PRICE DEVELOPMENTS... 3 MERCHANDISE TRADE DEVELOPMENTS... 4 MONETARY DEVELOPMENTS... 7 STOCK MARKET DEVELOPMENTS...
More informationEXPLORATION FOR DEEP-SEATED / CONCEALED MINERALS (as on 20 th March, 2018)
EXPLORATION FOR DEEP-SEATED / CONCEALED MINERALS (as on 20 th March, 2018) Minerals can broadly be divided into two categories: (i) (ii) Surficial deposits: minerals such as iron ore, bauxite, limestone,
More informationManagement s Discussion and Analysis
Management s Discussion and Analysis For the year ended December 31, 2015 This Management s Discussion and Analysis ( MD&A ) should be read in conjunction with the audited consolidated financial statements
More informationProfit from the Mining Sector s Strength
Profit from the Mining Sector s Strength 1 Profit from the Mining Sector s Strength A major tool for economic development Large and diversified mining potential Profit from the mining sector s strength
More informationBDO USA, LLP. International Assignment Issues in Emerging Markets/Developing Countries (China, Latin America, Africa)
BDO USA, LLP International Assignment Issues in Emerging Markets/Developing Countries (China, Latin America, Africa) Ken Guilfoyle, Senior Director Expatriate Tax Services, BDO USA, LLP September 23, 2014
More informationMauritius as a base for Regional Headquarters Companies
as a base for Regional Headquarters Companies 1 Scope of the presentation Regional business schemes Regional Headquarters Scheme Regional Development Scheme Business opportunities in the Region Other headquarters
More informationThe state of the South African economy With perspectives on agriculture & the status of South Africa s sovereign bonds
The state of the South African economy With perspectives on agriculture & the status of South Africa s sovereign bonds The strategic importance of agriculture With reflections on the state of the economy
More informationCommodity 30-Day Price Chart Commodity Prices Commodity Developments
WEEKLY ECONOMIC REVIEW Commodity 30-Day Price Chart Commodity Prices Commodity Developments 1,318 1,300 1,282 1,26 Gold Prices $/oz Daily US$/oz WoW % 16-May-1 1,292 19-May-1 1,302 20-May-1 1,296 21-May-1
More informationETHIOPIA. Agribusiness. Procedures and Opportunities
ETHIOPIA Agribusiness Procedures and Opportunities Ethiopia: Country Profile Ethiopia Brief Country Profile Ethiopia: Country Profile Rapid and sustainable economic growth One of the fastest growing economies
More informationCANADA BELARUS BELARUS S PROFILE NOTES. Florian Richard
BELARUS S PROFILE Economic Indicators Gross domestic product (GDP) at purchasing power parity (PPP): US$171.7 billion (2016) GDP per capita at PPP: US$18,100 (2016) Population: 9.5 million (2016) International
More informationExports under Preferential Trade Agreements
Exports under Preferential Trade Agreements Presenter: Mr R. NABEE- Team Leader Origin Unit Date: 17-18 July 2017 Overview Preferential Trade Agreements How to determine Rules of Origin Registration of
More informationCANADA HONG KONG COUNTRY PROFILE NOTES. Michaël Lambert-Racine
COUNTRY PROFILE Economic Indicators Gross domestic product (GDP) at purchasing power parity (PPP): US$414.4 billion (2015) GDP per capita at PPP: US$56,700 (2015) Population: 7.3 million (2015) Merchandise
More information