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Global mining faces crisis - PwC

Posted on 06 June 2013

The global mining industry is facing a market confidence crisis, a PricewaterhouseCoopers (PwC) report has found. “While 2012 saw mining stocks fall slightly, they fell nearly 20 percent in the first four months of 2013,” PwC said in a statement on Wednesday.
“According to [the]…report, the industry faces a confidence crisis. Confidence over whether costs can be controlled, return on capital will improve and commodity prices will not collapse, among others.” The report analysed 40 of the largest listed mining companies in major economies, including the United Kingdom, the United States, Canada, Australia, China, Russia, India, Brazil, Poland, Mexico and South Africa………………………………………..Full Article: Source


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