Thursday, 2 May 2013

Czech Republic Mining Report 2013

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Czech Republic Mining Report 2013
May 1st 2013, 00:00

BMI View: The Czech Republic''s mining sector is set to undergo declines until 2014, before seeing modestgains, when its value will reach US$2.9bn in 2017, on a par with current levels. The initial decline will bedriven by falling uranium production, before coal and gold production drive growth from 2013. Given ouroutlook for growth in the wider economy of the Czech Republic, we expect the mining sector''s share of GDPto continue falling over the next decade from 1.2% in 2011.The Czech Republic will remain one of Europe''s largest coal producers as the country remains reliant ondomestic coal output for energy generation. Whereas output from much of the rest of Europe ...

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