World’s top 40 miners

 

World’s top 40 miners [infographic]

Source: Autralian Mining, June 17th

In PricewaterhouseCoopers latest Mine:PwC report, it outlines how the industry has wasted much of the boom, with the top forty miners squandering around US$427 billion since 2010.

The report unveiled that of the US$623 billion in capital expenditure invested over the five year period from 2010 to 2015, nearly 32 per cent, or US$199 billion, was booked as impairments.

PwC blamed a “lack of capital discipline”.

It went on to state all the ground gained during the boom was effectively negated, adding that “the collapse was all the more painful for producers in 2015 because the value destruction was perceived as self-inflicted”.

world's top 40 miners

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