PwC outlook paints grim picture for mining, exploration (Business Vancouver)
Things are not looking good for multi-billion mine projects like the KSM in B.C., according to a new mining global outlook from PwC.
Smaller, leaner projects, may stand more of a chance of getting financed in a new era of prolonged low commodity prices and activist shareholders, according to PwC’s 2015 mining outlook, The Gloves Are Off.
As the title suggests, mining companies will have to fight to survive and they are going to have to get used to operating or building new mines at current commodity prices, rather than pin their hopes on a major rally.
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