The mining industry is having a tough time. In a new report on the world’s top 40 mining companies, the market capitalization of 37 of them dropped more than 17% in the first four months of the year. The report, from PricewaterhouseCoopers, also reveals that the net profit of these companies had fallen 49% last year. The industry is suffering from a "crisis in confidence" about mining firms’ abilities to control costs, deliver on promises, and successfully cope with demands to nationalize resources, the report says.
Dig into the valuation issues of this industry by attending Valuing Quarries & Mines, a BVR webinar airing on Thursday, June 13. Industry experts Michael Nowobiliski and Dwight Davis (both Mid-American Energy and Mining Services) will address the classic issues and emerging trends in appraising mineral extraction concerns. Through case studies and an examination of key market- and firm-based value drivers, Nowobiliski and Davis will cover the best practices in quarry and mine valuation.
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