Welcome to Mine: PwC’s 13th annual review of the top trends in the global mining industry. Our analysis is based on the financial performance of the Top 40 global mining companies by market capitalisation.
Our key findings:
2015 was a race to the bottom with many new records set by the world’s 40 largest mining companies according to the PwC’s annual Mine report.
The 13th in PwC’s industry series analysing financial performance and global trends, the report reveals a first ever collective net loss (US$27bn) for the top 40 miners with market capitalisation falling by £297bn (37%), effectively wiping out all the gains made during the commodity super cycle.
Mine 2016 also found:
…But not defeated
Whilst the industry continues to face significant economic headwinds, there is still a long term positive outlook.