Mine 2013: A confidence crisis

The global mining sector snapped out of its upward revenue streak to record lower top line in 2012. Aggregate net profit for the 40 largest mining companies was at $68 billion last year, down by 49%, despite an increase of 6% in the top 40’s production volume. As the industry continue to grapple with thinning margins due to rising cost and lower commodity prices, market confidence drops.

PwC’s 10th annual global mining report analyses mining trends by looking into the performance of the 40 largest mining companies and discusses the sector’s prospects moving forward.