World’s 40 biggest miners made a collective loss of US$27 billion in 2015
The world’s biggest miners are vulnerable and some are fighting for survival because of lower commodity prices and high levels of debt according to a new report.
Accounting firm PwC found the globe’s 40 biggest miners made a collective loss of $US27 billion ($37 billion) in 2015, the first loss across the entire industry, hit by China’s slowing economy and a 25 per cent fall in commodity prices last year.
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