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.
PwC’s analysis of the top 40 largest miners showed 2011 to be a year of polarisation. 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. While the industry started the year strongly, company stocks significantly underperformed in the broader equity markets, losing value by year-end as a result of continuing global economic fears stemming from the ongoing European sovereign debt crisis and a projected slowdown of China’s economy.
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