subject: Top 40 global mining enterprises speed up the integration of the former - the gold mining company, iron ore - steel industry [print this page] Top 40 global mining enterprises speed up the integration of the former - the gold mining company, iron ore - steel industry
PricewaterhouseCoopers to the "China Gold Report" provides a report, from 2002 to 2007, the development of the global mining industry presents a feature?? The top 40 global mining companies significantly accelerate the integration of intensity. Particularly since 2003, mining has experienced a rapid development process, mainly due to strong demand for commodities, strong demand continued to rise the price rose and business investment boosted, which leads the global mining market structure has changed.
6 presents six characteristics in PricewaterhouseCoopers report, six years, the development of the global mining industry there is a significant feature 6.
First, the world's mineral production continue to increase as income and commodity prices continued to firm. Among them, the revenue in 2007 was about 3.3 times in 2002.
Second, net interest, tax, earnings before depreciation and amortization (EBITDA), continued growth in 2006, appeared in 2007, the first time since 2002, stabilized. Because of strong global top 40 mining companies face growing cost pressures.
Third, the global mining industry in 2007 net profit is 20 times in 2002, a linear trend. The first drop in 2007 net profit margin, increased operating costs due to mining than earnings growth.
Fourth, strong global mining companies top 3 and the net profit in 2007, 2003, the industry's strong profits and the top 40 7 times. Among them, BHP Billiton, Rio Tinto and CVRD's net profit of the three companies in 2007 were more than 40 strong in 2002 before the industry combined.
Fifth, the top 40 global mining companies through strong operating cash receipts increased in 2003 compared to 3.2 times. Re-investment of cash receipts continue to grow. Among them, more than last year's investment activities generated cash proceeds of the speed. Therefore, companies need substantial additional financing to support mergers and acquisitions and further development.
Sixth, the former 40-strong business operations of property, plant and equipment, from 2002 to 2007, a total increase of 217%. This growth reflects the strength of the industry to reinvest a very large, but also reflects the company's acquisition, merger activity is increasing.
Integrated market structure change Report shows that the market capital, since 2003, the global mining industry has experienced significant development and integration. This is mainly due to strong demand for commodities, strong demand continued to rise the price rose and business investment boosted, leading to the global mining market structure has changed. According to PricewaterhouseCoopers estimated that this change in the future will continue.
2003 was elected to the strong global top 40 mining companies, by 2007 only 25 remain on the list, there are eight companies have been other industry mergers and acquisitions. M & A to make the top 40 significantly increased the value of strong business, such as Rio Tinto bought Alcan last year, the company.
According to PricewaterhouseCoopers statistics, the top 40 global mining market strong capital has increased significantly. In 2007, ranked the lowest priority list mining companies market capitalization of up to 91 billion U.S. dollars, its market value in 2003 can be discharged to the tenth. The biggest change in the market structure
traditional power cut mining of the market capital (mainly Canada, the United States, Australia and South Africa), and the BRIC countries and South Africa regions due to changes in the geopolitical risk, emerging market mining companies have acquired growth. In 2003, the mining company a market capitalization of emerging markets accounted for the top 40 strong 14% of the total capital market, while last year the figure rose to 36%.
While Canada, Australia, mining companies market capitalization of strength in the global top 40 strong in the weakened, the two primary and intermediate mining companies are in growth and recovery.
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