Mine 2018
Tempting times
Our 2018 outlook indicates that the Top 40’s improved financial performance will continue as companies continue to benefit from this upward momentum in the mining cycle.
Overview
The world’s 40 largest mining companies have delivered an impressive financial performance in 2017, increasing revenue by 23 per cent to USD$600bn. The report confirms an upswing in the mining cycle, which comes on the back of rising global economic growth and a recovery in commodity prices. Helped by astute cost-saving strategies over the past few years, margins and cash-generating ability has improved significantly, leading to a 126 per cent jump in net profits.
Our 2018 outlook indicates that the Top 40’s improved financial performance will continue as companies continue to benefit from this upward momentum in the mining cycle.
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Michal Kotze
Africa Energy, Utilities and Resources Leader, PwC South Africa
Tel: +27 (0)11 797 4603
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Andries Rossouw
Partner, PwC South Africa
Tel: +27 (0)11 797 4060
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