| More private equity investment is on the horizon for the mining sector, Deloitte South Africa mining industry leader (assurance) Tony Zoghby said on Wednesday. In 2012 alone, eight mining funds raised private equity of $8.5-billion as mining majors wrote off asset value of $75-billion in impairments.
Zoghby and Deloitte South Africa mining industry leader (advisory) Abrie Olivier were speaking at the presentation of Deloitte’s sixth 'Tracking the Trends' yearly report, which outlined how mining companies would next year continue to face rising costs, falling commodity prices, supply-and-demand imbalances and decreased productivity levels...............................................Full Article: Source
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