First collective net loss for 'Top 40' mining companies

• Autores: Kasia Patel
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 585, 2016 (Ejemplar dedicado a: Julio/Agosto)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "We are also seeing shareholders persist with a short term focus, impacting the capital available for investment and, as a result, constraining options for growth," he said. "However, this is a hardy industry and while many miners may be down, they are certainly not out." "This has continued into 2016 with two recent high profile examples being Freeport McMoRan's sale of the Tenke copper project for $2.6bn and Anglo American's sale of its Brazilian niobium and phosphates business for $1.5bn," PwC outlined.

    "Significant restructuring needs to continue and deal volumes are likely to reshape the industry ownership mix and hierarchy in the near future," PwC outlined. "Costs have already been cut deeply but need to be demonstrably sustainable at these levels if prices stay depressed."