According to the Mine report, the industry faces a confidence crisis. Confidence over whether costs can be controlled, return on capital will improve and commodity prices will not collapse, among others.
It was far from the most active year for mining mergers and acquisitions (M&A), but 2012 had its share of exciting transactions and trends.
This is the first of three reports undertaken by Women in Mining (UK) in conjunction with our sponsors Anglo American, Rio Tinto, PwC and Latham & Watkins designed to widen the already well discussed debate about the lack of representation of women on boards to the mining industry.
According to a new report from PwC, Mine: The growing disconnect, the world's 40 largest miners by market capitalisation, the Top 40, posted record revenue and profits while investor confidence decreased.
The sound of voices predicting the end of the commodity super cycle that began at the start of this millennium reached a crescendo pitch during 2011. The end of China. The end of India. The end of the nuclear age. The end of the American dream. The end of the Euro. With each of these expected ends, markets assumed a necessary end to the demand for mining resources.
We are proud to present the eighth edition of Mine 2011. The game has changed. This PwC publication provides an overview of current global mining trends. Following on from our previous publications, this edition covers the record results seen within the industry over the past 12 months, where combined net profits have reached $100 billion and total assets are approaching $1 trillion.
PwC’s 2012 Gold Price Report assesses gold companies globally, with companies surveyed representing 26.5 million ounces of gold mined in 2011, and 37.75 million ounces to be mined in 2012.
As in previous editions, this year’s review includes our financial analysis of the largest Russian, Ukrainian and Kazakh metals and mining companies that report under globally accepted standards (US GAAP or IFRS).
This publication explains how mining companies can improve operational efficiency and manage its operations across the value chain through the creation and use of integrated operating models linking financial and operational performance.