PwC's Aussie Mine - Going for Gold Report is now available
We are very fortunate to have access to the many reports PwC produce for the Australian mining sector. Mine 2015 - The Gloves Are Off was released earlier this year at a joint Austmine / PwC breakfast where industry-renowned Professor Markus A. Reuter, from Outotec in Finland presented on Opportunities of a Circular Economy, and the Aussie Mine - Going for Gold report was released following PwC's very successful Hard Hat: Asia School of Mines workshops at IMARC last week.
PwC's key findings from the report:
For more information and to download the full report, visit the PwC website here.
- Overall financial performance fell across most metrics. Market capitalisation of the Mid-Tier 50 fell to $36.2 billion, and as a group declined 16% on previous year
- Revenues declined 1.8% and impairment losses of $5.5 billion continued to have impact on financial performance
- Deal activity was slow but a we expect a ramp up throughout 2015-16 with the pipeline of pending deals estimated at $3.1.billion, nearly 8 times more than in 2014