Mining Business Confidence Report Q3 2014

Thursday 23 October 2014, Amsterdam

Mining Business Confidence Report Q3 2014 is the new report that globally analyzes industry opinions on the latest economic and customer issues, and their impact on investment decisions and growth prospects within the mining industry. This report also examines executive opinion on the current and future state of the economy and its retrospective effect on the industry. We analyze the likely effect of supplier price changes, sales performance, and staff headcount within the industry over July–September 2014 and in addition, provide an overview of the key priorities, threats, and opportunities for the global pharmaceutical industry.


The reports difference

• Dig a little deeper: The report analyzes current economic conditions prevailing around the world and their impact on the mining industry.
• A glimpse of the future: The report forecasts company and industry growth prospects over July–September 2014.
• Real confidence: With information on the impact consumer confidence, supplier prices, and staff
• headcount are likely to have on the investment decisions of industry executives over July–September 2014.

Report highlights

Global mining industry survey results disclose that the highest percentage of industry executives, 46%, forecast the global economic conditions to be unfavorable in Q3 2014.

Challenges such as rising energy costs, increasing labor costs, resource nationalization, stringent environmental rules and regulations, high impairment charges, mining talent shortage and the pace of worker attrition are hindering the growth of mining industry. Additionally, scarcity of capital, hailing merger and acquisition activity, geopolitical tensions, and drop in commodity prices due to imbalance in supply and demand for most industrial commodities, are other reasons responsible for unfavorable scenario.

Evidencing the trend, in July 2014, Anglo American plc, a global mining company, planned to sell its oldest platinum mines in South Africa, which enables the company to raise US$4 billion. The move is part of the company’s plans to streamline the business by disposing of under-performing assets and also to offset the company’s loss of US$1.06 billion due to recent mining strikes in the country.