Publications

  • Global mine bulletin: September 2009 Global mine bulletin: September 2009
    Global mine bulletin: September 2009
    This edition of Global mine bulletin highlights a number of reports and surveys recently issued by the PricewaterhouseCoopers global mining team.
    686 KB PDF file | Free download
  • IFRS bulletin: Straight away: The extractive activities project at the IASBIFRS bulletin: Straight away: The extractive activities project at the IASB
    IFRS bulletin: Straight away: The extractive activities project at the IASB
    The extractive activities project at the IASB opens the door to potential radical changes to financial reporting for mining and oil & gas.
    83 KB PDF file | Free download
  • Petroleum accounting principles, procedures & issues, 6th edition Petroleum accounting principles, procedures & issues, 6th edition
    Petroleum accounting principles, procedures & issues, 6th edition
    The 6th edition Petroleum accounting principles, procedures & issues focuses on US financial accounting and reporting for petroleum exploration and production activities.
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  • PwC Survey of U.S. Petroleum Accounting Practices 2008PwC Survey of U.S. Petroleum Accounting Practices 2008
    PwC Survey of U.S. Petroleum Accounting Practices 2008
    The 2008 survey is a compilation of responses to a wide-ranging series of questions that we asked financial professionals working across the spectrum of oil and gas exploration and production companies. The goal of the survey is to analyze industry practices in applying pronouncements of the FASB and SEC. This survey is done in cooperation with the Institute of Petroleum Accounting at the University of North Texas.
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  • A world beyond recession: Global utilities survey 2009 A world beyond recession: Global utilities survey 2009
    A world beyond recession: Global utilities survey 2009
    Our 11th utilities global survey looks at the impact of the events of the past year, through the views of senior utility company executives, and ahead at the world that lies beyond the downturn.
    1.3 MG PDF file | Free download
  • Working together: Energy sector income tax benchmarking study Working together: Energy sector income tax benchmarking study
    Working together: Energy sector income tax benchmarking study
    Income tax disclosures, presented in annual reports, are an important insight into a company's tax affairs, with the effective income tax rate being the headline rate commonly quoted by chief financial officers when discussing their company's income tax affairs. In this study, PwC presents insights into where energy companies stand compared to their peer group for the exploration & production, integrated oil & gas and energy services segments of the industry. The study encompasses 37 companies located in 17 different countries around the world.
    216 KB PDF file | Free download
  • Global mine bulletin: April 2009 Global mine bulletin: April 2009
    Global mine bulletin: April 2009
    This edition of Global mine bulletin highlights a number of reports and surveys recently issued by the PricewaterhouseCoopers global mining team.
    524 KB PDF file | Free download
  • Crisis or not, renewable energy is hot: To reap the rewards, governments and companies should act now Crisis or not, renewable energy is hot: To reap the rewards, governments and companies should act now
    Crisis or not, renewable energy is hot: To reap the rewards, governments and companies should act now
    The survey examines Europe's future renewable energy marketplace through the lens of progress towards the 2020 goals. The study considers the market's potential, compares approaches in various countries, and puts forth some high-level recommendations for how governments and companies can achieve the high targets.
    745 KB PDF file | Free download
  • Total tax contribution: Global study for the mining industry Total tax contribution: Global study for the mining industry
    Total tax contribution: Global study for the mining industry
    The first ever Total tax contribution study for the global mining sector reveals the total taxes of fourteen of the world’s largest mining companies, focusing on their largest operations in a variety of countries.
    702 KB PDF file | Free download
  • The impact of electric vehicles on the energy industry The impact of electric vehicles on the energy industry
    The impact of electric vehicles on the energy industry
    The aim of this study is to provide an analysis of the impact that electric vehicles would have on the Austrian energy industry. This study is part of the Austrian Climate Research Programme.
    896 KB PDF file | Free download
  • Mining deals: 2008 annual review - Mergers and acquisitions activity in the mining industry Mining deals: 2008 annual review - Mergers and acquisitions activity in the mining industry
    Mining deals: 2008 annual review - Mergers and acquisitions activity in the mining industry
    After the rise comes the fall. The mining industry experienced a violent downward tailspin in the last three months of 2008 which has turned much of the deal-making in the sector upside down. We examine both the rationale behind the overall trends and look at the key individual deals. We look at the year under review, the context of the preceding three years, and ahead to the future direction of deal-making in the sector.
    2.5 MB PDF file | Free download
  • Oil & gas deals: 2008 annual review - Mergers and acquisitions activity within the global oil and gas market Oil & gas deals: 2008 annual review - Mergers and acquisitions activity within the global oil and gas market
    Oil & gas deals: 2008 annual review - Mergers and acquisitions activity within the global oil and gas market
    O&G deals 2008 reviews M&A activity in the oil and gas industry. We examine both the rationale behind the overall trends and look at the key individual deals.
    2.3 MB PDF file | Free download
  • Monetisation of coal assets: Briefing paper Monetisation of coal assets: Briefing paper
    Monetisation of coal assets: Briefing paper
    Coal has long been used as an energy resource traditionally for heating and power generation. However the dynamics and opportunity set for utilising coal is changing. There is increasing convergence and competition amongst different value-chains which means coal may have a more diverse role to play in the energy mix going forward. The climate change agenda and uncertain long term price expectations are causing a re-examination of extraction,production, transportation and end-user markets across a range of fuels. In our briefing paper, we describe the alternative methods for creating value from coal assets, with particular focus on coal bed methane and coal to gas technologies.
    448 KB PDF file | Free download
  • Renewables deals: 2008 annual review - Mergers and acquisitions activity within the global renewable energy market Renewables deals: 2008 annual review - Mergers and acquisitions activity within the global renewable energy market
    Renewables deals: 2008 annual review - Mergers and acquisitions activity within the global renewable energy market
    The renewable energy sector is an increasingly important arena for deal-making as companies and investors respond to the growing role of renewable sources in meeting global energy demands and the challenge of climate change.
    1.9 MB PDF file | Free download
  • Junior mine 2008: Review of trends in the TSX-V mining industry - PwC Canada Junior mine 2008: Review of trends in the TSX-V mining industry - PwC Canada
    Junior mine 2008: Review of trends in the TSX-V mining industry - PwC Canada
    PricewaterhouseCoopers presents our second edition of Review of trends in the TSX-V mining industry, which examines the top 100 mining companies on the TSX Venture Exchange.
    973 KB PDF file | Free download
  • 2008 Global gold price survey results 2008 Global gold price survey results
    2008 Global gold price survey results
    2008 has been a strong year for gold. The price started the year at US$846 on January 2 and averaged over US$800. There was significant intra-period volatility in the gold price over the year with prices ranging between US$712 and peaking at US$905 in September. In early December, when this report was written, prices have retreated to US$764.
    666 KB PDF file | Free download
  • Global mine bulletin - January 2009 Global mine bulletin - January 2009
    Global mine bulletin - January 2009
    It is difficult to comprehend the change the mining world has been through in the last few months. Liquidity and the credit crunch in the western world are certainly part of the reason; however, the slow down in demand from China has been an equally important aspect.
    92 KB PDF file | Free download
  • Junior mine 2008: Review of the trends of the AIM mining industry - PwC UK Junior mine 2008: Review of the trends of the AIM mining industry - PwC UK
    Junior mine 2008: Review of the trends of the AIM mining industry - PwC UK
    This review, the fourth annual report on the UK listed junior mining industry, provides an insight into the aggregated performance of the junior mining industry, as represented by 50 of the largest mining companies on the Alternative Investment Market (AIM).  The mining companies included in the report represent over 85% of the AIM mining industry by market capitalisation, and so Junior mine provides a good indicator of the health of the UK’s junior mining industry.
    1.5 MG PDF file | Free download
  • Power deals: 2008 annual review - Mergers and acquisitions activity within the global electricity and gas market Power deals: 2008 annual review - Mergers and acquisitions activity within the global electricity and gas market
    Power deals: 2008 annual review - Mergers and acquisitions activity within the global electricity and gas market
    2008 was the year in which power deal values came down from their record-breaking highs of the two preceding years as the financial crisis and a number of market uncertainties had a negative impact on deal activity.
    839 KB PDF file | Free download
  • Energy Insights: Avoiding low probability, high impact events Energy Insights: Avoiding low probability, high impact events
    Energy Insights: Avoiding low probability, high impact events
    Despite efforts to prevent environmental, safety and health events from impacting operations, bad things happen–even to good companies. But, it is possible to mitigate the risk inherent in even the most hazardous operations if a process safety governance mindset and operating plan is ingrained from the top down.
    176 KB PDF file | Free download
  • Financial reporting in the oil and gas industry: International Financial Reporting Standards Financial reporting in the oil and gas industry: International Financial Reporting Standards
    Financial reporting in the oil and gas industry: International Financial Reporting Standards
    This publication considers the major accounting practices adopted by the oil and gas industry under International Financial Reporting Standards (IFRS). The need for this publication has arisen due to the absence of an extractive industries standard under IFRS; the adoption of IFRS by oil and gas entities across a number of jurisdictions, with overwhelming acceptance that applying IFRS in this industry will be a continual challenge; and ongoing transition projects in a number of other jurisdictions, for which companies can draw on the existing interpretations of the industry.
    1.2 MB PDF file | Free download
  • Energy transaction trends: April 2008 Energy transaction trends: April 2008
    Energy transaction trends: April 2008
    The premiere issue of the Energy Transaction Trends newsletter. M&A is a constantly evolving area and our aim is to keep you apprised of issues and our views on those as they occur. This semi-annual compilation of articles is designed to give a brief overview of M&A issues currently affecting the oil and gas industry. Our professionals are involved in numerous transactions on a daily basis and aim to share their insights and experiences to assist others who are facing similar issues.
    65 KB PDF file | Free download
  • Intertwined: the physical and the financial: Commodity risk in the oil & gas, power utility and mining sectors Intertwined: the physical and the financial: Commodity risk in the oil & gas, power utility and mining sectors
    Intertwined: the physical and the financial: Commodity risk in the oil & gas, power utility and mining sectors
    Intertwined: the physical and the financial looks at the new commodity risk challenges facing companies in the oil and gas, power utility and mining industries. It also looks at the specific challenges that arise within each of the industry sectors. Key questions such the role of trading and hedging within company strategies are examined as well as how best to get key building blocks such as organisational structure, tax, valuation and accounting right.
    800 KB PDF file | Free download
  • Mine: As good as it gets? 2008 trends and financial results in the global mining industry Mine: As good as it gets? 2008 trends and financial results in the global mining industry
    Mine: As good as it gets? 2008 trends and financial results in the global mining industry
    Our most recent report by PricewaterhouseCoopers, Mine: As good as it gets?, shows that while revenues of the top 40 mining companies grew by 32% in 2007, costs increased by 38%, thereby reducing margins. The fifth annual report provides a comprehensive analysis of the financial performance and position of the global mining industry and also discusses current trends in the global mining industry.
    1.2 MB PDF file | Free download
  • Avoiding cost blow-outs and lost time on mining capital projects through effective project stage gating Avoiding cost blow-outs and lost time on mining capital projects through effective project stage gating
    Avoiding cost blow-outs and lost time on mining capital projects through effective project stage gating
    Delivering major capital projects on schedule and to budget is an increasingly difficult challenge for many mining companies. In 2005, PricewaterhouseCoopers’ global review of major capital projects in the mining industry found that only 2.5 percent of projects could be defined as successful when assessed across the four critical dimensions of: scope, cost, schedule and business benefits. Several of Australia’s coal mining companies, however, have robust capital project management processes in place. Some of these organisations have moved further to the forefront of world’s best practice over the past few years as they look to manage larger project portfolios in a time of volatile market conditions. This paper highlights Australian coal mining industry best practices in various areas of major capital project management.
    967 KB PDF file | Free download
  • Improving safety performance in the Australian mining industry through enhanced reporting Improving safety performance in the Australian mining industry through enhanced reporting
    Improving safety performance in the Australian mining industry through enhanced reporting
    A recent review of safety performance in the global mining industry found that Australia has one of the lowest mining fatality rates in the world. These results have been driven by considerable improvements in safety procedures and in the risk management techniques used to identify, measure and address safety hazards.

    PwC believes that further progress can be achieved by improving the processes involved in capturing, analysing and sharing safety data. We have published this paper that demonstrates that greater excellence in safety reporting is the first step on this journey, and that this can be achieved by addressing 12 improvement opportunities in three main areas.
    232 KB PDF file | Free download
  • Glossary of terms used in the trading of oil and gas, utilities and mining commodities Glossary of terms used in the trading of oil and gas, utilities and mining commodities
    Glossary of terms used in the trading of oil and gas, utilities and mining commodities
    This glossary will be of use to a broad audience – CEOs, CFOs, members of the management and supervisory boards, accountants, traders, regulators, tax consultants and many more – bringing together terms from the worlds of finance, electricity, mining, oil and gas as well as sectors such as law, regulatory affairs, economics and even meteorology.
    325 KB PDF file | Free download
  • A world of difference: 2008 utilities global survey A world of difference: 2008 utilities global survey
    A world of difference: 2008 utilities global survey
    A world of difference marks the tenth anniversary of PwC annual utilities global survey of 118 senior executives in 37 countries and reveals a sector that is anticipating wide scale transformation in the decade ahead.
    1.64 MB PDF file | Free download
  • Financial reporting in the utilities industry Financial reporting in the utilities industry
    Financial reporting in the utilities industry
    This edition of Financial reporting in the utilities industry describes the financial reporting implications of IFRS across a number of areas selected for their particular relevance to utilities companies. It provides insights into how companies are responding to the various challenges, and includes examples of accounting policies and other disclosures from published financial statements. It examines key developments in the evolution of IFRS in the industry.
    307 KB PDF file | Free download
  • Global mine bulletin: August 2008 Global mine bulletin: August 2008
    Global mine bulletin: August 2008
    This edition of Global mine bulletin has a strong Australia focus with the country focus talking about the proposed Carbon Pollution Reduction Scheme which will be a major challenge to the mining sector. We also take a look at “Aussie Mine”, a summary of the mid tier and junior Australian mining industry which was released in June. This was the third of the trilogy; following Junior mine publications covering Toronto and the London AIM market. As with the other publications, 2007 was a wonderful year, however, there can be little doubt that 2008 will be far more testing.
    159 KB PDF file | Free download
  • Global mine bulletin: May 2008 Global mine bulletin: May 2008
    Global mine bulletin: May 2008
    Events provided a perfect backdrop for the release of our inaugural Mining deals publication. This document, which is the subject of the first story in this newsletter, examines the deals announced and completed in 2007 and compares them to 2006 and 2005. It will be no surprise that 2007 saw a record number of deals and a record value for deals. Indeed we also saw the largest ever transaction when Rio Tinto bought Alcan. The outlook for 2008 is even brighter, and there is every reason to believe that the records set in 2007 will be surpassed.
    1.97 MB PDF file | Free download
  • Global mine bulletin: February 2008 Global mine bulletin: February 2008
    Global mine bulletin: February 2008
    Global mine bulletin is a quarterly publication discussing trends and issues in the mining sector. In this edition, the impact that the sub-prime crisis will have on the mining industry is discussed, as well as performance improvement in the area of management reporting. PwC's new acquisition of GEM, an Australian-based consultancy focussing on strategy, operating effectiveness and profit maximisation in the mining industry is introduced in this newsletter.
    476 KB PDF file | Free download
  • Managing large scale capital projects Managing large scale capital projects
    Managing large scale capital projects
    Midstream master limited partnerships are often challenged to effectively manage high-stakes capital investment projects and organic growth programs.The ability of midstream master limited partnerships (MLP) to achieve future growth targets is generally achieved through a combination of the completionof organic growth projects and strategic acquisitions. To help ensure management and unitholders enjoy the full benefits of these significant investments, in PricewaterhouseCoopers' view, management should consider the following three steps: analyze and plan for each project’s regulatory climate and risks; establish a capital investment management framework; and develop focused management reporting.
    183 KB PDF file | Free download
  • Master limited partnerships: Gauging your success Master limited partnerships: Gauging your success
    Master limited partnerships: Gauging your success
    Guide to the principal issues and challenges faced by new and existing MLPs.
    240 KB PDF file | Free download
  • Need to know: The future of IFRS for the extractive industries Need to know: The future of IFRS for the extractive industries
    Need to know: The future of IFRS for the extractive industries
    The growing use of IFRS around the world means that all companies in the industry – whether in the oil & gas sector or the mining sector – should take notice of these developments.
    1.22 MB PDF file | Free download
  • LNG (Liquid Natural Gas): Towards a global reference price LNG (Liquid Natural Gas): Towards a global reference price
    LNG (Liquid Natural Gas): Towards a global reference price
    LNG is one of the fastest-growing energy markets. But although there has been movement towards a global reference price, the costs involved along the value chain suggest the commoditisation achieved in the oil sector is unlikely.
    2.2 MB | Free download
  • LNG (Liquid Natural Gas) glossary: LNG: A glossary of terms LNG (Liquid Natural Gas) glossary: LNG: A glossary of terms
    LNG (Liquid Natural Gas) glossary: LNG: A glossary of terms
    With LNG playing an increasingly important part in the world's energy mix, familiarity with LNG terminology is needed by a growing number of professionals.
    961 KB | Free download
  • LNG (Liquid Natural Gas): Towards a global reference price LNG (Liquid Natural Gas): Value and growth in the liquefied natural gas market
    LNG (Liquid Natural Gas): Value and growth in the liquefied natural gas market
    The future development of LNG as one of the fastest growing areas of the energy market worldwide will also require the development of new technologies and will depend on the pace in which they are put into practice.
    2.2 MB | Free download
  • Emissions trading: Building trust in emissions reporting Emissions trading: Building trust in emissions reporting
    Emissions trading: Building trust in emissions reporting
    This report highlights the key characteristics of the world's main emission trading schemes, presents a new vision for compliance in emissions trading and calls for global action to develop this.
    3.17 MB | Free download
  • Getting the data right: A survey of information technology solutions to meet EU emissions trading scheme requirements Getting the data right: A survey of information technology solutions to meet EU emissions trading scheme requirements
    Getting the data right: A survey of information technology solutions to meet EU emissions trading scheme requirements
    For the first time, the most relevant information technology solutions to meet EU Emissions Trading Scheme requirements were listed and assessed for your convenience.
    2.70 MB | Free download
  • Carbon emissions and climate change: The world in 2050: Implications of global growth for carbon emissions and climate change policy Carbon emissions and climate change: The world in 2050
    Carbon emissions and climate change: The world in 2050: Implications of global growth for carbon emissions and climate change policy
    Impact of global growth on carbon emissions.
    680 KB | Free download
  • Sarbanes-Oxley: Sustainable from the start: Sarbanes-Oxley 404 implementation by oil & gas and utility foreign private issuers Sarbanes-Oxley: Sustainable from the start: Sarbanes-Oxley 404 implementation by oil & gas and utility foreign private issuers
    Sarbanes-Oxley: Sustainable from the start: Sarbanes-Oxley 404 implementation by oil & gas and utility foreign private issuers
    The Sarbanes-Oxley Act of 2002, the US Congress's sweeping reaction to a series of corporate scandals, is having a profound impact on US companies. Section 404, which places new obligations on companies to assess and report on the effectiveness of internal controls, has been particularly challenging.
    926 KB | Free download
  • Questions and answers: Interpretations for the utility industry Questions and answers: Interpretations for the utility industry
    Questions and answers: Interpretations for the utility industry
    The paper was written to provide practical guidance and to assist utility companies with the challenges of implementing FIN 47.
    424 KB | Free download
  • Effective tax rate comparison of the global mining industry 2007: May 2008 analysis Effective tax rate comparison of the global mining industry 2007: May 2008 analysis
    Effective tax rate comparison of the global mining industry 2007: May 2008 analysis
    We are pleased to once again present our comparison of effective income tax rates in the global mining industry.
    424 KB | Free download
  • Master limited partnerships: Gauging your success
    Master limited partnerships: Gauging your success
    Master limited partnerships: Gauging your success
    Guide to the principal issues and challenges faced by new and existing MLPs
    240 KB | Free download
  • IFRS for mining companies: Financial reporting in the mining industry: International financial reporting standards IFRS for mining companies: Financial reporting in the mining industry: International financial reporting standards
    IFRS for mining companies: Financial reporting in the mining industry: International financial reporting standards
    This edition describes the financial reporting implications of IFRS across a number of areas selected for their particular relevance to the mining industry.
    2.29 MB | Free download
  • 2008 Canadian energy survey: Survey of 2007 results 2008 Canadian energy survey: Survey of 2007 results
    2008 Canadian energy survey: Survey of 2007 results
    The 2008 Canadian energy survey presents data from the top 100 Canadian public oil and gas companies and top 25 trust companies for the fiscal year ended in 2007.
    784 KB | Free download
  • IFRS for oil and gas and utilities industries: Real time. Delivering IFRS in the oil and gas and utilities industries IFRS for oil and gas and utilities industries: Real time. Delivering IFRS in the oil and gas and utilities industries
    IFRS for oil and gas and utilities industries: Real time. Delivering IFRS in the oil and gas and utilities industries
    With many companies at the end of their first full IFRS reporting period, we publish Real Time, which examines the reality of reporting under the new standards for companies in the oil & gas and utilities sectors.
    674 KB | Free download
  • The wealth of nations: How well do countries' petroleum strategies align? The wealth of nations: How well do countries' petroleum strategies align?
    The wealth of nations: How well do countries' petroleum strategies align?
    For countries endowed with oil and gas reserves, the picture is different in today's world. Many of the countries have chosen to govern the oil and gas industry through nationalizing these resources. These national oil companies are a leading force in the energy industry.
    375 KB | Free download
  • IFRS in the mining industry: Real time: International financial reporting standards in the mining sector IFRS in the mining industry: Real time: International financial reporting standards in the mining sector
    IFRS in the mining industry: Real time: International financial reporting standards in the mining sector
    Real time highlights some of the key areas of difficulty that impact specifically on the mining sector under IFRS. It provides insight into how companies have dealt with these issues, through examples of the accounting policies included in their published IFRS financial statements.
    470 KB | Free download
  • Geopolitics and energy: How energy companies can improve global business performance by better managing political riskGeopolitics and energy: How energy companies can improve global business performance by better managing political risk
    Geopolitics and energy: How energy companies can improve global business performance by better managing political risk
    Energy companies understand the business consequences of political change perhaps better than organisations in any other sector. Matching energy demand and supply is, at its very core, a high-stakes geopolitical business endeavour. This is truer today than at any time in the past.
    65 KB | Free download