The operating cost structures of mining operations globally have increased significantly over the past five years.
For the five years leading up to the beginning of the Global Financial Crisis (GFC) in mid-2008 mining companies across the globe placed a primary emphasis on growth in production volumes to take full advantage of the soaring commodity prices on offer. This strategy reaped significant rewards, with net profits of the world’s 40 largest mining companies increasing from $12bn in 2003 to $80bn in 2007.
PwC is one of the world's leading advisors to the mining industry. This annual report created by PwC's Canadian Mining Team will provide you with ways to reduce your capital costs and achieve sustainable cost reductions in mining operations.
What can you achieve with cost reductions?