PricewaterhouseCoopers LLP
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JUNIORS: PwC report – Waiting out uncertainty
PwC has for the eighth time looked at the 100 largest (by market cap) junior miners on the TSXV exchange and taken their financial pulse. They are struggling, but they have the grit and determination necessary to hang on until the economic…
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CAMESE uncovers hidden value of mining supply and services sector
The Canadian Association of Mining Equipment and Services for Export (CAMESE) has released the findings of a new economic impact survey reveals that the mining supply and services (MSS) industry generates 60,000 jobs across Ontario and is…
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GUEST COMMENT: Global mining industry faces confidence crisis
While the Top 40 mining companies increased volumes by 6%, softer commodity prices meant that 2012 revenues of $731 billion was only the second year in a decade that mining revenue did not increase, according to the latest PwC report: Mine: A…
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COMMENT: How to cut operating and capital costs
As the mining industry emerges from the Global Financial Crisis (GFC), many companies are already outlining plans for moderate to aggressive growth over the short to medium term. While production volumes will need to grow to meet an expected…
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A growing disconnect between miners and shareholders
Last year, the market capitalization of the top 40 global mining companies dropped 25%. This was despite the record earnings of those firms reported and with the average prices of all commodities in 2011 being higher than the average prices in…
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GLOBAL TREND: Mining racks up record profits in 2011, market cap down 25% says PwC report
Despite record profits of US$133 billion in 2011, market capitalization of the Top 40 global mining companies fell by 25%, according to the latest PwC report, Mine 2012:The growingdisconnect. In fact, only six companies out of the Top 40 global…
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The 101 on Peruvian mining
Peru has become the third preferred destination for mining exploration investment in the world and the leading destination in Latin America. The dynamic environment surrounding the mining industry in Peru is currently driven by the transition…
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Will this be a Golden Year?
On an annual basis, PwC surveys gold mining companies from around the world. We contacted 51 executives from a cross-section of senior and junior gold mining companies asking them questions varying from how high do you expect gold to climb in…
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More Canadian mining CEOs join the millionaires club in 2011
Every year, Coopers Consulting and PwC produce an annual Mining Industry Salary Survey, and it would appear that the majority of Canadian mining execs have seen their hard work pay off tremendously two years in a row.
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Quebec tax burdens miners
An independent study conducted by PwC on provincial taxation of mining companies in Canada reveals that nearly 41% of mining profits in Quebec are paid as taxes and royalties, including the federal component, while the Canadian weighted average…
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Planning For a Gold Mine
Twenty-five years may seem like a lifetime away, but the Quebec government’s Plan Nord could result in a huge transformation of Northern Quebec in what’s, in reality, a relatively short amount of time, given its ambitious objectives.
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Colombia’s mining industry is growing up, but not wihout some growing pains
When thinking about Colombia’s burgeoning mining industry, it strikes me as similar to a rising Hollywood star. Colombia has become a household name in the sector. Its growth potential and untapped sources of gold and other resources have made…
