Category: Blog

Mining Report 2017 by PwC

A remarkable year for the world’s Top 40 miners

  • Market cap $926 billion up 30%
  • Revenue $600 billion up 23%
  • Gearing 31% down from 41%
  • Net debt to EBITDA improved by 38%

Source: PwC analysis

For the world’s Top 40 miners, 2017 was a remarkable year. Thanks in large measure to the continuing recovery in commodity prices, fueled by general economic growth, revenues rose dramatically by 23 per cent. At the same time, the cost saving strategies of the past few years delivered, with margins and cash generating ability improved as well, leading to a sharp increase in profits.

Capital expenditures remained flat. With liquidity concerns that were still lingering in 2016 mostly resolved and balance sheets strengthened, companies have the flexibility to act. Across the board, a heightened focus on safety in operations, reducing leverage, and avoiding aggressive investments in new capacity indicates that management is proceeding in a measured and deliberate way.

Download the Full Report:

https://www.pwc.com/gx/en/mining/assets/pwc-mine-report-2018.pdf

Filed under: BlogTagged with: ,

Top 40 Mining Companies of 2017

The global Top 40 mining companies by market cap.

Rank Name Country Commodity
1 BHP Billiton Limited Australia/UK Diversified
2 Rio Tinto Limited Australia/UK Diversified
3 Glencore plc Switzerland Diversified
4 China Shenhua Energy Company Limited China/Hong Kong Coal
5 Vale S.A. Brazil Diversified
6 MMC Norilsk Nickel Russia Nickel
7 Anglo American plc UK/South Africa Diversified
8 Freeport-McMoRan Copper & Gold Inc. United States Copper
9 Grupo México S.A.B. de C.V. Mexico Diversified
10 Coal India Limited India Coal
11 China Molybdenum Co. Limited China/Hong Kong Diversified
12 Newmont Mining Corporation United States Gold
13 Potash Corporation of Saskatchewan Canada Potash
14 Barrick Gold Corporation Canada Gold
15 Saudi Arabian Mining Company (Ma’aden) Saudi Arabia Diversified
16 Teck Resources Limited Canada Diversified
17 Zijin Mining Group Co. Ltd China/Hong Kong Diversified
18 Fresnillo plc Mexico Diversified
19 South32 Limited Australia Diversified
20 Newcrest Mining Limited Australia Gold
21 Antofagasta plc UK Copper
22 Sumitomo Metal Mining Company Japan Diversified
23 Shaanxi Coal Industry China/Hong Kong Coal
24 Fortescue Metals Group Limited Australia Iron Ore
25 Goldcorp Inc. Canada Gold
26 Agnico-Eagle Mines Ltd Canada Gold
27 Polyus Gold International Limited UK Gold
28 The Mosaic Company United States Potash
29 China Coal Energy Company Limited China/Hong Kong Coal
30 First Quantum Minerals Limited Canada Copper
31 ALROSA Russia Diamond
32 Randgold Resources Limited Channel Islands Gold
33 Tianqi Lithium Industries, Inc. China Lithium
34 Shandong Gold Mining Company Limited China/Hong Kong Gold
35 Yanzhou Coal Mining Company Limited China/Hong Kong Coal
36 Jiangxi Copper Company Limited China/Hong Kong Copper
37 China Northern Rare Earth (Group) High-Tech Co. Limited China Rare Earth
38 NMDC Limited India Iron Ore
39 KGHM Polska Miedz Spólka Akcyjna Poland Copper
40 KAZ Minerals plc UK Copper

Source: https://www.pwc.com/ca/en/mining/publications/465864-top-40.pdf

Filed under: BlogTagged with:

Upcoming National and International Mining Events

Review the noticeable swing to new themes focused on digitization, sustainability and social responsibility. We have a series of global financial/technology events put on by Spire-Events including:

  • Toronto’s Mining Investment in North America (June 14/15), where mining company senior executives, the supply industry and governments will meet and discuss the rapidly changing disruptive edge of the industry.
  • In Vancouver also in June, the inaugural Resources for Future Generations kicks off with 1,400 papers submitted for inclusion offering 3,000 expected participants a full program on better integrating mining with society and the planet.
  • We are also in the final stages of formalizing a major mission in October called Cleantech Mining Asia 2018 that will offer participating companies major access to showcase emerging solutions to an eager industry looking for real change.

The industry is experiencing a noticeable shift in themes with both Canada and Australia leading novel topics and changing venue formats from traditional trade show venues.

Did you know that 85% of businesses that fail were not members of their industry’s trade association? Membership is very cost effective and full of expanding value.

Become a Canadian Mining Suppliers Member

Filed under: Blog

Submit your abstract – CIM Convention 2018

Technical abstract submission is now open!

  • The format of the conference allows for a 20 minutes presentation and a 5 minutes question and answer period
  • Abstracts of maximum of 200 words must be submitted online by November 20, 2017
  • Authors will be notified of acceptance by January 12, 2018
  • Presenters must register and pay the author registration fee on or before March 25, 2018 in order to guarantee their place in the program schedule

How to Submit
Continue reading

Filed under: BlogTagged with: ,

Top 10 International Mining Trade Show Events for 2018

1. Society of Mining Engineers (SME)

February 25, 2018 – February 28, 2018
Minneapolis, United States

The SME is America’s annual get together for the mining industry typically drawing more than 600 exhibitors and 6,000 participants. It has an excellent technical session, short courses, field trips and many B2B opportunities. The SME rotates between Denver and phoenix and on occasion to Minneapolis, an area rich in mining history.

2. bauma CONEXPO AFRICA

Continue reading

Filed under: BlogTagged with: , , , , , , , , ,

Australia Office Now Open

We are pleased to announce the appointment of Brian Wawn as Director Asia Pacific. His responsibilities include the support and development of Canadian Mining Suppliers in its plans to expand into the Australia and Asia region.

Brian also continues to operate Resources Monitor assisting companies servicing the mining, and oil & gas industries in the Australia and Asia region. Brian is a former Australian diplomat, having served extensively on Australian international missions. He has also served as a director of several companies in the construction industry in Australia and Southeast Asia. Brian is the author of the book, The Economies of the ASEAN Countries (published by Macmillan, London).

Canadian Mining Suppliers is pleased to have Brian as part of their expansion plans to further assist Canadian companies to grow their international strategies and plans.

Brian Wawn
Director Asia Pacific, Canadian Mining Suppliers
bwawn@canadianminingsuppliers.com
+61 411 478307
Filed under: Blog

Canada’s Top 10 Mining Trade Show Events for 2017/2018

Here are ten of the most important mining events in Canada. Consider attending them as an exhibitor, but more importantly, consider offering a paper in the technical session, that’s where the buyer is prowling, looking for the next good idea.

1. Mines and Technology Toronto

October 2 – October 4
Toronto, Ontario

Mines and Technology 2017 will focus on a range of topic areas that are of critical interest for the next-generation mine. Expect to hear experiences of digital analytics, data and tracking systems on mines; the role of robotics in future operations and how innovation will be crucial for waste and resource management.

Continue reading

Filed under: Blog

Oyu Tolgoi Expression of Interest Listings

If you would like to express your interest in supplying Oyu Tolgoi, you can respond to one or more of their EOI listed on their website. EOIs help Oyu Tolgoi to understand market capability and readiness and interest from the market for potential upcoming procurement needs for goods and services.

Prior to submitting a proposal you should register as a supplier in the following link:

http://ot.mn/register-as-a-supplier-en/

You can also check out Oyu Tolgoi’s Procurement Process (pdf).
Some key facts about Oyu Tolgoi underground mine:
  • 80 per cent of Oyu Tolgoi’s value lies beneath the surface
  • Mining method: Block caving
  • Operations: The mine will work 365 days a year with two 12-hour shifts.
  • At the peak of construction, the underground workforce is expected to be over 3,000 – and majority Mongolian.
  • The total conveyor length (10 km) is as long as the distance from the Chinggis Square to Tolgoit station.
  • The deepest shaft is the equivalent of 12 Blue Sky Towers in depth.
  • Total length of tunnels over the life of Hugo North Lift 1 – 200 km (mostly with a height of 5.5m and a width of 5m)
  • See a visual cross section of the underground mine (pdf)

Oyu Tolgoi Expression of Interest Listings

Filed under: Blog

Western Australia’s Lithium Mining Industry

Western Australia’s lithium deposits are making a significant impact on the growth of the Australian mining industry.

Since last year, production has commenced at three further mines in Western Australia: Mount Cattlin (Galaxy Resources), Mount Marion (Mineral Resources) and Wodgina (also Mineral Resources).

Continue reading

Filed under: Blog

Join the Asia Pacific Extractives Mission 2017

Join SES Professionals on the Asia Pacific Extractives Mission 2017 to meet new business partners and senior buyers in your concurrent mining and petroleum programs.

The Asia Pacific mission includes Mongolia, Indonesia and both Perth and Brisbane Australia over an intensive two week program.

See the results of our mission in 2016. Join us early as space will sell out quickly.

Join the Asia Pacific Extractives Mission 2017

Filed under: Blog, Uncategorized