| The world's biggest miners are vulnerable and some are fighting for survival because of lower commodity prices and high levels of debt according to a new report. Accounting firm PwC found the globe's 40 biggest miners made a collective loss of $US27 billion ($37 billion) in 2015, the first loss across the entire industry, hit by China's slowing economy and a 25 per cent fall in commodity prices last year.
The report titled Mine 2016, said the market value of the world's 40 biggest miners fell 37 per cent or $US297 billion to $US494 billion by the end of 2015, erasing all the gains from the mining boom...............................................Full Article: Source
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