No Match Found
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%.
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 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.
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