• 05-JUN-2012

  • SOURCE: PricewaterhouseCoopers LLP

Global Mining Industry Posts Record $133bn in Profits in 2011 While Share Prices Plunge

Mine: The growing disconnect (cover image)
The global mining industry is facing a growing disconnect as despite record profits for the world's 40 biggest miners in 2011 thanks to high commodity prices, investors proved fickle, demanding greater capital discipline and increased shareholder returns. A lack of confidence in the sector's growth prospects saw market values plunge 25% to about $1.2 trillion and only six of the world's top 40 miners saw their market value increase, according to a new report from PwC, Mine: The growing disconnect.