n Enterprise Risk - Mining sector profits up 64% : financial affairs

Volume 1, Issue 3
  • ISSN : 1993-8217


Last year was a spectacular year for the global mining industry, with net profits rising by 64%. This is 15 times higher than 2002, with return on equity reaching 33% compared to 26% in 2005. According to a mining report published recently by PricewaterhouseCoopers, since 2005, the mining industry has experienced a 40% increase in net cash inflow, bringing operating activities to US$76.7-billion. The report also found that cash is being used to fund organic growth and that spending on investment activities has grown by 83%.

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