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Slovakia Mining Report 2015

Slovakia Mining Report 2015

BMI View: Slovakia's mining industry is small relative to most other European markets. It is expected toremain as such through to the end of our 2015-2019 forecast period, with lignite production continuing todominate overall output. Growth during this period will be undermined by the weakness in globalcommodity prices, which threaten to delay existing projects. However, we note longer-term growthpotential in certain sub-sectors including gold and possibly uranium.

Slovakia's mining sector is currently one of the smallest in Europe, dwarfed by those of its Central andEastern European neighbours, namely the Czech Republic, Poland and Austria. In local terms, the market isalso negligible in size, accounting for just 0.3% of GDP in terms of its overall value or about USD270mn.

Despite its limited stature, there is, however, relatively strong long-term potential for Slovakian mining.

While mining of brown coal or lignite currently dominates mining expenditure and employment, thecountry's gold mining sector holds considerable promise. Sizeable reserves have attracted the attention of anumber of international investors, including Cyprus-based EMED Mining and Canadian companyTournigan Gold, with recent exploration returning promising results in terms of grades and reserves.


BMI Industry View
SWOT
Industry Forecast
Coal: Limited Growth On Horizon
Table: Slovakia - Coal Mines
Table: Coal Production Forecast (Slovakia 2012-2019)
Gold: Project Delays Due To Weak Prices
Table: Slovakia - Major Gold Projects
Table: Gold Production Forecast (Slovakia 2012-2019)
Industry Risk Reward Ratings
Slovakia Risk/ Reward Ratings
Rewards
Industry Rewards
Country Rewards
Risks
Industry Risks
Country Risks
Europe Risk Reward Index
Poland Under Pressure
Finland Feeling The Heat
Table: Europe - Mining Risk/Reward Index
Regulatory Development
Tax Regime
Corruption A Key Challenge
Commodities Forecast
Commodity Strategy
Commodity Strategy
Competitive Landscape
Company Profile
Hornonitrianske Bane Prievidza (HBP)
Slovalco
Regional Overview
Russia To Drive Growth
Coal Industry Under Pressure
Rare Earths To Take Off
Tin To Return To The UK
Global Industry Overview
Global Overview
2. Stronger US Dollar To Persist
3. Iron Ore Market To Consolidate
5. Standouts In 2015
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Weighting Of Indicators

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