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PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

World’s top miners keep performing but investors unimpressed

Stakeholders are concerned that the industry is lagging when it comes to a number of factors that have not been a traditional focus of the mining industry

Revenue up 8% to $683 billion; EBITDA up 4% to $165 billion; Record dividend paid to shareholders of $43 billion up 13% ;Market capitalisation of the Top 40 down 18% to $757 billion, 31 Dec 2018 with partial recovery thereafter The world’s 40 largest mining companies continued to consolidate their stellar performance…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

2018 financial year was a mixed bag of performance for South Africa’s mining industry – PwC South Africa Mine Report

Unfortunately the aggregated South Africa mining industry, which is more exposed to precious metals, did not enjoy the same benefit from price increases

The 2018 financial year proved to be a challenging year for South African mining companies. Globally, the financial performance of the mining industry improved considerably from the previous year. That position was largely mirrored by South African bulk commodity producers with iron ore, coal, manganese and chrome performing well. Unfortunately…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Stellar results lead to ‘tempting times’ for world’s top miners

The world’s 40 largest mining companies have delivered an impressive financial performance in 2017, increasing revenue by 23 per cent to USD 600bn

Market capitalisation of the Top 40 up 30% to USD $926 billion (bn) Revenue up 23% to $600bn Earnings before interest, taxes, depreciation, and amortization (EBITDA) up 38% to $146bn Net profit up 126% to $61bn and improvement expected to continue  in 2018 Miners must focus on the goal of…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

African national oil companies (NOCs) need to evolve for the future in light of a challenging and disruptive environment: PwC analysis

African countries that have for decades depended on their national oil company as a key source of revenue will need to rethink business models and strategies to avoid being captive to a single energy source and to allow them to rebalance budgets

NOCs across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping the economic trap of a lower oil price and embracing the disruptive forces unleashed by climate change and a lowcarbon world. A new era of lower oil prices is…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

SA mining industry sees a turnaround in financial performance amid a challenging operating environment: PwC SA Mine report

Highlights from PwC’s ninth edition of SA Mine, a series of publications that highlights trends in the South African mining industry released by PwC

2017 was another challenging year for South Africa’s mining industry in light of a decrease in dividends and market capitalisation, various retrenchments across the industry, and marginal increases in taxes paid. However, spot price increases for bulk commodities supported the industry and resulted in a return to profitability after the…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Mining industry needs to Stop. Think … Act: PwC Mine 2017 report

According to PwC’s Mine 2017 report, the world’s Top 40 miners recovered from a race to the bottom, with bolstered balance sheets and a return to profitability in 2016

Profitability restored – aggregate net profit of $20 billion Balance sheets bolstered with increased debt repayments Market capitalisation of the Top 40 increased by 45 percent to $714 billion But, capex down 41 per cent to a record low of $50 billion, and exploration budgets reduced to a mere $7.2…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

South Africa’s Mining Industry continues to Face Tough Times in the Wake of Subdued Commodity Prices, Mounting Cost Pressure and Regulatory Uncertainty: PwC Report

Companies had no choice but to cut back on new developments, re-focus on profitable production rather than maximum production and to save costs

2016 marked another challenging year for SA’s mining industry in the wake of subdued commodity prices, an increase in short-term volatility, increased pressure on operating models and regulatory uncertainty. These are some of the highlights from PwC’s (www.PwC.com) eighth edition of SA Mine, a series of publications that highlights trends in…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Opportune Time for Africa Oil & Gas Industry to consider Change: PwC Oil & Gas Review

The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue

The decline in the global oil price has led to a reduced level of activity across the African continent and had an impact on countries that traditionally depend on oil & gas revenue. Despite the bleak landscape, the African continent still offers significant opportunities in the oil & gas sector.…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Slower, lower, weaker... but not defeated - PwC Mine 2016 report

2015 was a race to the bottom with many new records set by the world’s 40 largest mining companies

The first collective net loss in the Top 40’s history (US $27billion) Market capitalisation down 37 per cent (%), in some cases below Net Book Value High debt sees some miners fighting for survival , committing to asset sales Focus on costs continues, but so do economic headwinds 2015 was…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

SA’s mining industry sees steep decline in financial performance impacted by a slump in commodity prices and increased cost pressures

Financial performance for the South African mining industry in 2015 was extremely challenging and downcast

The 2015 financial year has proved to be extremely challenging for South Africa’s mining industry. Local cost pressures, labour action, and a continuing downswing in commodity prices have resulted in shrinking margins and impairment provisions. Mining companies are grappling to improve productivity in order to address the demanding global and…