Mine is PwC’s annual review of the top trends in the global mining industry. Our analysis is based on the financial performance of the top 40 global mining companies by market capitalisation.
2015 was a race to the bottom with many new records set by the world’s 40 largest mining companies including the first ever collective net loss and market capitalisation reduction of 37%.
A 25% year-on-year decline in commodity prices meant mining companies had to continue to find productivity improvements and for some, to fight for survival with asset disposals. $297B was wiped off the market capitalisation of the Top 40 miners, effectively wiping out all gains made during the commodity super-cycle.
Mine is PwC's annual review of global trends in the mining industry. In our latest report we found that 2015 was a race to the bottom with many new records set by the world's 40 largest mining companies including the first ever collective net loss and market capitalisation reduction of 37%.
Mine 2016 also found:
Whilst the industry continues to face significant market challenges and constraints, there is still a long term positive outlook. Many of the Top 40 appreciate what is required for the marathon of mining and have their eyes firmly fixed on the long term rewards.