Mine* - Riding the Wave

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.

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