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Volatile commodity prices, depleted mineral reserves, stringent environmental regulations, rising operating costs and ever-intensifying competition have forced the international mining industry to reassess its strategies.
Low mineral commodity prices have resulted in the Indonesian mining sector focusing on improved efficiencies and reduced unit costs, while an increasingly global industry focus has caused increased merger, acquisition, strategic alliance and joint venture activities.
The last two years have been good for the metals markets, but it is a cyclical industry and most of the current boom has been driven by Asian demand. Sooner or later the industry will experience a down-cycle and then, once again, there will be renewed focus on more traditional issues like cost management and "anti-dumping" concerns.
PwC is the world's leading adviser to the mining and metals industry, working with exploration, production and service companies to provide business solutions tailored to the mining and metals sector. Our strength in serving this truly international sector comes from our skills, our experience and our unique team of industry specialists.
New PwC report on global mining explores whether or not the Top 40 mining companies can prioritise ESG and take a leading role in the world’s clean energy transition.
The Top 40 mining companies have come out of the storms of 2020 in excellent financial shape. Mining is one of the few industries that emerged from the worst of the COVID-19 pandemic economic crisis in excellent financial and operational shape.
The Top 40 mining companies are so far weathering the COVID-19 storm mostly unscathed, and certainly better than many other sectors. A remarkable feat, given that global growth is expected to decline in 2020.
In 2018 and early 2019, a key focus of merger activity among the Top 40 was consolidation in the gold sector. It remains critical that potential acquirers evaluate their strategic options before taking action, but we may see further transactions to drive efficiencies and improve productivity.