Friday, 22 March 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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«March 2019»
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28/02/2019 4:00 PM - 6:00 PM
6183

Contractors Panel Smart Mining Networking Event

Location: Rydges World Square, 389 Pitt St, Sydney NSW 2000

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123
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111213
13/03/2019 12:00 PM - 2:00 PM
6205

Ian Hedley Champion of Innovation CEO Leadership Lunch

Location: Quality Hotel NOAH'S On The Beach, Zaara Street, Newcastle NSW, Australia

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14
14/03/2019 12:00 PM - 2:00 PM
6118

BlackEarth Minerals CEO Leadership Lunch

Location: Deloitte Perth Brookfield Place, Tower 2 123 St Georges Terrace Perth, WA 6000

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151617
181920
20/03/2019 9:00 AM - 21/03/2019 5:00 PM
6128

GMG Secure and Integrated Energy and Mining Systems Forum

Location: Adelaide Convention Centre, Panorama Rooms, North Terrace, Adelaide SA, Australia

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21
20/03/2019 9:00 AM - 21/03/2019 5:00 PM
6128

GMG Secure and Integrated Energy and Mining Systems Forum

Location: Adelaide Convention Centre, Panorama Rooms, North Terrace, Adelaide SA, Australia

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222324
25262728293031
12
2/04/2019 4:00 PM - 6:00 PM
6234

Anglo American Smart Mining Networking Event

Location: Hotel Grand Chancellor Brisbane, Leichhardt Street, Brisbane City QLD, Australia

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3
3/04/2019 5:00 PM - 6:00 PM
6027

Austmine New Member Welcome - BRISBANE

Location: Little Big House 18 Southpoint, 271 Grey St, South Brisbane QLD 4101

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4567

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