Top miners doing well, but not getting credit for it – PwC

The world’s top 40 mining companies continued to consolidate their performance of the past several years by delivering steady growth in 2018, PwC’s ‘Mine 2019’ report, published on Tuesday, states. Combined, these companies’ revenue had increased by 8% year-on-year, which PwC says was buoyed by higher commodity prices and marginally improved production. The companies also boosted cash flows, paid down debt and provided a record dividend of $43-billion to shareholders during the year.