Friday, 20 September 2019
Mine 2018 - Testing Times

Mine 2018 - Testing Times

For the world’s Top 40 miners, 2017 was a remarkable year. Having executed cost-saving strategies of the past few years and with margins and cash-generating ability improved, we saw near boom time profits.

In PwC's latest analysis they find:

  • Market capitalisation up 30% to $926bn
  • Revenues increased 23% to $600bn
  • EBITDA rose 38% to $146bn
  • Net profit up 126% to $61bn and forecast to rise to $76bn in 2018
  • Employee costs increased by 5%
  • Female board representation increased to 19%

Strong balance sheets are tempting the Top 40 mining companies to pursue bold investment and growth opportunities, but to deliver value on a sustainable basis, miners must remain disciplined and transparent in the allocation of capital, and stay focused on the goal of mining for profit, not for tonnes.

With such strong industry performance, miners will be faced with Governments looking to increase taxes and royalties, unions will demand pay rises for workers and shareholders will seek to receive increased dividends.

So what does this mean for the year ahead?

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27/08/2019 9:00 AM - 29/08/2019 5:00 PM
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3/09/2019 4:00 PM - 6:00 PM
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BHP & Southern Innovation Smart Mining Networking Event

Location: Southern Innovation Office, Level 1/729 Nicholson St, Carlton North VIC 3054

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11/09/2019 4:00 PM - 5:30 PM
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Austmine Innovation Tribe Meetup in Western Australia

Location: : CORE Innovation Hub, Basement, 191 St Georges Terrace, Perth

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17/09/2019 12:00 PM - 2:00 PM
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Andromeda Metals CEO Leadership Lunch

Location: WSP offices, Level 1, 1 King William Street, Adelaide, SA

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23/09/2019 4:00 PM - 6:00 PM
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Austmine Networking Event - Ballarat

Location: City Oval Hotel - Ballarat

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2/10/2019 9:00 AM - 11:00 AM
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Austmine Networking Breakfast with SLN - EVENT FULL

Location: Interlate Office, 1/143 Coronation Drive, Milton QLD, Australia

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3/10/2019 8:30 AM - 6:00 PM
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Adelaide Mining Innovation Roadshow

Location: Hotel Grand Chancellor Adelaide, 65 Hindley Street, Adelaide SA, Australia

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