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During 2006, the global mining industry witnessed some dramatic events. Takeover activity picked up from its rapid pace in 2005. Consolidation and expansion through acquisition of new assets remains a cornerstone of these cash-rich companies. A number of “mega-deals” were sealed in 2006, with CVRD leading the way, moving abroad to purchase Inco and becoming one of the world’s leading nickel producers.
For the companies analysed:
Net profits increased by 64% compared to 2005 and are now 15 times higher than their 2002 level.
Return on equity reached 33% compared to 26% in 2005.
Net cash inflow from operating activities was US $76.7 billion, an increase of 40%.
Cash applied in investing activities grew by 83% in 2006.
High commodity prices continue to drive improved results across a range of key performance indicators for the industry.
Download: Mine* - Riding the Wave (PDF 2.6 MB)
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