Welcome to
Mine, PricewaterhouseCoopers’ annual review of global trends in the mining industry. These reviews
provide a comprehensive analysis of the financial performance and position of the global mining industry.
2006 was another spectacular year for the global mining industry, as forecast in the 2005 edition of Mine. Once again, we predicted that 2007 should bring with it both record financial results and further
consolidation within the industry. The industry leaders continue to spread out from their geographical homes to
operate assets globally.
Building on our knowledge and experience from previous publications, this year’s report, Mine: Riding the wave,
provides an aggregated view of the global mining industry in 2006, represented by 40 of the world’s largest mining
companies. As faithful readers of Mine will note, the companies in our top 40 list have changed significantly since
the first publication, and in this edition we look back and see what happened to the companies we analysed as
part of the inaugural publication.
The 40 mining companies included in Mine: Riding the wave represent over 80 percent of the global industry by
market capitalisation. The results aggregated in this report have been sourced from publicly available information,
primarily annual reports. Our analysis covers major mining companies from across the globe based in 14
countries.
We have expanded our series of discussions with industry CEOs, which are compiled in our “View from the top”
article, but have complemented this with “View from around”, a snapshot of other stakeholder opinions on the
industry as a whole, with particular emphasis on high commodity prices and the social responsibilities of the
industry.
For the first time we have included a section by an external party, the International Council on Mining and Metals
(ICMM). ICMM Chairman Leigh Clifford has authored an article discussing the council’s new reporting and
assurance framework as a tool for increasing the accountability of the industry through more transparent reporting
on a wider range of non-financial information.
We trust you will find this year’s publication informative, and encourage you to send us your feedback.
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