Global mining profits fell 72 percent; PwC report finds mining companies hit hard in past 12 months

摘要

MINING PROFITS plunged 72 percent in the past 12 months to $20 billion, according to Pricewaterhouse Cooper's (PwC) annual report on the global mining sector. The combined market value of mining companies dropped 23 percent to $958 billion. The report cites lower gold prices and the struggles with the coal sector as the leading causes of the lower values.