25.06.2014 - Emerging markets firms to lead global mining sector: PwC
Emerging market mining companies outperformed their peers from traditional markets on profitability and on dividend yield in 2013 and continue to do so this year, the latest study released by PwC shows. In its Global mining report 2014, the experts note that net profits from progressing economies-based miners reached $24 billion in 2013, compared to a net loss of $4 billion for developed market firms. According to the analysts, results in upcoming elections to be held in India, Brazil, Indonesia and South Africa may further alter the influence of emerging markets on mining. This will especially affect coal and iron ore, and potentially gold and potash, which incidentally contributed the most to decline in profitability...............................................Full Article: Source
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