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Mine 2018
Mine 2018
Tempting times
Tempting times
/mining
/mining
For the world’s Top 40 miners, 2017 Perhaps the most significant risk Indications are that this current
For the world’s Top 40 miners, 2017 Perhaps the most significant risk Indications are that this current
was a remarkable year. Thanks in currently acing the world’s top cycle has several more years to
was a remarkable year. Thanks in currently acing the world’s top cycle has several more years to
large measure to the continuing miners is the temptation to acquire run. Steady global annual GDP
large measure to the continuing miners is the temptation to acquire run. Steady global annual GDP
recovery in commodity prices, mineral-producing assets at any price growth over the next five years,
recovery in commodity prices, mineral-producing assets at any price growth over the next five years,
fuelled by general economic growth, in order to meet rising demand. In along with significant infrastructure
fuelled by general economic growth, in order to meet rising demand. In along with significant infrastructure
revenues rose dramatically by 23 per the previous cycle, many miners growth in emerging economies, is
revenues rose dramatically by 23 per the previous cycle, many miners growth in emerging economies, is
cent. At the same time, the cost- eschewed capital discipline in the expected to underpin continued
cent. At the same time, the cost- eschewed capital discipline in the expected to und
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