An annual analysis of the global mining industry.
For the world’s Top 40 miners, 2017 was a remarkable year. Having executed cost-saving strategies of the past few years and with margins and cash-generating ability improved, we saw near boom time profits.
In our latest analysis we find:
Strong balance sheets are tempting the Top 40 mining companies to pursue bold investment and growth opportunities, but to deliver value on a sustainable basis, miners must remain disciplined and transparent in the allocation of capital, and stay focused on the goal of mining for profit, not for tonnes.
With such strong industry performance, miners will be faced with Governments looking to increase taxes and royalties, unions will demand pay rises for workers and shareholders will seek to receive increased dividends.
So what does this mean for the year ahead?
Watch our short video with PwC’s global mining leaders and hear their perspectives from across regions, the highlights for commodities and the outlook for global miners in 2018.
Energy Utilities & Mining Leader, PwC Australia
Tel: +61 3 8603 0009
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