Report Projects Mining Rebound in 2014, Says Companies Must Adapt for Long Term

摘要

Mining companies can expect a rebound in 2014, but companies will need to "make fundamental and dramatic changes" to ensure they survive long-term, according to a new report released Dec. 3. Despite high costs, low profits, and increasing tension with the government and the public, analysts expect the mining sector to make a comeback in commodity prices as early as the second half of 2014, the report from Deloitte LLP said. The U.S. coal industry can expect a similar rebound for the short term, specifically in exports, due to the scheduled addition of international coal-fired power plants, according to the report, "Tracking the Trends 2014." There are 75 gigawatts scheduled to come online this year and 450 gigawatts scheduled for the next five years.