PRESS RELEASE – Santiago
BNamericas Mining Outlook 2016
Adapting to the New Reality of Volatility and Complexity
According to BNamericas’ 2016 Outlook for Mining, sentiment towards the mining industry in Latin America is showing glimmers of light towards the end of 2015, with an uptrend in mining stocks and the announcement that activist investor Carl Icahn took an 8.8% stake in Freeport-McMoRan, the world’s largest publicly traded copper producer.
As this sentiment gains momentum, industry players will begin to look for opportunities and Latin America has assets that are undervalued in the current market. Medium-sized producers are likely to lead deals in 2016, as the majors are still focused on productivity and portfolio optimization, and are subject to ongoing shareholder aversion to capital spending. At the same time, private equity funds are under increasing pressure to acquire assets.
The vast tracts of unexplored and unmapped areas will continue to make Latin America one of the top targets for exploration and mining investment. South America is home to the world’s largest undiscovered copper resources, accounting for some 20% of the 3.5Bt of undiscovered copper worldwide. South America potentially has 750Mt of undiscovered copper reserves. Central America is estimated to have another 170Mt, on top of 42Mt already identified. Brazil, Chile, Mexico and Peru also host some of the world’s largest gold and silver reserves, according to USGS.
And while Australia, Canada and the US continue to lead the rankings of attractiveness for mining investors, Latin America is next in line. The major mining jurisdictions in Latin America (Argentina, Brazil, Chile, Colombia, Mexico and Peru) all have mining friendly regulatory frameworks in place and all are anxious to attract foreign investment in the sector. To access the first chapter click here.
Metals prices: More pain to come
Argentina: Can a new administration unlock the potential? –
Brazil: Top notch potential will weather lower prices, domestic turmoil
Chile: The struggle for growth in a shifting landscape
Colombia: Development remains a challenge, but shoots of green could herald change
Mexico: Countercyclical investment persists thanks to low costs
Peru: Politics and people to shape the mining agenda
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About BNamericas Intelligence Series
Focusing on emerging trends and forecasted prospects, the Intelligence Series works to identify opportunities for our clients in six leading sectors for Latin America. From an annual Industry Outlook to regular surveys of industry players to forecasts in each sector, as well as country and topical focuses, this product delves into the challenges faced and solutions developed in business practices for the region.
BNamericas delivers on-the-ground insight and trusted business intelligence to companies and investors active and entering Latin America. Identifying opportunities early-on and connecting clients with business contacts and decision-makers across 12 industries, BNamericas is the edge your company needs in Latin America.
In addition to project-focused news and data, as well as C-level conferences, BNamericas analyzes macro movements that affect everyday business and future developments, including social, political, economic, regulatory, technological, financial and labor-related coverage. Connecting our clients with trustworthy and timely insights, BNamericas has been shaping the development of Latin America for 19 years.
Committed to helping businesspeople make more informed decisions about their operations, investments and movements in the Latin American business world, BNamericas delivers clients field-proven business intelligence packages including daily sector news, project and company databases, monthly analysis, quarterly statistical reports, and executive-level networking events.