Review of global trends in the mining industry
This oil and gas industry cut of the Global Innovation survey looks at how oil and gas companies are approaching technology, and where there are gaps in their innovation strategy.
This review provides analysis on the financial performance and position of the global mining industry as represented by the Top 40 mining companies by market capitalisation.
Sustained high hydrocarbon prices have opened up opportunities for oil and gas development and fuelled a strong appetite for oil and gas stocks.
Rising commodity prices and global economic growth driven by industrialisation in emerging markets, especially China, has led to a strong appetite for mining stocks. Even the sharp downturn in prices and demand triggered by the global financial crisis of 2008-09 seems to have interrupted this trend only temporarily.
According to a new report from PwC, Mine: The growing disconnect, the world's 40 largest miners by market capitalisation, the Top 40, posted record revenue and profits while investor confidence decreased.
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